A step forward in the implementation of the minimum Corporate Income Tax for multinationals
The Spanish Government has launched a public consultation, prior to elaborating the draft bill, the rule that has to transpose to Spanish regulations the EU Directive to ensure a minimum global Corporate Income Tax for multinationals and enterprises within the...
Spanish tax authorities focus on tax residency controls
Like every year, the Spanish tax authorities Directorate has approved the general guidelines of the Annual Plan for Tax Control. These make references to the lines of action to prevent and control fraud that are considered more relevant. Thus, they reinforce actions...
Good news for the Spanish encashment of tax credits
Spanish Corporate Income Tax requires large enterprises and tax consolidation groups to pay a minimum taxation of 15%, which limits the application of tax credits to foment certain economic activities (such as R&D and Technological Innovation, film productions,...
Technological Innovation tax credit: A new criterion of the Spanish National Court
In a recent Sentence, the Spanish National Court has changed its point of view and now considers that software development expenses do not form part of the basis of the Technological innovation (TI) tax credit, even though the taxpayer has a Reasoned Report from the...