By Linda Hall • 25 January 2023 • 14:27
MAHOU: Brewer’s €1.08 million tax fine cancelled
Photo credit: CC/Daniel Lobo
The Supreme Court in Madrid has cancelled the €1.08 million fine that Hacienda imposed on Maho in December 2014, owing to what it saw as irregularities in the Corporation Tax (IS) the company paid during 2008 and 2009.
The disagreement between Hacienda and Mahou centred on calculations for advertising and publicity spending on promoting major events which included the 2008-2009 Volvo Ocean Race and the Quijote Fifth Centenary.
In 2021, the National High Court in Madrid confirmed a 2018 ruling from the Central Economic Administrative Tribunal (TEAC) backing Mahou in its confrontation with Hacienda, prompting the brewer to lodge its subsequently successful appeal to the Supreme Court.
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Originally from the UK, Linda is based in Valenca and is a reporter for The Euro Weekly News covering local news. Got a news story you want to share?
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