The spanish courts open up the possibility of offsetting negative tax losses by rectifying tax returns

This article analyses the way opened by the Spanish Court (Audiencia Nacional) with a tax ruling of December 2020 to offset tax losses by rectifying tax returns. That ruling concludes that offsetting tax losses is not a tax option to be exercised with the submission of the tax return, but a right of the taxpayer, and that is a relevant change in the trend followed by the tax administration in the recent years.