The recent Judgment of the Supreme Court of November 23, 2020 (No. 491/2019) has resolved an issue of great interest in tax matters: the scope of the concept of “prior requirement” for the purposes of imposing the surcharge of Article 27 of the General Tax Law, (hereinafter, LGT) for the presentation of an extemporaneous declaration “without prior requirement” or, where appropriate, of the corresponding sanction when it has been made “with prior requirement”.

The Council of Ministers has approved two standards that update the accounting and auditing framework, adapting it to European regulations, and that will help improve the quality of financial information and its supervision, thereby reinforcing investor confidence and the strength of capital markets.

Article 119 bis of Law 37/1992, of December 28, on Value Added Tax, constitutes the transposition of the content of the thirteenth Council Directive 86/560 / EEC, of ​​November 17, 1986