PORTAL INSTITUCIONAL DEL MINISTERIO DE HACIENDA

Authorisations. Prior valuation agreements between associated people

Valuation by the Tax Administration of operations that will be carried out between associated people or entities prior to enforcement, based on the proposal made by the tax. The valuation agreement will take effect in relation to the operations carried out after the date on which it is approved and will be valid for the tax periods established in said agreement, which may not be more than the four tax periods following the date on which it is approved. Furthermore, its effect may be extended to operations of the tax period in question, as well as the operations carried out during the previous tax period, provided that the voluntary deadline for making a tax return has not expired.