Spain has tightened its legal regime for certain types of foreign investments in order to protect its most vulnerable economic sectors, by introducing changes in Law 19/2003, of July 4, on the Legal Regime of Movements of Capital and Economic Transactions Abroad. The origin of the changes lies in Regulation (EU) 2019/452, of the European… Continue reading New regime for certain types of foreign investments in Spain
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Passenger Name Record
On September 17, Organic Law 1/2020, of September 16, was published in the BOE on the use of data from the Passenger Name Record for the prevention, detection, investigation and prosecution of terrorist offences and serious crimes. This regulation is transposed from Directive (EU) 2016/681 of the European Parliament and of the Council and was… Continue reading Passenger Name Record
New guidelines on the use of cookies to be implemented before October 31, 2020
The European Data Protection Board (EDPB) has reviewed the 05/2020 Guidelines on consent to the use of cookies. The new criteria on the use of cookies are based mainly on the consideration that the option “continue browsing” does not constitute a valid way of giving consent by users. In addition, with respect to the use… Continue reading New guidelines on the use of cookies to be implemented before October 31, 2020
The Supreme Court repeals the municipal tax on empty housing
The Supreme Court establishes jurisprudence by issuing a judgment which has repealed the taxes applied to empty flats by the Badalona Town Hall because they are considered “irregular” and even “arbitrary”. The Badalona Town Hall unanimously agreed to impose a tax on those empty flats owned by banks and real estate investment funds. The Supreme… Continue reading The Supreme Court repeals the municipal tax on empty housing
The Constitutional Court declares unconstitutional the regulation on installment payments of Corporate Income Tax
On July 1, the Constitutional Court has reported, by means of an information note, that it has declared as unconstitutional the regulation of installment payments on Corporate Income Tax approved by the Royal Decree-Law 2/2016, of September 30. The aforementioned regulation had introduced a series of modifications in the calculation of the installment payments for… Continue reading The Constitutional Court declares unconstitutional the regulation on installment payments of Corporate Income Tax
COVID-19: New deadlines for the preparation of the annual accounts, legalization of accounting books, approval of the annual accounts and deposit at the Commercial Registry
Due to the health crisis caused by COVID-19, on March 17, exceptional measures were adopted regarding the regulation of the deadlines for the preparation, legalization and approval of the annual accounts, which decreed that the deadlines would start from the end of the state of emergency. Royal Decree-Law 19/2020, of May 26, published in the… Continue reading COVID-19: New deadlines for the preparation of the annual accounts, legalization of accounting books, approval of the annual accounts and deposit at the Commercial Registry