In the case of the special regime for workers posted to Spain, or Beckham Law (article 93 of the Personal Income Tax Law – LIRPF), the Personal Income Tax liability is determined according to the rules established in the Non-Resident Income Tax (IRNR) for income obtained without a permanent establishment, with certain particularities, such as… Continue reading Tax advisor: Severance pay under the Beckham Law
Tag: Europe
Tax advisor: 40% reduction on benefits from two or more pension plans
When receiving payments from different pension plans, the transition regime established in the tax regulations allows the reduction to be applied to such payments, as long as certain requirements are met. This transition regime can be applied to all amounts received in the form of a single payment (capital) in the year in which the… Continue reading Tax advisor: 40% reduction on benefits from two or more pension plans
Tax Advisor: The CJEU establishes case law regarding the exemption of dividends received by a resident parent company which is not part of a group in tax consolidation.
The referring court seeks to clarify the implications of the judgment of the Court of Justice of the European Union (CJEU), known as Groupe Steria. In this judgment, the CJEU ruled that Article 49 of the Treaty on the Functioning of the European Union (TFEU) precludes a regulation of a Member State relating to a… Continue reading Tax Advisor: The CJEU establishes case law regarding the exemption of dividends received by a resident parent company which is not part of a group in tax consolidation.
Tax advisor: Taxation and control in the investment of cryptoassets
Some 12% of the Spanish population currently holds investments in cryptocurrencies. This growing trend has led the tax authorities to ask companies to declare their clients’ cryptocurrency balances. However, what is the difference between a cryptocurrency and a cryptoasset? When should the corresponding declaration be made for each of them? Several questions arise regarding this… Continue reading Tax advisor: Taxation and control in the investment of cryptoassets
Tax advisor: VAT exemption applies to services provided by non-resident companies
The referring court holds that, according to Article 132(1)(g) of the VAT Directive, in order to achieve the stated objective, it is irrelevant whether the suppliers and beneficiaries of services that may be exempted from VAT are resident or established in a single Member State or in two Member States. The exemption under this provision… Continue reading Tax advisor: VAT exemption applies to services provided by non-resident companies
Tax advisor: Tax innovations in the Startup Law
In recent times, we are familiar with the fact that tax and legislative updates usually imply an increase in the tax burden. However, the recent Law 28/2022, Startup Ecosystem Encouragement Law, also known as Startups Law, has introduced some welcome tax innovations. A startup is considered as such when it meets a series of criteria… Continue reading Tax advisor: Tax innovations in the Startup Law
Tax advisor: Application of tax credits for the consolidation group
The Tax Agency has published a note regarding the application of tax credits by the consolidation group. The content is mainly based on deductions from previous years and tax loss carryforwards. On the occasion of the introduction of the new tools provided by the AEAT for taxpayers who are under the special tax consolidation regime… Continue reading Tax advisor: Application of tax credits for the consolidation group
Tax advisor: Tax benefit extended to companies for the promotion of events
The Supreme Court (SC) has confirmed its new position on taxation and has established that private companies can deduct up to 15% in corporate income tax for advertising or promotional expenses related to events of general interest, such as a sporting event in a city. The SC has modified its criterion on taxation and has… Continue reading Tax advisor: Tax benefit extended to companies for the promotion of events
Tax Advisor: Deductions in the Personal Income Tax return
When the time comes to file the Personal Income Tax return, the citizen must know which deductions he/she can apply for. Below, we will mention the main activities subject to deductions: – In order to take advantage of the tax benefits of a pension plan, it is important to bear in mind that the contributions… Continue reading Tax Advisor: Deductions in the Personal Income Tax return
Tax Advisor: Changes in the VAT Law and in the Excise Taxes Law
On May 9th, 2023, Law 11/2023 of May 8th was published in the Official State Gazette (BOE), which transposes the European Union Directives regarding the accessibility of certain products and services, the migration of highly skilled individuals, taxation and the digitalization of notary and registry processes. Also, an amendment is made to Law 12/2011 of… Continue reading Tax Advisor: Changes in the VAT Law and in the Excise Taxes Law