Column in Diario Financiero: Tax Consequences of Corporate Restructurings to Apply the VAT Exemption for Professional Companies

By Jaime Preiss, partner in Legal Tax Consulting at CCL Auditores Consultores.

Read the full column in DF.

“Although the SII has stated that the fact that a company reorganizes to be taxed as a professional company in order to be exempt from VAT on its services does not constitute abuse or simulation in itself, certain acts may be subject to special anti-avoidance rules.”