On September 23, 2009, Decree-Law 249/2009 was issued, introducing a new tax system for the personal income tax (IRPF) aimed at non-residents in Portugal. This Decree-Law came into effect on January 1, 2009, regarding taxation in Portugal. Benefits and advantages of this tax regime in Portugal The non-regular resident system, implemented in 2009, resulted… Continue reading Tax advisor: Portugal is ending its tax benefits, and opportunities of Beckham Law in Spain
Tag: Access to electronic data
Tax advisor: The DGT (Spanish Tax Agency) assesses the deductibility of RETA (Special Regime for Self-Employed Workers) contributions for a self-employed individual who receives earnings as an administrator and others as income from economic activity
In a consultation from March of this year, the DGT (Spanish Tax Agency) expressed its opinion on the deductibility of the RETA (Special Regime for Self-Employed Workers) flat-rate contribution for the self-employed individual in their Personal Income Tax (IRPF) return when engaging in more than one activity (one as a corporate administrator and another under… Continue reading Tax advisor: The DGT (Spanish Tax Agency) assesses the deductibility of RETA (Special Regime for Self-Employed Workers) contributions for a self-employed individual who receives earnings as an administrator and others as income from economic activity
Tax advisor: The Constitutional Court will discuss the constitutionality of the Temporary Solidarity Tax on Large Fortunes on Tuesday
The matter has been included in the agenda of the next session of the court to discuss the appeal filed by the Community of Madrid against this temporary tax. The Constitutional Court will examine the legitimacy of the temporary tax on large fortunes on October 24. The Plenary Session of the highest authority in the… Continue reading Tax advisor: The Constitutional Court will discuss the constitutionality of the Temporary Solidarity Tax on Large Fortunes on Tuesday
Tax advisor: Key updates on Property Tax (IBI): exemptions, valuations, and compatibility
In three binding consultations in July, the General Tax Directorate (DGT) addresses various issues related to the Property Tax (IBI). The most notable novelty is the IBI exemption for properties owned by agricultural or livestock operators that are linked to such activities and have experienced a decrease in net income of at least 20% in… Continue reading Tax advisor: Key updates on Property Tax (IBI): exemptions, valuations, and compatibility
Tax advisor: Challenges of the taxation in corporate spin-offs: TSJ of Castilla y León Case
The Court fails to understand why a requirement that is originally of a commercial nature and optional, such as qualitative proportionality, can become an insurmountable obstacle for certain total divisions, particularly in the case of companies with a single economic activity that cannot be divided into more than one business area, preventing them from benefiting… Continue reading Tax advisor: Challenges of the taxation in corporate spin-offs: TSJ of Castilla y León Case
Tax advisor: Taxation of dividends and its impact on investment
Dividends represent the way companies reward their shareholders, but they are subject to different taxation compared to stock gains. Even though both are taxed at the same rates within the savings income categories, dividends are classified as movable capital income, while stock gains and losses are considered gains and losses on equity assets. This has… Continue reading Tax advisor: Taxation of dividends and its impact on investment
Tax advisor: The anticipation of an imminent ruling by the Constitutional Court on the Temporary Solidarity Tax on Large Fortunes puts pressure on those taxpayers who have not yet appealed it
The judges of the Constitutional Court foresee resolving the constitutional challenges from the autonomous communities against the Temporary Wealth Tax in just two weeks. The crucial decision regarding the new tax on large fortunes, promoted by the Ministry of Finance and challenged by several autonomous governments, is approaching. The Constitutional Court will rule on its… Continue reading Tax advisor: The anticipation of an imminent ruling by the Constitutional Court on the Temporary Solidarity Tax on Large Fortunes puts pressure on those taxpayers who have not yet appealed it
Tax advisor: The General Directorate of Taxes comments on the obligation to report virtual currencies
In the most recent binding consultation, issued on August 1st, 2023, the General Directorate of Taxes has responded to a question regarding the obligation to declare ownership of cryptocurrencies using Form 721. In this context, it indicates that if the total balances referred to in section 3.c) of article 42 quater of the RGAT, which… Continue reading Tax advisor: The General Directorate of Taxes comments on the obligation to report virtual currencies
Tax advisor: The Supreme Court rules that the tax authorities cannot access electronic devices during an inspection except in specific cases and under strict judicial control
The Supreme Court, in a press release on its website, has announced the verdict of its resolution addressing the appeal case 4542/2021. It establishes a precedent that the conditions set forth in the doctrine promulgated by the Supreme Court [Refer to judgments dated October 10, 2019, appeal case No. 2818/2017 (NFJ075314), October 1, 2020, appeal… Continue reading Tax advisor: The Supreme Court rules that the tax authorities cannot access electronic devices during an inspection except in specific cases and under strict judicial control