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...
In a recent resolution of 17 July 2020, the Spanish Central Court (TEAC) has retaken again the issue about the tax deduction of Directors fees. In its resolution, the TEAC has resolved that, if the formalities required in the Commercial Law regulations are not...
Spanish Corporate income tax regulations permit the application of a partial exemption on income deriving from the lease or sale of qualifying intangible assets. This scheme is commonly known as “Patent box”. This tax incentive aims at stimulating...
In a recent resolution, the Spanish Accounting and Audit Institute (ICAC – Nº 1 BOICAC 122 / June 2020) resolves on the accounting treatment of the costs to be assumed by companies in Temporary Employee Redundancy schemes (“ERTE”) in which they can significantly...
The amounts paid by employers to compensate normal lodging expenses (living and accommodation) in restaurant, hotels and other hospitality establishments are exempt from Spanish Personal income tax and, hence, are not subject to Payroll withholding tax when, between...
Interest deriving from profit sharing loans granted as from June 20, 2014, by group companies, either resident or not, are not tax deductible from the Spanish Corporation taxable base. The Spanish General Directorate of Taxes holds the view that a current change in a...