of the opinions delivered by the tax general directorate and the institute of accounting and accounts auditing relating to the new spanish general accounting plan

Abstract

Many are the opinions delivered in Spain by both the Tax General Directorate (DGT in its Spanish abbreviation) and the Institute of Accounting and Accounts Auditing (ICAC in its Spanish abbreviation) implementation of the new Spanish General Accounting Plan (PGC in its Spanish abbreviation), as many are the doubts currently arising regarding the frequent amendments of the Corporate Income Tax and the new, already non completely settled, General Accounting Plan, which are trying to be solved by posing them to the relevant public bodies.

The Tax Update and Improvement course, run by CEF, has devoted one lecture to survey the chief opinions issued by the DGT and the ICAC on the new rules and criteria resulting from the latest legal amendments on tax and accounting.

This paper summarizes the lecture on these subjects delivered last 17 december, 2009 by Mr. Eduardo Sanz Gadea, Spanish Tax Inspector.