The main criteria for determining the tax residence of individuals is the time spent in Spanish territory. The number of days spent in Spanish territory includes both days of physical presence as well as sporadic absences. Given the nature of sporadic absences as an indeterminate legal concept, in order to determine the number of “days… Continue reading Tax Advisor: Tax residence of individuals in spain
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Tag: Tax Reforms
Tax Advisor: Tax Reforms in Madrid for 2024: Changes in the Wealth Tax (IP) and Personal Income Tax (IRPF)
The Community of Madrid has approved Laws 12/2023 and 13/2023, both dated December 15, introducing modifications with effects from 2023 that impact, respectively, the Wealth Tax (IP) and Personal Income Tax (IRPF). The modification in the Wealth Tax (IP), approved by Law 12/2023, implies the suspension of the regional 100% discount on the IP quota… Continue reading Tax Advisor: Tax Reforms in Madrid for 2024: Changes in the Wealth Tax (IP) and Personal Income Tax (IRPF)
Law on the digitalization of notarial and registry proceedings
The digitalization of mercantile registries and legal reforms in Spain mark significant progress towards a more efficient public administration and a society in tune with the digital age. These changes, in line with the European Directive, aim to speed up business processes, improve access to information, and strengthen legal certainty. Despite challenges, legal modernization is… Continue reading Law on the digitalization of notarial and registry proceedings
Tax advisor: New EU directive modifies fiscal cooperation and financial information communication.
Directive (EU) 2023/2226 of the Council, published in the Official Journal of the European Union on October 24, 2023, amends Directive 2011/16/EU on administrative cooperation in tax matters. According to this Directive, Member States must adapt their legislation to comply with its provisions by no later than December 31, 2025, and these provisions will come… Continue reading Tax advisor: New EU directive modifies fiscal cooperation and financial information communication.
Tax advisor: Updates in annual informative tax returns: Changes in models 189 and 720
On October 31, 2023, the Official State Gazette (BOE) published Order HFP/1180/2023, which amends Order EHA/3481/2008, approving the model 189 for the Annual Informative Declaration on securities, insurance, and income. This amendment includes changes to the physical and logical design of the form to make it machine-readable and sets conditions for electronic submission. Order HAP/72/2013,… Continue reading Tax advisor: Updates in annual informative tax returns: Changes in models 189 and 720