The Valencian Council has recently published a draft bill amending articles 10.bis and 12.bis of Law 13/1997, of 23 December, which introduces the following tax benefits which apply from 28 May 2023: 1.- The following exemptions are introduced for inter vivos transfers (gifts): - An exemption of €100,000 when the...
NEW UPWARDS OF MILEAGE/ KILOMETRIC ALLOWANCES
Order HPF/792/2023 of 12 July 2023 on the revision of the amount and allocation of travel expenses for Personal Income Tax purposes, published in the Spanish Official Gazette on 17 July 2023, revises upwards the total amount of MILEAGE / KILOMETRIC ALLOWANCES FOR TRAVEL EXPENSES exempt from Personal Income Tax....
HOW TO AVOID A TAX INSPECTION?
After many years defending our clients, in our firm we have conclude that, although there is an element of chance and sectorial reviews, there are reasons why the tax authorities can “decide to initiate a tax control”, for instance: The tax administration has a large database to compare with, so...