New Spanish tax on non-reusable plastic packaging
On Jan. 01, 2023, a new tax on non-reusable plastic packaging shall enter into force in Spain and it will levy the use in the Spanish territory of non-reusable packaging containing plastic, whether these are empty or containing goods. It is a tax measure to foment...
Spanish accounting of Phantom Shares plans
The Spanish Accounting and Audit Institute (ICAC), in its gazette no. 131 of September 2022, reminds us of the accounting treatment of the expenses derived from the remuneration plan for certain employees by a related entity. This is a plan that is established as a...
New Spanish tax measures to improve the energy efficiency of companies and individuals
In a context of energy uncertainty derived from the geopolitical situation in Europe, Spain has approved new tax measures in the field of Personal and Corporate income tax aimed at improving the energy efficiency of companies and individuals. While the measure in the...
The Spanish Supreme Court clarifies when financial expenses are not gifts or donations
The Spanish Supreme Court (SC) has determined, in recent Court resolutions of July this year, the tax deductibility of financial expenses derived from loans to distribute dividends or purchase own shares. In such resolutions, the controversial issue is to determine...