The conference was divided into two distinct parts, the first based on a study of related party scenarios envisaged in the regulations, the obligation to valuate the transactions between related parties, either individuals or entities, at market rate and the various types of transactions between related parties. The second part reviewed the new requirement to provide documentation justifying the assigned values subject to review and investigation by tax authorities, as well as the corresponding implementation of the sanctionary proceedings for non-compliance with said obligation.
Attendees at the event demonstrated both their enormous concern which is currently bringing this matter to the attention of Spanish business owners and the clear need for legal advising.
Afterwards, attendees enjoyed refreshments provided by Gild International, co-organizor of the event.
For further information please contact Enrique Marinel-lo Jordan: [email protected]
or Víctor Manzanares Saínz: [email protected]