Corporate Income tax of 2012 (I). The range of amendments. The extraordinary voluntary regularization

Abstract

After analyzing the new regulations which have had an impact on the Corporate Income Tax throughout 2012, the instant collaboration is focused on the extraordinary voluntary regularization through the special tax return contained in the Royal Decree 12/2012.

Popularly known as «the tax amnesty», the extraordinary voluntary regularization is, above all, a major tax policy process which has an impact on personal taxes, on the Statutes governing the general tax principles, as well as certain aspects in the administrative and criminal proceedings, inherent to its application.

However, the present article is essentially limited to the analysis of the special tax return from a Corporate Income Tax perspective, but it also suggests that it would have been possible to achieve similar collection and tax consolidation results by way of the untimely tax return provided for in the General Tax Act, which contains the same incentives as the special tax return.