Natalia Garzón, Partner in CORTÉS ABOGADOS (Law Firm), has been named the new member of the Council for the Defense of Taxpayers’ Rights, representing the professional sector in the field of taxation.

The appointment has been approved by the Minister of Finance, Ms María Jesús Montero, on a proposal from the Council, by virtue of Ministerial Orders published on 13 March 2019.

The Council for the Defence of the Taxpayer is an integrated body in the Ministry of Finance, whose principal function is to ensure the effectiveness of taxpayers’ rights, to deal with complaints which arise from the application of the tax system implemented by Government bodies and to effect pertinent proposals and suggestions.

Natalia is a State Finance Inspector and Inspector of Customs and Excise on leave and has held various positions of responsibility within the State Tax Administration Agency in the fields of inspection and collection in both the Catalonian and Madrid Special Delegations. She has also been Managing Director of Economics, Finance and Planning at Renfe and Managing Director of the SGAE (Spanish Society of Authors and Publishers). She has a degree in Economic and Business Sciences from the University of Seville and a law degree from the National University of Distance Learning (UNED).


The XI SPANISH INSOLVENCY LAW CONGRESS on Claims Against the Estate, organised by AEDIN (The Spanish Association of Insolvency Law), will take place on 21, 22 and 23 March 2019, at the Barcelona Notary Association.

The event will be chaired by Mr. Ángel Rojo, Professor of Company Law, with participation of, among others, Professor of Company Law at the Universidad de Barcelona and Partner at CORTÉS, ABOGADOS, Dr. José Machado Plazas, presenting a paper on “The rule of deduction, the rule of payment upon maturity, and their exceptions.”

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Compensation for damages for de facto occupation and VAT

The Directorate-General for Duties (Dirección General de Tributos) has issued a binding ruling on Consultation V0276-19 that analyses the processing of value-added tax(“VAT”) for amounts paid by the Government to a company as a result of the de facto occupation by a government entity of a property owned by the company, to carry out work on the public highway. The principal new development contained in the Consultation is that it establishes a novel administrative criterion on the nature for VAT purposes of amounts paid for the temporary occupation of land, declaring that contrary to other previous consultations (in particular CV 1041-13) such temporary occupation should not form part of the taxable base for the tax.

On the matter of the amount received by the company in compensation for the harm caused by the unlawful occupation of the land, the Consultation asserts that it would not be considered consideration for any transaction subject to VAT, as the amount does not correspond to consideration for an occupation that was not permitted – there not, therefore, being any legal link between the parties – but to compensation for the loss and harm caused to the company by such occupation. (more…)


On 25 January, the “III Technical Workshop on Unit-Linked Insurance” took place at the Hotel Villa Magna in Madrid, organised by Varilo Insurance Broker and sponsored by Swiss Life, Utmost, and Cardif Lux Vie, among others.

Invited to speak by the organiser, Natalia Garzón Pacheco, partner responsible for the tax department at CORTÉS, ABOGADOS, delivered a paper entitled, “Insurance and the Gift Tax: Tax Ruling V0864-18” about the tax implications of Unit-Linked life insurance on the Inheritance and Gift Tax in the wake of the Spanish Tax Authorities’ recent pronouncement on binding Ruling V0864-18 of 28 March 2018.

Natalia Garzón stressed the importance of this Ruling for legal certainty in the tax treatment of Unit-Linked life insurance, insofar as it clearly establishes the essential elements of the tax, such as: the object burdened by the tax, the taxable event, and the moment when obligation to pay Inheritance and Gift Tax arises, allowing for interpretation on the other taxation precepts related to this tax.


International Meeting on Corporate Governance and Gender Equality: The Reality and current regulatory trends

The “International Meeting on Corporate Governance and Gender Equality: The Reality and current regulatory trends” [“Congreso Internacional sobre Gobierno Corporativo e Igualdad de Género“. Realidad y tendencias regulatorias actuales] will be held at the Universidad San Pablo-CEU, Facultad de Ciencias Económicas y Empresariales [San Pablo-CEU University, School of Economic Science and Business] this coming 15 and 16 November 2018.

Among other participants, the meeting will feature, in particular, Dr. Prof. Luis J. Cortés Domínguez, Founding Partner of CORTÉS, ABOGADOS, as moderator, along with Dr. Adoración Pérez Troya, Professor of Commercial Law, Universidad de Alcalá de Henares [University of Alcalá de Henares], and Dr. Ana Sala Andrés, also a partner in the CORTÉS, ABOGADOS, who will speak on “Gender Diversity in the Code of Good Governance and Spain’s Corporate Enterprises Act” [“La diversidad de género en el Código de Buen Gobierno y la Ley de Sociedades de Capital”].