2024 is shaping up to be the year when taxpayers under the simplified VAT regime and in objective estimation for income tax (IRPF) should start planning their transition and adapting to the recent tax regimes. For the past few months, the government and social agents have been discussing the implementation of European Directive 2020/285, which… Continue reading Tax advisor: Franchised VAT, is it all it seems?
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Tag: Europe
Tax advisor: News and Pitfalls of the New Beckham Law
The new Impatriates Law introduces several changes and precautions to consider. Firstly, the period during which a person can apply for this regime without having previously been a tax resident in Spain has been reduced from 10 to 5 years. This is advantageous for mobile workers, but it’s crucial to pay attention to the details.… Continue reading Tax advisor: News and Pitfalls of the New Beckham Law
Tax advisor: High Fortunes in Spain: Wealth Map in 2022
86% of the 12,000 taxpayers of the Temporary Solidarity Tax on Large Fortunes reside in Madrid. Beyond its revenue-generating capacity, wealth taxes have always been useful for mapping the wealth within a territory. In this context, the new Temporary Solidarity Tax on Large Fortunes, which has collected 623 million euros, provides us with a map… Continue reading Tax advisor: High Fortunes in Spain: Wealth Map in 2022
Tax advisor: Work Retention Rates in 2023: Significant Changes and Substantial Reductions
In the fiscal revenue report for the month of July, it is observed that tax revenues reached 40.910 billion euros, representing a 4.3% increase compared to the same month in 2022. This increase is primarily attributed to the strong performance of salary and professional activity withholdings, which experienced a 10.4% growth in July and an… Continue reading Tax advisor: Work Retention Rates in 2023: Significant Changes and Substantial Reductions
Tax advisor: According to the CJEU, the unauthorized removal of an excise goods from the suspension regime precludes tax exemption for the authorized warehousekeeper.
An Italian company engaged in the storage and transport of petroleum products was merged by absorption. As an authorized warehouse keeper, it made 196 shipments of hydrocarbons (diesel and gasoline) from its tax warehouse in Italy to a company in Slovenia, which was authorized to receive these products as a registered trader. However, the Customs… Continue reading Tax advisor: According to the CJEU, the unauthorized removal of an excise goods from the suspension regime precludes tax exemption for the authorized warehousekeeper.
Tax advisor: Is deduction the same as tax relief?
Deduct and deduct are two common terms in the context of Personal Income Tax (IRPF) that are frequently used. These terms relate to opportunities to reduce the amount of tax payable, something that the self-employed should understand. When we refer to the deduction in the income tax return, we are talking about the possibility of… Continue reading Tax advisor: Is deduction the same as tax relief?
Tax advisor: The CJEU considers that the sanction and revocation of authorization for tax warehouse do not violate proportionality principle in case of serious excise duty infringements
Both the financial penalty and the revocation of the authorization to operate a tax warehouse were applied due to a serious infringement of the excise duty regime committed by the company in question, as considered by national law. The revocation of the authorization was taken after the pecuniary penalty, based on an assessment of the… Continue reading Tax advisor: The CJEU considers that the sanction and revocation of authorization for tax warehouse do not violate proportionality principle in case of serious excise duty infringements
Tax Advisor: Extremadura reduces the Personal Income Tax in the first two brackets and eliminates Wealth Tax
The Governing Council of the Regional Government of Extremadura approved a decree law with urgent measures that include the reduction of the first two income tax brackets, mainly affecting incomes below 22,200 euros, as well as the total elimination of the Wealth Tax. The autonomic Administration highlighted that these measures will have retroactive effect as… Continue reading Tax Advisor: Extremadura reduces the Personal Income Tax in the first two brackets and eliminates Wealth Tax
Tax advisor: The TEAC adjusts its criteria for calculating the sanction base in cases of corporate simulation
By means of the recent resolution no. 4117/2020, issued on July 24, 2023, the Central Economic-Administrative Court (TEAC) has modified its previous criteria in relation to how it determines the basis for penalties in cases of corporate simulation. This modification is based on the doctrine established in Supreme Court decision no. 770/2023, dated June 8.… Continue reading Tax advisor: The TEAC adjusts its criteria for calculating the sanction base in cases of corporate simulation
Tax advisor: The National High Court rejects the suspension of the Temporary lien of credit entities and financial credit establishments
The Contentious-Administrative Chamber of the National High Court has rejected the request to temporarily suspend the Temporary lien of credit entities and financial credit establishments (also called “extraordinary tax on banks”) filed by Sabadell, Bankinter and Kutxabank (through its subsidiary Cajasur). Furthermore, in their decisions, they have also ruled out the possibility of consulting the… Continue reading Tax advisor: The National High Court rejects the suspension of the Temporary lien of credit entities and financial credit establishments