ACCID nº 1/2024

May 17, 2024Informative notes

Accounting news
International news
  • The IFRS Foundation (International Financial Reporting Standards) and EFRAG (European Financial Reporting Advisory Group) publish guidance material on sustainability. [+Info]
They describe the compatibility of application between the International Sustainability Standards Board’s IFRS Sustainability Disclosure Standards and the European Sustainability Reporting Standards (IFRS) and how a company can apply both sets of standards.
  • IFRS publishes a monthly news summary for the month of April 2024. [+Info]
  • The summary of the March 2024 Accounting Standards Advisory Forum meeting is now available. [+Info]

National News (Spanish taxation)

Criteria of the Courts 

  • The Constitutional Court will rule on the unconstitutionality of the Inheritance and Gift Tax. [+Info]

The Plenary of the Constitutional Court admits the conflict between constitutional bodies promoted by the Government against the Senate for the processing of a bill repealing the Inheritance and Gift Tax and following appeals of unconstitutionality.

  • The 4 year limitation period of the Administration’s right to determine the tax debt is counted from date to date. [+Info]

The new ruling of the Supreme Court determines that the four-year statute of limitations period of the Administration’s right to determine the tax debt through the appropriate assessment is to be computed from date to date, regardless of whether the last day of said period is a business day or a non-business day.

CNMV Communications

  • The CNMV (Comisión Nacional del Mercado de Valores) publishes the annual report on the supervision of the Annual Accounts of the issuing companies for fiscal year 2022. [+Info]

Tax Agency queries of interest.

  • General Subdirectorate of Consumption Taxes.

The consulting entity, within the framework of a corporate restructuring operation, is considering to spin off its payment methods business unit and to contribute it to an existing company of its group. It wishes to know if it is subject to Value Added Tax on the transfer of this business and to know the subrogation of the acquirer in the position of the transferor in the restructuring operation.

Binding consultation of the Directorate General of Taxes No. V1018-23. [+Info]


Barcelona, 17th May 2024.

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