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Portugal: CIT rate is progressively reduced until 2028 to 17%
The general Corporate Income Tax (CIT) rate will be progressively reduced from 20% to 17% between 2026 and 2028, while the special rate will decrease from 16% to 15% already in 2026.
The purchase of real estate property for hotel use is subject to VAT
The High Court of Justice of the Balearic Islands confirms the doctrine of the DGT and the TEAC, according to which, when the transfer concerns only the property itself, without including the organizational structure required to operate the…
Mexico approves historical amendment to the Amparo Law: new limitations, requirements and digital justice system
On October 16, 2025, a comprehensive amendment to the Amparo Law, the Federal Fiscal Code, and the Organic Law of the Federal Court of Administrative Justice was published on the Mexican Federal Official Gazette (DOF). The reform redefines…
The spanish Supreme Court outlaws the tax authorities’ “third shot”
According to the court, where an assessment is set aside the tax authorities only have a second chance to issue a new administrative measure, regardless of the reasons for ordering it to be set aside.
European Union recommends the use of tax incentives to reconcile sustainability with competitiveness
Following on with bringing flexibility to the rules on tax incentives to achieve decarbonization of the economy while staying competitive, the European Commission has approved the State Aid Framework to support the Clean Industrial Deal and…
Tax Newsletter - September 2025
The Reserve for Investments in the Canary Islands can be materialized in residential housing for rental
This expansion of the investment possibilities of the RIC is carried out with the declared purpose of overcoming the housing emergency situation in the Canary Islands.
Residents outside the European Union or the European Economic Area can also deduct expenses from their rental income
The National High Court fully accepts the application of the principle of free movement of capital to third countries for income from real estate leases, although there is no case law of the CJEU for the specific case of this type of income.
Mexico: 25 years of free trade with the European Union
The Free Trade Agreement between Mexico and the European Union (FTAEU) has been in force for 25 years, establishing itself as one of the most important free trade agreements among the many signed by Mexico. Since its entry into force in 2000, it…
Spain: Central Economic-Administrative Court clarifies position on the adjustment to be made following the exclusion of non-monetary contributions from the tax neutrality regime
According to the court, the adjustment will depend on whether there are unrealized gains to be adjusted immediately or foreseeably and must be consistent with the logic of the tax neutrality regime, by preventing the adjustment from causing…
Tax Newsletter - June to August 2025
Pillar Two: It has been approved the declaration to communicate the submission to the Global Minimum Tax
The declaration to communicate the starting period of submission to the Global Minimum Tax (GMT) has been approved. This regime imposes the payment of a global minimum tax on large multinational and national groups with annual consolidated…