New Tax Measures in Spain: Direct Impact on Companies
The Congress of Deputies approves significant tax measures impacting SMEs and large companies in Spain.
Taxation of the Most Common Incentive Plans in Spain
In Spain, there are various commonly used incentive plans. However, not all share the same objectives, characteristics, and tax implications. Understanding these consequences is essential for determining the plan that best fits the needs of the company and its employees.
Set up a Startup in Spain: Tax Benefits for Startups, Partners, and Employees
Spain has become one of the most attractive jurisdictions in Europe for setting up startups, thanks primarily to the tax benefits available to these companies, their partners, and their employees. These advantages help them become more competitive in the market.
ETVE Spain: A Tax-Efficient Entity for Optimizing Foreign Investment
Since 1995, Spain’s ETVE (Entidad de Tenencia de Valores Extranjeros) regime has provided an appealing tax structure for managing foreign investments. ETVEs allow minimal taxation on dividends and capital gains, taking advantage of Spain’s extensive double taxation treaties. This regime benefits investors by enabling efficient repatriation of funds and reducing overall tax liabilities.
How should a company face a tax audit in Spain?
There are different reasons why a company can be subject to a tax inspection: excessive VAT refunds, discrepancies between quarterly and annual models (…), or commonly for random reasons.
Can the company issue or receive invoices in foreign languages or currencies?
The tax regulation in Spain (Royal Decree 1619/2012) establishes the language and currency to invoice. The language of invoices The company can issue and receive invoices in any of the …
What is the special tax on real estate of non-resident companies?
Non-resident companies that own real estate in Spain are subject to the non-resident income tax by means of a special tax payable on 31 December of each year and which must be paid in January of the following year.
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.
New Electronic System for Registering VAT Books in Spain
From 1 January 2017, large companies and professionals registered in the VAT Refund Special Regime will be required to use the new system for registering VAT books through the electronic office of the Spanish Tax Administration Agency.
Tax evasion and the sanctions regime for foundations in Spain
In order to fight tax evasion only foundations respecting legal requirements will be entitled to receive subsidies and fiscal advantages in Spain.
