Tax and legal news

In a recent judgement, the SAC confirmed the key rules for the determination of the beneficial owner in the application of licensing agreements. It defines the beneficial owner of royalties by three main features.

In a recent decision, the SAC confirmed that a lack of clear documentation can lead to the tax authorities refusing a deduction without further examination of the content of the project in question. The SAC confirmed that if the documentation does not meet the formal criteria, the tax authority may not even proceed to assess the material content of the project and its contribution.

From January 2024 onwards, a number of changes in the tax area are expected as part of the recovery package. The recovery package has successfully passed the Chamber of Deputies and now awaits approval by the Senate.

Municipalities were given greater powers to regulate the taxation of agricultural.

The excise duty on cigarettes, cigars, cigarillos and smoking tobacco has been increased by 10% for 2024 and then by 5% each year from 2025 until 2027.

The self-employed person's assessment base for pension insurance has been increased from the current 50% of the partial tax base to 55% from 2024.