The new regulations will allow tax advice on the statute of limitations and expiration
The great economic and social impact of COVID-19 in Spain has caused the Tax Agency (AEAT) to suspend the administrative and tax filing deadlines. After the improvement of this sanitary crisis, the Government has published a new regulation that allows the resumption of these administrative terms, as well as those of prescription and expiration.
On May 22nd, Royal Decree 573/2020 was published, which expands the state of alarm in the territory. However, art. 9 of this regulation allows the computation of administrative deadlines from June 1st, 2020.
On the other hand the art. 10 of RD 573/2020 establishes that, from June 4th, 2020, the suspension of the limitation periods and the expiration of rights and actions will be lifted.
B Law & Tax
International Tax & Legal Advisors.