ImageBuenos morning everyone, from here we hope that Santa Claus is kind to everyone. And what is the Government was also set up giving us the Law 4/2008 of 23 December, abolishing the levy of wealth tax, generalize the system of monthly return on the value added tax added, and further amending the tax legislation.
A law in approving a series of measures which we will summarize:
Amendments to Corporate Income Tax Law, are modifications of tax adjustment as a result of adaptation to the new PGC, though that was promised to the tax neutrality of the accounting change, not clear.
The abolition of wealth tax, which does not mean that you should not do, but will be subsidized by 100%, ie as a simple model is informative.
In the area of income tax non-residents, changing the regulation of mutual agreement procedures to establish that during processing is not interest for the period.
The long-awaited bonus for the activities of Road Transport.
Changes in VAT and IGIC, such as the period that must pass in order to proceed to the reduction of the tax base relating to transactions wholly or partially uncollectible, the possibility for taxpayers who elect to do so, to implement a system consistent in the application of credit balance outstanding at the end of each settlement period. Taxpayers who choose this option must account for VAT on a monthly basis anyway.
There are a number of other changes though in the list above are the most important from our point of view
Regards and remember you have a link to the law in the name of it.