Dear Clients and Friends,
On march 1st., 2019, the judicial Official Gazette published a new mandatory jurisprudence issued by the Second Chamber of the Supreme Court stating that the payment of interest obtained from a refund of a favorable tax balance or from taxes unduly paid shall be considered as accruable income for purposes of the income Tax Law.
Should you have any cuestions or comments regarding the foregoing, please do not hesitate to call your usual contact in the Firm.
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