The balance sheet revaluation 2012. Tax and accountant analysis

Abstract

This paper outlines the rules on balance sheet revaluation laid down in article 9 of Spain's law 16/2012 (December 27^th), on tax measures for fiscal consolidation and development of economic activity. This analysis includes both the accounting and tax implications of the aforementioned rule. The paper also includes examples on the general rule for balance sheet revaluation its exceptions.