The sudden temporary closure of many businesses due to the COVID19 current scenario has caused them significant cash constraints. This negative cash flow can be somehow minimized through the appropriate tools offered by Spanish tax regulations previously to the...
With the purpose of modernising the current VAT system and avoid the cross – border fraud, in the last years, the EU Commission has been working in the proposal of amendments to the VAT Directive and the VAT Implementing Regulation for four different areas out of...
The VAT system permits the deduction of input VAT for the acquisition of assets and / or services that VAT taxpayers use in their entrepreneurial activity. The deduction of input VAT can only be limited or excluded in the cases specifically foreseen in the Tax Laws....
Developing commercial relationships in environments different from the working center, such as sports or social clubs, is a common practice in business activities. These clubs facilitate an atmosphere of wellbeing and efficiency to companies and professionals, which...
The General Directorate of Taxes (GDT) from the Spanish Ministry of Finance has resolved, in its Binding Consultation 0366 – 19, of February 20, which has to be the VAT treatment in relation to Flexible Compensation Plans that companies grant to their employees....
The Spanish General Directorate of Taxes (GDT) has rectified its criterion, by establishing which must be the treatment of input VAT in the acquisition or lease of business vehicles that are transferred to employees for their private use. The transfer of vehicles...