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