News published in INFORMA 2022

News published in INFORMA during the month of SEPTEMBER

The expense incurred by the provision of legal services is considered tax deductible and must be included in the taxable base of the Tax corresponding to the financial year in which it was accrued in accordance with the applicable accounting regulations, regardless of whether the judgment subject to litigation is not final.

To determine the total cost of production that forms part of the basis for the deduction regulated in article 36.1 of the LIS the provisions of the accounting regulations will be followed, without introducing any correction in this case the LIS .

For the purposes of compliance with the requirement of territorialization of expenditure required by article 36.1 of the LIS , it will be understood that the expenses have been incurred in Spanish territory when the services that give rise to said expenses are effectively provided in Spain, the nationality of the actors being irrelevant for understanding that the territorialization requirement has been met.

A company that carries out a film project and receives funds from another taxpayer who participates in the financing , will account for the operation by applying by analogy the criteria for the recognition of subsidies, and the treatment indicated for accounting purposes will be the one assumed from the point of view of Corporate Tax, in accordance with the provisions of article 10.3 of the LIS .