With the publication of Law 13/2023, in May last year, a new tool aimed at improving compliance with our tax obligations was introduced: the rectifying self-assessment. This law anticipated the possibility of establishing a single system for correcting self-assessments, replacing the current dual method comprising both the filing of complementary self-assessments and the request for… Continue reading Everything you need to know about the self assessment rectificative tax return
Author: Elena Fernandez
New jurisprudence on asset-holding companies
According to the Audiencia Nacional in the present case, it can be inferred that, given the circumstances and evidence presented, the plaintiff company is not carrying out an economic activity as defined by the regulations. Therefore, it cannot be said that more than 50% of its assets are dedicated to an economic activity. The Judgment… Continue reading New jurisprudence on asset-holding companies
The Supreme Court Establishes a New Prescription Period and Criteria for Director Liability Actions regarding Social Debts
The Supreme Court (TS), in a recent decision, has outlined new parameters for the prescription and action of liability against directors regarding social debts. This resolution, of paramount importance in the corporate legal field, clarifies the regulatory framework applicable to director liability in situations of social debts. Previous doctrinal debate revolved around the prescription period… Continue reading The Supreme Court Establishes a New Prescription Period and Criteria for Director Liability Actions regarding Social Debts
Modifications introduced in the Beckham Lay by the Startups Law
With the aim of attracting new talent to the country, modifications were made to Law 28/2022, of December 21, on the promotion of the startup ecosystem, better known as the “Startups Law”, which has brought significant changes to the regulation of the special regime for Personal Income Tax (IRPF). These modifications came into effect on… Continue reading Modifications introduced in the Beckham Lay by the Startups Law
Exit tax in spain 2024: do i have to pay taxes if i leave spain?
The “Exit Tax”, also known as exit tax, aims to tax the transfer of assets out of Spain, thus preventing individuals and companies from moving their assets to jurisdictions with more favourable tax regimes. This tax will not apply in cases where the change of residence is made to another Member State of the European… Continue reading Exit tax in spain 2024: do i have to pay taxes if i leave spain?
Temporary tax on large fortunes in spain: what now?
Following its declaration as constitutional, an extension of Royal Decree-Law 8/2023 has been approved, extending its validity indefinitely. Several autonomous communities have adjusted their Wealth Tax regulations in order to maximise the collection of wealth tax. On 28 December 2022, Law 38/2022 was published in the Official State Gazette (BOE), which, in its Article 3,… Continue reading Temporary tax on large fortunes in spain: what now?
Legal changes related to Wealth Tax
Following the declaration of constitutionality, Royal Decree-Law 8/2023 has been extended indefinitely, and several Autonomous Communities have made adjustments to their Wealth Tax regulations in order to attract revenue from this state tax. In this context, it is advisable to carry out a thorough review of both individual and family wealth to mitigate its impact.… Continue reading Legal changes related to Wealth Tax
New deductions for the purchase of electric vehicles in 2024
In recent months, regulations have come into force that benefit those who have purchased electric vehicles. Likewise, these tax modifications, in force since last year, will positively affect those who purchase battery recharging systems for electric cars. Specifically, article 189 of Royal Decree-Law 5/2023, of 28 June, introduces two additional deductions in Personal Income Tax… Continue reading New deductions for the purchase of electric vehicles in 2024
Contradictory expert appraisal is not applicable in the valuation of unlistedcompany shares according to legal regulations
The Supreme Court ruled that the contradictory expert appraisal is not applicable in the valuation of non-listed company shares according to legal regulations. The Court examined whether the transmission value of shares in a non-listed company, calculated according to the criteria established in the mentioned article, could be reviewed through contradictory expert appraisal. This article… Continue reading Contradictory expert appraisal is not applicable in the valuation of unlistedcompany shares according to legal regulations