Selection or Rejection of Potential Comparables
There is no systematic preference in the selection of one approach over the other, since in both cases reliable comparables can be obtained and even a combination of the two approaches can be used.
Income tax for natural persons 2021
In January 2021, the Government implemented a reform in the tax tranches of the PIT for labour income and there will be an increase of two percentage points, from 45% to 47%, for income above 300,000 euros.
Negative taxable bases (BINs) and their application
Negative taxable bases (BINs) can be offset in subsequent tax periods without any time limit, although with a series of quantitative limitations depending on the amount of the entity’s turnover.
Sick leave processed by COVID-19
The economic benefit of the TI in cases related to Covid-19 is pay by the entity that protects the professional contingency of the company’s employees and will be charge from the day after the sick leave until the date of discharge.
Internal and External Transfer Pricing Comparables
There are two types of comparables: internal comparables, which are generated from transactions between related and independent companies, and external comparables, which are transactions between independent companies.