The Kreston Iberaudit Transfer Pricing team, in this first publication, is providing details on key issues regarding the penalties that apply to failure to comply with documentation obligations in terms of transfer pricing, as per the regulations on Corporation Tax (Impuesto de Sociedades – IS).
The successive cases of natural persons who, through the creation of the colloquially denominated “patrimonial” companies, expected obtain tax savings have recently jumped into the media. This typology of mercantile society has been used for the possession of assets for personal use and the billing [...]
