Strengthening of legal safety. Manuel de Vicente-Tutor and Irene Carrera

Autor:

Source: Expansión

Tuesday 12th of July 2016

Manuel de Vicente-Tutor and Irene Carrera, managing partner and manager of EQUIPO ECONOMICO, respectively, call attention to the importance of the Constitutional Court ruling last 23 June 2016. This concludes a highly significant controversy regarding taxation of options on shares in the scope of Income Tax and rules out the technique used at times by the legislator that attempts to resolve conflicts by means of changes to the law that aim to resolve not only future legal situations but also past situations and those pending resolutions in the courts. The ruling is important beyond the specific case and should be analyzed in detail given the possible extension of its effects, for example, to the non-applicability of the obligation to declare assets abroad.