The 2022 Wealth Tax Manual from the AEAT reports that when filing the Wealth Tax declaration for the 2022 fiscal year, seven autonomous communities (Andalusia, Aragon, Asturias, Balearic Islands, Catalonia, Galicia, and the Community of Madrid) offered regional discounts at different percentages. Later, Extremadura joined, and recently, Cantabria implemented a general discount starting with the… Continue reading Tax Advisor: Regional Discounts in the Wealth Tax
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in /var/www/vhosts/blaw.es/httpdocs/wp-content/themes/twentytwentyone-child/header.php on line 65
Deprecated: strstr(): Passing null to parameter #1 ($haystack) of type string is deprecated in /var/www/vhosts/blaw.es/httpdocs/wp-content/themes/twentytwentyone-child/header.php on line 67
Tag: Fiscal Legislation
Tax Advisor: Crucial Times for ITSGF: Express Procedure and Tax Challenges in Spa
The remarkable speed at which various procedures (legislative, administrative, or judicial) related to the Temporary Solidarity Tax on Large Fortunes (ITSGF) have taken place or are currently underway is particularly noteworthy. Firstly, the promptness in its legislative processing and parliamentary approval stands out. Secondly, the speed of its entry into force and effective application is… Continue reading Tax Advisor: Crucial Times for ITSGF: Express Procedure and Tax Challenges in Spa
Tax Advisor: All you need to know about the Temporary Solidarity Tax on Large Fortunes
Several unconstitutionality appeals filed against the Temporary Solidarity Tax on Large Fortunes (ITSGF) have been rejected by the Constitutional Court. Initially, challenges were admitted, including those filed by the Government Council of Madrid (rec. n.º 616/2023), Andalusia (rec. n.º 1258/2023), Xunta de Galicia (rec. n.º 1951/2023), Madrid Assembly (rec. n.º 1922/2023), and the Government Council… Continue reading Tax Advisor: All you need to know about the Temporary Solidarity Tax on Large Fortunes
Tax Advisor: Exit Tax in Spain: Implications for Large Investors and Application Conditions
From the perspective of individual taxation, a fundamental aspect to consider when evaluating the tax implications related to changing fiscal residence from Spain to a third country is known as “Exit Tax,” regulated in Article 95.BIS of the LIRPF. This aspect is particularly relevant for large investors who hold stakes in various companies located in… Continue reading Tax Advisor: Exit Tax in Spain: Implications for Large Investors and Application Conditions
Tax Advisor: Comprehensive Reform in Fiscal Patronage: A Detailed Analysis of Royal Decree-Law 6/2023
Royal Decree-Law 6/2023, issued on December 19 and published in the BOE on December 20, 2023, addresses urgent measures to implement the Recovery, Transformation, and Resilience Plan, focusing on aspects such as the public service of justice, the civil service, local government, and patronage. With particular emphasis on fiscal matters, its fourth book introduces modifications… Continue reading Tax Advisor: Comprehensive Reform in Fiscal Patronage: A Detailed Analysis of Royal Decree-Law 6/2023
Tax Advisor: New Tax Opportunities in Spain: Approval of the Impatriates Regime and Its Benefits
Good news for investors, entrepreneurs, and professionals in general, whether they are executives, digital nomads, self-employed, or employees, as long as they are tax residents abroad and are considering investing or establishing themselves in Spain. After a wait of 359 days, on Friday, December 15, the application model, along with the annual tax return, was… Continue reading Tax Advisor: New Tax Opportunities in Spain: Approval of the Impatriates Regime and Its Benefits
Tax Advisor: Spain strengthens 15% additional tax for multinational corporations: Advancement in international fiscal cooperation
The Council of Ministers has approved in the initial phase the Draft Law to transpose the European Directive that establishes a global minimum taxation level of 15% for multinational corporations and large national groups. This step follows the recommendations of Pillar 2 of the OECD’s BEPS program, aimed at combating the erosion of the tax… Continue reading Tax Advisor: Spain strengthens 15% additional tax for multinational corporations: Advancement in international fiscal cooperation