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...
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...
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...
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...
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...