The new version of paragraph 1, article 150 of the Spanish General Tax Law determines a general term of 18 months and an extraordinary term of 27 months for specific and more complex cases:
1.º That the yearly turnover of the taxpayer is higher of equivalent to the turnover required for audits of the annual accounts.
2.º That the Spanish taxpayer is part of a group subject to the tax consolidation rules and to the special rules of groups of entities object of the tax inspection.
In case the Spanish tax inspections are carried out against several persons or associated entities – agreement with LIS – and one of the aforesaid circumstances takes place, than the latter period will be applied for all persons and entities.
Interruptions or delays in the procedure are replaced by certain cases of suspension not included in the calculation of said periods. New version paragraph 1, article 150 of the General Tax Law:
Read More
