On Tuesday 17/03/20, the Spanish Government announced the following emergency economic measures to help businesses and workers during this difficult period: Temporary lay-offs and short-time working (ERTE) Force majeure: companies that have to suspend employment contracts or reduce working hours during the state of emergency as a direct consequence...
Read More
First urgent measures only for SMEs In connection with the coronavirus emergency, the Spanish authorities have imposed the following tax and social security measures. Please note: more measures are expected to be added in the coming days and weeks. Deferral of SME taxes Tax payments for which tax returns...
The ‘digital nomad’ was an unknown concept until a few years ago. Today it is an increasingly common professional profile. But what about paying taxes for this growing group of professionals? With the digitization of the economy, new business models require little or no physical presence in the...
Whoever owns art should always make sure to keep all the papers relating to value and ownership. At the time of sale, you want to make sure you don’t end up paying tax on the entire sale price. Normally, residents of Spain who sell art works pay taxes according...
Companies in Spain that sponsor sports talent can save up to 90% of the sponsor amount on their corporation tax! Interesting for both brand awareness and finances, but only suitable for companies with large budgets. We explain how it works and for those interested, we’ll introduce a talent. Imagine:...
If you are considering making a structural contribution to non-profit organizations, the Spanish tax system offers opportunities to do something for society. This applies to both large and smaller contributions. In the world of charity, everything is welcome, and many a little makes a mickle. Make the...
45 minutes. That is the time the Spanish tax office Hacienda needs to detect tax fraud in the case of big fortunes thanks to the use of big data. From now on it will be a lot harder for Spanish business people, bankers, politicians, athletes and artists to stay...
The Spanish tax authorities will pay extra attention this year to tax returns inspections in the case of large assets, financial technologies, online sales and crypto currency, according to the Tax Inspection Plan 2019. Spanish tax authorities focus on assets, fintech, e-commerce and cryptocurrencies The definitive implementation...
The Spanish tax authorities want to reward tax advisers who inform about violations and tax evasion with preferential treatment. For this purpose the tax authorities have presented a Code of Best Tax Practices to associations for tax advisers. The endorsement of the code is voluntary. Tax authorities are...
The Spanish tax authorities have again created a bonus of 95 million euros as part of the “Special Increase Inspection Plan” for 2019. – Target: 150 billion income tax and IVA The amount of money rewarded by the Spanish tax authorities is the same as in 2018, but in...