In its most recent ruling, Supreme Court Ruling No. 1064/2023 issued on July 20, 2023, it is established that a municipality cannot apply differences in a fee for the use of municipal sports facilities such as frontons and swimming pools, based on whether or not the users are registered in the municipality. Registration is not… Continue reading Tax Advisor: The Supreme Court rules that municipalities cannot differentiate fees according to census registration
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Tax advisor: The Supreme Court allows the self-employed to deduct late payment interest paid to the Treasury in their personal income tax return.
The recent Supreme Court ruling no. 1091/2023, dated July 24, establishes that, in the field of Personal Income Tax (IRPF), late payment interest related to the taxpayer’s economic activities, whether derived from income verification settlements or suspensions of contested administrative acts, are considered tax-deductible expenses. This interest, classified as financial expenses, is subject to the… Continue reading Tax advisor: The Supreme Court allows the self-employed to deduct late payment interest paid to the Treasury in their personal income tax return.
Tax Advisor: Tax Agency approves controls on mixed use of vehicles in companies
The Tax Agency (AEAT) will henceforth adjust its approach to the transfer of vehicles to employees by companies, increasing the requirements for proof of their professional and personal use. This modification responds to recent decisions of the CJEU, the Audiencia Nacional and the TEAC, which establish that the company must demonstrate the necessity of the… Continue reading Tax Advisor: Tax Agency approves controls on mixed use of vehicles in companies
Tax Advisor: Inheritance Tax in Andalusia: Inheritance tax amount, discounts and conditions
Receiving an inheritance can sometimes be costly. Inheritance and Gift Tax has generated considerable controversy. This is because the amount of this tax can vary significantly depending on the autonomous community of residence. In reality, this tax is national in scope and is payable on the transfer of assets from one individual to another upon… Continue reading Tax Advisor: Inheritance Tax in Andalusia: Inheritance tax amount, discounts and conditions
Tax advisor: Who can apply to the objective valuation regime for the self-employed?
When a self-employed person must comply with Personal Income Tax (IRPF), there are three methods available: the standard direct valuation, the simplified direct valuation and the objective valuation, also known as the module system. We will focus on the latter option. Although it has faced debates and proposals for elimination, the module system is still… Continue reading Tax advisor: Who can apply to the objective valuation regime for the self-employed?
Tax advisor: The newly implemented wage tax in 2023: how does the new wage tax decrease revenue?
To enhance the pension system without placing an undue burden on the younger population, the Intergenerational Equity Mechanism (MEI) will be temporarily introduced on employees’ salaries. This mechanism will account for 0.6% of the contribution base for common contingencies, with the company covering 0.5% and the worker covering 0.1%. For instance, in the scenario of… Continue reading Tax advisor: The newly implemented wage tax in 2023: how does the new wage tax decrease revenue?
Tax advisor: Is it interesting to take advantage of the Beckham Law?
Individuals who change their tax residence to Spain due to their move to the country have the option to pay taxes according to the special provisions of article 93, paragraph 2 of the Personal Income Tax Law 35/2006. Consequently, despite their tax residence in Spain, they will be subject to non-resident taxation according to the… Continue reading Tax advisor: Is it interesting to take advantage of the Beckham Law?
Tax advisor: Madrid is supportive in financing despite having lower taxes
According to a report published by the Foundation for Applied Economics Studies (Fedea), the Community of Madrid leads in both tax collection and contributions to the regional financing system. The Minister of Economy, Finance and Employment, Rocío Albert, emphasized that, despite having the lowest taxes, Madrid is the most supportive autonomous community in Spain. The… Continue reading Tax advisor: Madrid is supportive in financing despite having lower taxes
Tax Advisor: The Supreme Court defines how to register expenses of a foreign branch in the Corporate Income Tax
In recent rulings, the Supreme Court establishes that, when calculating the income from activities carried out by a company in a foreign branch, exempt under article 22 of the Consolidated Text of the Corporate Income Tax Law (TRLIS), the general management and administration expenses that contribute to the purpose of the branch can be apportioned… Continue reading Tax Advisor: The Supreme Court defines how to register expenses of a foreign branch in the Corporate Income Tax
Tax advisor: Treasury postpones to 2024 the new self-assessment model for the Financial Transaction Tax
The Treasury has decided to postpone the implementation of the new self-assessment model for the Financial Transaction Tax until January 1st of next year. Initially scheduled for September 1, this delay is due to “supervening technical circumstances” in order to ensure proper collection by all Administrations involved (State, Basque Country and Navarre). The period for… Continue reading Tax advisor: Treasury postpones to 2024 the new self-assessment model for the Financial Transaction Tax