Changes to corporate income tax set forth by Royal Decree-Law 3/2016, of 3 december

Abstract

The article analyses corporate income tax amendments set forth by Royal Decree-Law 3/2016, of 3 December. Among them, the following are highlighted: the non-deductibility of certain capital losses arising from share deals, the reversal of impairment losses which were deductible for tax purposes prior to 1 January 2013 and the net operating losses carryforward limitation together with the limitations to the application of both internal and international double taxation deduction as of fiscal year 2016.