Special Legislation for Particular Goods in Spain

At times, the standard or regular laws on advertisements are not sufficient with regard to several types of products. This is usually because these products relate to health or they are products that are used frequently and therefore need more regulation. This is usually the case with products such as alcohol, tobacco, pharmaceuticals, etc. The laws on advertisement concerning pharmaceuticals are especially strict and detailed to ensure that no misleading advertisements are published.

Read more

Court approval of refinancing agreements in Spain

The majority of Spanish bankruptcy proceedings end in favor of the debtor. The preliminary phases aim to achieve continuity of businesses that are in critical financial situations. Judicial approval is tantamount to a quasi-automatic resolution of a refinancing agreement, which put minority dissenting creditors at major disadvantages.

Read more

Who is obligated to withhold and pay tax to the Spanish Treasury?

In Spain, subjects obliged to withhold and pay tax to the Spanish Treasury are paymasters. The issuer of an invoice is not required to inform paymasters whether or not they are subject to the withholding tax or the percentage to be withheld. The person responsible to the Spanish Treasury is the one who receives the invoice, not the one who issued it.

Read more

Offshore companies

Offshore Companies, legal or illegal?

Offshore companies are incorporated with the aim of managing, registering, conducting or operating businesses in foreign countries (any country outside of which the business was originally registered and/or the place of residence of the shareholders and board of directors).

Read more

Offshore companies

The truth behind offshore companies, legal or illegal?

Businesses are relocating and setting up in foreign countries to avoid paying taxes in their home countries. This is having a negative impact on the EU. The EU Commission is currently trying to crack down on multinationals using tax avoidance, tax evasion and tax fraud.

Read more

Regulation of advertisements in Spain

Advertising is a topic that can be divided into multiple categories, which all have their own laws that govern them. However, the General Advertising Law remains the main law on advertising in Spain. The law not only governs how advertising must be carried out, but it also defines specific terms related to the relevant type of advertisement.

Read more