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...
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 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...
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....
The Spanish Government has recently approved the draft of the 2021 General Budget Law that has been sent to the Spanish Parliament for its final processing. Subject to the eventual changes that the text may suffer during its parliamentary procedure, it is worth...
The Spanish General Directorate of Taxes (GDT) ignores the OECD recommendations of not taking into account the days of presence in a territory due to the state of alarm and computes them within the 183 days period that is used to determine the tax residence of...