Spain: Amortization of intangible assets, goodwill

Spain: Amortization of intangible assets, goodwill

The corporate income tax treatment of intangible assets and goodwill is amended, effective beginning in 2016. Under law officially published in July 2015, the previous distinction between intangible assets with a defined useful life (e.g., patents) and those with an undefined useful life (e.g., goodwill) is revised. For corporate income tax purposes, goodwill (if it cannot be reliably determined) may be amortized, subject to an annual limit of 5%.


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Read a September 2015 report [PDF 73 KB] prepared by the KPMG member firm in Spain: New corporate income tax treatment of intangible assets and goodwill following enactment of the new Audit Law

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