On 30 October 2012, the Official Gazette published Law 7/2012, of 29 October 2012, which modifies tax and Budget legislation in order to prevent and fight tax fraud. The Law generally applies from the day after its publication. The main tax modifications introduced by the Law are summarized below. General tax law The Law 7/2012 modifies many articles of the general tax law. The most important changes are related to the following issues: -   In case of disolution and liquidation of entities, the shareholders will be liable to the tax liabilities of the entity taking into account the refunds...