Corporate Income tax as of 2012 (II). The balance sheet revaluation

Abstract

The balance sheet revaluation had its first approach in the beginning of the 1960s. The goal of those singular regulations was to reevaluate companies’ balance sheet which had suffered the severe effects of inflation and restraints due to a self-sustainable economic policy already depleted. It is obvious that the instant revaluation takes place in a very different context, but, however, its statutory structure has barely changed.

The present paper describes the guidelines of the regulations concerning the balance sheet revaluation pursuant to Article 9 of Law 16/2012, and outlines some considerations which, in essence, try to guide an effective response to the question, have these regulations been able to overcome the rigor of time?