Autore: Fèlix Castells

The Temporary Solidarity Tax on Large Fortunes (ISGF) is a direct tax, personal in nature, and complementary to the Wealth Tax (IP). It taxes the net wealth of individuals exceeding € 3,000,000, making it a relevant element for planning and compliance for high-net-worth individuals with a Spanish connection. As it’s also the case with the… Continua a leggere Updates on the Temporary Solidarity Tax on Large Fortunes (ISGF) for Non-Residents

Law 7/2024, of December 20, has introduced a reform of the Corporate Income Tax rates that will benefit small and medium-sized enterprises over the coming years. The amendment of the tax rates is already applicable from the current tax year 2025 and will be implemented progressively through to tax year 2029. The reform is being… Continua a leggere Gradual Reduction of the Corporate Income Tax Rate

In order to improve tax control of the taxable events that may arise from the holding and operation of virtual currencies, new reporting obligations on cryptocurrencies have been introduced, which were regulated by Law 11/2021, of 9 July, on measures to prevent and combat tax fraud and by Law 5/2022, of 9 March, amending the… Continua a leggere New reporting obligations on cryptocurrencies

On 28 December 2022, Law 38/2022 of 27 December was published in the Official State Gazette (BOE) for the establishment of temporary energy taxes and credit institutions and financial credit establishments, creating the Solidarity Tax on Large Fortunes and amending certain tax regulations. This new tax is of a state nature and is complementary to… Continua a leggere Solidarity Tax on Large Fortunes

Last September 29, 2022, Law 18/2022, of September 28, on the creation and growth of companies, was published in the BOE, which, among other measures, approved the use of electronic invoices as mandatory for all companies and self-employed individuals in their commercial relations. This law establishes the following obligations: 1. Obligation for all companies and… Continua a leggere Mandatory electronic invoice

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… Continua a leggere The Constitutional Court declares unconstitutional the regulation on installment payments of Corporate Income Tax