Taxes are often the last consideration when contemplating the possibility of moving out of Spain, unless it is with the explicit goal of reducing the tax burden. Nevertheless, taxes will remain a reality, not only in the new country of residence but also in relation to the decision to cease being a tax resident in… Continue reading Tax Advisor: Exit Tax in Spain: Implications and Strategies
Author: buleboo
Tax Advisor: Beneficial Taxation: Approval of Form 151 and Updates to the Beckham Law and Startup
The Ministry of Finance has approved the newly created Form 151, providing foreign employees with the opportunity to benefit from the Beckham Law, a special tax regime designed for those who have returned to the country. Expanding Tax Benefits: Attracting Talent with the Startup Law In order to encourage talent attraction, the Startup Law… Continue reading Tax Advisor: Beneficial Taxation: Approval of Form 151 and Updates to the Beckham Law and Startup
Tax Advisor: Exit Tax in Spain: Exclusions, Deadlines, and Tax Strategies
In Spain, “Exit Tax” entails an additional payment for taxpayers with certain assets when changing their tax residence outside the country, linked to the Personal Income Tax (IRPF). This obligation, established in 2015 and common in the European Union, aims to distribute tax authority among member states. It applies to latent gains for those relocating… Continue reading Tax Advisor: Exit Tax in Spain: Exclusions, Deadlines, and Tax Strategies
Tax Advisor: The new models 149 and 151
Order HFP/1338/2023, published in the BOE on December 15, 2023, approves model 151 for the Declaration of the Personal Income Tax (IRPF) for taxpayers under the special regime of workers displaced to Spain, along with model 149 for Communication to choose to be taxed under said regime. These models reflect the latest modifications in the… Continue reading Tax Advisor: The new models 149 and 151
Tax Advisor: Timelines and Regulations: Updates and Deadlines in the Tax Regime for Individuals Relocating to Spain
The Law 28/2022, dated December 21, promoting the development of the startup ecosystem, introduced modifications to the special tax regime for individuals relocating to Spain (impatriates), effective from January 1, 2023. These changes include an expansion of the subjective scope, as detailed in our publication on the Startup Law of December 22, 2022. From 2023… Continue reading Tax Advisor: Timelines and Regulations: Updates and Deadlines in the Tax Regime for Individuals Relocating to Spain
Tax Advisor: The Constitutional Court Rejects Appeals Against the Wealth Tax: Analysis and Jurisprudential Doctrine
The Full Court of the Constitutional Court has rejected the appeals of unconstitutionality filed by the Assembly of Madrid and the Regional Government Council of the Region of Murcia against the Temporary Solidarity Tax on Large Fortunes (Wealth Tax) (ITSGF), established by Law 38/2022 of December 27 and detailed in its article 3. These appeals… Continue reading Tax Advisor: The Constitutional Court Rejects Appeals Against the Wealth Tax: Analysis and Jurisprudential Doctrine
The donation of shares
The donation of shares can be a valuable instrument in the context of corporate reorganization, allowing entrepreneurs to plan generational succession and transfer control of the company to their heirs or other family members. In this article, the most significant aspects of the donation of shares are examined from a corporate perspective. Capacity and… Continue reading The donation of shares
Digital nomads and other collectives arriving in 2022 and 2023 will be able to retroactively apply for the ‘Beckham Law’.
On December 7, 2023, Royal Decree 1008/2023, of December 5, 2023, which amends the Personal Income Tax Regulations, came into force. Among the main modifications, the adaptation of the “Beckham Law” application procedure stands out, for those new groups that want to apply to the regime as a result of the modifications of the Personal… Continue reading Digital nomads and other collectives arriving in 2022 and 2023 will be able to retroactively apply for the ‘Beckham Law’.
Tax advisor: Tax Modifications 2023: Updates in RIRPF and RIS Regulations
RIRPF : Personal Income Tax Regulation . RIS : Non-Resident Income Tax Regulation The Royal Decree 1008/2023, in effect since December 7, 2023, introduces changes to the Personal Income Tax Regulations and Corporate Income Tax Regulations. The modifications cover aspects such as fringe benefits, maternity deduction, declaration requirements, advance payments, and the special regime applicable… Continue reading Tax advisor: Tax Modifications 2023: Updates in RIRPF and RIS Regulations
Tax advisor: Regulation for the Modernization of Invoicing Systems in Spain
The regulation, approved by Royal Decree 1007/2023 and published in the Official State Gazette on December 6, establishes requirements for computer systems in invoicing processes. Its main purpose is to standardize the formats of invoicing records, in compliance with Law 11/2021 against tax fraud. It aims to ensure the uniformity of invoicing systems, prevent the… Continue reading Tax advisor: Regulation for the Modernization of Invoicing Systems in Spain