Spanish CIT Law definition

Spanish CIT Law means the Spanish Law 27/2014, of 27 November, of the Spanish CIT.

Examples of Spanish CIT Law in a sentence

• The amount of the capital gain that exceeds that difference should be eligible for the Spanish participation exemption, pursuant to article 21 of the CIT.Pursuant to article 88.3 of the Spanish CIT Law, in order to mitigate double taxation, GA Mediaset would be entitled to make a negative adjustment in its CIT taxable base equal to the amount of the capital gain that has been subject to taxation in the hands of the contributing company (i.e., the Spanish Branch in case of transfer of shares).

• Additionally, Spanish CIT Law provides for certain items that are never deductible (permanent differences) or are deductible in a different year (timing differences).

• The current and historical use of all immediately adjacent properties will be discussed in the report and indicated on the Site Plan and/or Site Vicinity Plan as described in Section V of this scope of work.

• GrupoVM (i) will not opt to apply the deduction provided for by articles 31 or 32 of the Spanish CIT Law and (ii) will notify the Spanish tax authorities of its waiver to apply the tax neutrality regime provided for in Chapter VII of Title VII of the Spanish CIT Law, through the relevant notifications to be filed in the form and within the time established by the regulations implementing the Spanish CIT Law.

• The minimum tax applies, with certain exceptions, to taxpayers whose turnover in the 12 months before the beginning of the taxable period was equal to or above €20 million, and to taxpayers that are taxed under the CIT consolidated regime, irrespective of realized turnover.For some entities and activities, the Spanish CIT Law foresees special tax regimes (e.g. for venture capital companies and funds, small companies or leasing contracts).

• In general terms, Spanish CIT Law does not provide for any special set of rules for taxing capital gains and losses.

• There are also sev- eral conclusions, together with related questions:• The number of proven corruption cases is unexpectedly small, especially cases of bribery which usually are assumed to be part of the activities of organised criminal groups.

• The Spanish CIT Law allows the use of the straight-line method, the declining-balance method and the sum-of-the-years’-digits method for amortization purposes.

• Figure 2-2: An Example of an Optimal Hyperplane for a Linear SVM Classifier48 CHAPTER 2.