Clifford Chance
Urgent tax measures
5 December 2016
Entry into force
- In general terms, the new measures entered into force on 3 December (date of publication in the BOE).
- This means that they will have to be taken into account with regard to closing for Corporation Tax in 2016, as well as for the next instalment payment (April).
- Meanwhile, the non-deductibility of losses derived from the sale of shares in SOCIMIs will only be applicable in the financial years commencing as of 1 January 2017.
