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JUDGMENT OF THE UNION EUROPEAN COURT ABOUT THE DEDUCTIBILITY OF INTEREST

Judgment of the Union European Court of 26 October 2017

This judgment resolves a preliminary ruling that was raised by a Court of First Instance of Belgium about the Corporate Tax Belgium Law relating to the Directive 90/435 of Union European which rules the common system of taxation applicable in the case of parent companies and subsidiaries of different Member States. This Directive aims to avoid the disadvantages that companies of different Member States have in comparison between companies that are in the same Member State.

Unit linked, the star product for small investors

The Unit Linked goes one step further than life insurances instruments. It covers death, disability or retirement, but also allows the policyholder to choose in which stocks, bonds or mutual funds invest the product.

The Unit Linked combines the tax benefits of life insurance with the profitability and liquidity of an investment instrument, being advantageous too for inheritance and wealth tax planning.

New Form 232 - Informative statement of related-parties transactions and situations associated to countries and territories considered as tax havens.

On August 28th of this year, the Ministerial Order HFP / 816/2017 was passed, which establishes that the information concerning to related-parties transactions and situations associated to countries and territories considered as tax havens, which were traditionally reported through Form 200 Corporate Tax, it must be informed separately through Form 232 of "Informative statement of related-parties transactions and situations associated to countries and territories qualified as tax havens”. (BOE 30-8-2017).