The Supreme Court (SC) has recently issued a decision that significantly redefines the legal landscape regarding directors’ liability for corporate debts in Spain. Instead of adhering to the general and common prescription period of four years, the TS determines that this prescription period will vary depending on the specific nature of the debt in question.… Continue reading Tax Advisor: The prescription period for liability of administrators for corporate debts
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Tag: Beckham law
Tax Advisor: Fiscal reforms at the national and regional levels in Spain in 2023.
The year 2023 concludes with notable Fiscal reforms . Among them, the ratification of the Wealth Tax by the Constitutional Court stands out, along with the abolition of the Inheritance and Gift Tax in certain Autonomous Communities such as Valencia and the Balearic Islands, following the elections on May 28. In Extremadura, the Property Tax… Continue reading Tax Advisor: Fiscal reforms at the national and regional levels in Spain in 2023.
Tax Advisor: Foreigners who arrived in 2022 and 2023 will be able to benefit from the Beckham Law retroactively.
The main topic of this article is teh Beckham Law retroactively . The legislator has finally resolved the uncertainty of displaced workers transferred to Spain in 2022 and 2023 to engage in entrepreneurial or high-skilled activities, according to the Startup Law of December 2022. These professionals had the option to avail themselves of the Beckham… Continue reading Tax Advisor: Foreigners who arrived in 2022 and 2023 will be able to benefit from the Beckham Law retroactively.
Tax Advisor: Beckham Law: Deadlines and Requirements to Benefit from the Tax Regime
The Personal Income Tax Regulation, as well as Model 149, used to request the expatriate regime, and Model 151, used for tax declaration by these taxpayers, have been adjusted to reflect the amendments incorporated in this area by the Startup Law. On December 6, 2023, Royal Decree 1008/2023 was published in the Official State Gazette… Continue reading Tax Advisor: Beckham Law: Deadlines and Requirements to Benefit from the Tax Regime
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
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: Spain as a Top Destination for Digital Nomads: Unraveling the Emerging Business Law
Spain advances in the ranking of the most attractive places for digital nomads after this modification in the regulations, as a result of the recent approval of the law promoting the development of the emerging business ecosystem (Law 28/2022, of December 21) or Startup Law. The changes and advantages introduced in the new regulation of… Continue reading Tax Advisor: Spain as a Top Destination for Digital Nomads: Unraveling the Emerging Business Law
Tax advisor: Beckham Law: pending regulatory development
Foreign workers planning to arrive in Spain in 2023 face some legal uncertainty due to the delay in the approval of the regulations for the ‘Beckham Law,’ which allows foreigners to be taxed through the Non-Resident Income Tax (IRNR) instead of the Personal Income Tax (IRPF), with a fixed rate of 24% up to 600,000… Continue reading Tax advisor: Beckham Law: pending regulatory development
Tax advisor: Can I deduct expenses for books and school supplies on my taxes?
With the beginning of each academic period, the purchase of textbooks and school supplies is required. However, in some situations and depending on the autonomous community of residence, these education-related costs can result in tax benefits on your Income Tax return. In this post, we will focus solely on potential tax deductions related to expenses… Continue reading Tax advisor: Can I deduct expenses for books and school supplies on my taxes?