The Spanish Tax Agency is working on two tax forms to declare digital currencies to the tax authorities. These are the ‘Modelo 172’, an informative model in order to declare balances, and ‘Modelo 173’, an informative model for the declaration of crypto transactions. The ministry recently introduced new...
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The Spanish Tax Office is finalizing a regulation to require investors and crypto asset service companies to declare all information about their virtual currencies in Spain and abroad from January 1, 2022 on an annual basis. Hacienda is finalizing a specific regulation for cryptos. It is the intention that...
Capital gain on selling within a year now also taxed Spain has new regulations in the field of municipal capital gains tax in November 2021. Capital gain tax is now calculated according to two methods. Sellers can choose to pay tax on the cadastral value or on the difference...
Spanish High Courts rules that the Spanish Tax Authorities (Hacienda Pública) cannot take action against people and companies before any ruling has been handed down, in cases where an appeal has been filed. Previous to this judgement Hacienda used to start the execution process against people deemed debtors by Hacienda, even if court...
The Spanish government will most probably announce next week additional measures for companies that apply the temporary termination of employment contracts or the reduction of working hours as a direct consequence of the COVID19 crisis (ERTE Force Majeure). Here is a summary of our expectations: Untill 30 June and flexibility The...
Spanish government has presented a de-escalation plan for the country’s lockdown for (at least) the next 8 weeks, consisting of 4 phases. The keywords of economic measures are shown in bold. Phase 0: Prior This is the stage the country is currently in. During this phase, some light relief measures will be taken:...
The Spanish government offers entrepreneurs the opportunity to defer payment of business rentals in case business activity has been shut down by the government as a result of the state of emergency (such as catering or retail) or if, in case of continuing business activity, turnover has fallen by at least 75% compared to the same period last...
Spain has confirmed the expected decision on tax deferral. For companies with a turnover of up to 600,000 euros. Have you already presented your tax returns? No problem, the Spanish tax authorities will automatically collect taxes on May 20. New direct debit date: May 20 Companies and autónomos with a...
In order to ensure that the liquidity of Spanish companies would not be put under further strain during the emergency, the Spanish authorities have made it possible to defer the payment of social security contributions. With immediate effect, all companies, regardless of size or sector, can request a deferral...
Purpose: to prevent liquidity problems Because of the COVID-19 crisis, on March 24 the Spanish government announced a series of extraordinary measures to help companies face the economic and social impact. Some of these measures are aimed at assuring the liquidity of Spanish companies and entrepreneurs. The idea is that...