Corporate Income Tax in 2015. Intangible assets

Abstract

The recently enacted Law 27/2014, of November 27th, of Corporate Income Tax, has already suffered some relevant amendments, like those referred to intangible assets and goodwill, and those concerning the revenue reduction arising from certain intangible assets. The diligent enactment of the Corporate Income Regulations by way of the Royal Decree 634/2105, of July 10th, has introduced as the main feature, the so-called country-by-country reporting, even though it does not impact on material tax obligations. All these amendments have a common nexus, i.e. its inspiration by the European Union and OECD activity.

In the present paper, modifications concerning intangible assets and goodwill, and those related to revenue reductions arising from certain intangible assets are described.