Spanish taxation of Stock options as a remuneration scheme for employees
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
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.
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...
Tax credits to avoid double taxation: which order must be followed
We are in the middle of the Corporate Income Tax (CIT) filing season for tax returns corresponding to the fiscal year 2021 and it is time to consider the applicable regulations and doctrine concerning this tax. When your company, resident in Spain, the taxpayer of the...