REIT: what it is, how it works and tax advantages

expertos-en, Taxation

Investing in Spanish real estate, if adequately structured, can benefit from special schemes offered by Spanish Tax Laws, that may significantly reduce the standard Corporate income taxation rate of 25%. Despite COVID 19 may have affected the real estate market, the...

Brexit: Spanish VAT refund to UK companies

expertos-en, International, Taxation

On January 04, 2021, the Spanish General Directorate of Taxes (GDT) has issued a Resolution clarifying doubts affecting the VAT refund to companies or entrepreneurs established in the UK and in Northern Ireland. As a consequence of the Brexit Agreement, the UK...

Teleworking in Spain: Taxes for national and foreign companies

expertos-en, International, Taxation

Teleworking consequences on Spanish “IAE” In a recent binding consultation, the Spanish General Directorate of Taxes (GDT) has clarified that companies are not obliged to register for IAE purposes (the Local Tax on Economic Activity) in the municipalties...

Learn on the main Spanish tax consequences deriving from Brexit

expertos-en, International, Taxation

As a consequence of the Agreement of the UK’s withdrawal from the European Union, a transitory period was established up until December 31, 2020, during which the EU legislation has been kept in relation to the internal market, the customs union and the EU policies....

Spanish anti fraud legislation about to be passed

expertos-en, Other taxes

The draft Law for the prevention and fight of tax fraud is currently under negotiaton in the Spanish Parliament, after its approval by the Council of Ministers on Oct. 13, 2020. The text includes several measures affecting different taxes as well as the General tax...

World tax challenges in digital economy

expertos-en, International

The OECD has recently released that the International community has renewed commitment to address tax challenges from digitalisation of the economy. The OECD / G20 Inclusive Framework on BEPS, which groups 137 countries and jurisdictions, agreed during its 8-9 October...