New General Accounting Plan Approved

28 January 2008

On November 20, 2007, the Official State Gazette published Royal Decree 1514/2007 dated November 16, which approves the new General Accounting Plan.

The new General Accounting Plan, which is to go into effect on January 1, 2008, will apply to the fiscal years which commence after January 1, 2008 and to all companies, regardless of their legal classification (individual or company) without prejudice to those companies that already adhere to the General Accounting Plan for Small and Medium-sized Businesses.

For further information, please contact Victor Manzanares Saínz: vmanzanares@mmmm.es