When can an dependent agent imply paying taxes in another jurisdiction
Double taxation treaties (DTT) are bilateral agreements between two Contracting States that distribute the taxation rights between them when an enterprise or an individual resident of one of the Contracting States generates income in the other Contracting State. They...
Hybrid mismatches: treatment in the Spanish Corporate income tax
On March 10, Royal Decree 04 / 2021 of 09 March was published in the Spanish Official Gazette to transpose into Spanish regulations EU Directive 2016 / 1164 (modified by EU Directve 2017 / 0952) which regulates hybrid mismatches. This regulation is passed for cases in...
REIT (Real estate investment trust): 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...