The Spanish Supreme Court clarifies when financial expenses are not gifts or donations

expertos-en, Taxation

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...

Spanish taxation that lies ahead in 2023

expertos-en, Taxation

The Spanish Government has started working on a series of tax measures aimed at social justice and economic efficiency, which are expected to come into force over the next two years. According to the Spanish Finance Ministry, these are considered surgical measures to...

Spanish Law to Create and Grow: mandatory electronic invoicing

expertos-en, Taxation

The Spanish Law called “Create and Grow” (“Crea y Crece”) is one of the main reforms of the Spanish Recuperation, Transformation, and Resilience Plan, aimed at fomenting the dynamism of the productive framework and providing answers to the demands and...

Spanish taxation of Stock options as a remuneration scheme for employees

expertos-en, Taxation

Stock options are a typical remuneration formula that allows employees, within a period, to acquire shares from their employers or another group company, for free or with a discount. Their purpose is to incentivize and retain employees while rewarding them according...

The Spanish Supreme Court accepts the tax deduction of employment income derived by a major shareholder

expertos-en, Taxation

In two recent judgements, the Spanish Supreme Court (SC) accepts the tax deduction of employment income derived by a major shareholder that is not the company’s director. The SC brings a new approach to the criterion formerly applied by the Spanish Tax Agency (STA)...

The possibility for company directors and advisers to benefit from the exemption for works carried out overseas.

expertos-en, Taxation

In a recent resolution, the Spanish Supreme Court (SC) clarifies that company directors and advisers can benefit from the exemption for works carried out overseas regulated in the Spanish Personal income tax Law, more concretely, in its article 7 p). The SC considers...