The Beckham Law, formally known as the “special tax regime applicable to workers, professionals, entrepreneurs and investors relocated to Spanish territory”, regulates the taxation, in accordance with non-resident regulations, of the income of individuals relocated to Spain who have acquired tax residence. Since its introduction in 2005, this regulation has been the subject of attention… Continue reading The Beckham Law and its implications on payroll: key aspects
Tag: taxation
Taxation of digital nomads
The General Directorate of Taxes (DGT), an entity attached to the Ministry of Finance and Public Function, with the primary function of establishing the criteria for the application of various taxes, including Personal Income Tax (IRPF), has recently issued relevant pronouncements. In this regard, in the case of a taxpayer who telecommutes from a foreign… Continue reading Taxation of digital nomads
How is the Tax on Large Fortunes calculated?
On 29 December 2022, one day after the publication in the Official State Gazette of Law 38/2022, the Temporary Tax on the Solidarity of Major Fortunes (ITSGF), better known as the Tax on Major Fortunes, came into force. Its implementation has not been without controversy due to its peculiarities. One of these is that it… Continue reading How is the Tax on Large Fortunes calculated?
Advantages and disadvantages of filing the Income Tax return jointly
At the beginning of the period for filing the Personal Income Tax (IRPF) return, it is common for couples to consider whether it is more beneficial to opt for joint or individual filing. While joint filing can bring advantages in various cases, its convenience is not always evident. This article analyzes when it may be advantageous to file jointly… Continue reading Advantages and disadvantages of filing the Income Tax return jointly
The recent Royal Decree on foreign investments in Spain has been approved
The new Royal Decree 571/2023, approved on 4 July 2023 and published on 5 July 2023, established provisions regarding foreign investments that came into force on 1 September 2023. Its main purpose is to extend and clarify the regulations concerning foreign investments, in accordance with Law 19/2003 of 4 July 2003 on the legal regime… Continue reading The recent Royal Decree on foreign investments in Spain has been approved
Beckham Law: Encouraging Foreign Investment and Talent in Spain
The Beckham Law, popularly referred to as such in reference to the English footballer David Beckham, who was one of the first beneficiaries of this regime, constitutes a tax provision in Spain conceived with the purpose of incentivizing the attraction of talent and foreign capital to the country. Initially associated with elite athletes, the application… Continue reading Beckham Law: Encouraging Foreign Investment and Talent in Spain
The Spanish Tax Office mitigates tax impact on expatriate workers returning to Spain
The Ministry of Finance has introduced measures to mitigate the tax impact on the return or arrival of expatriate professionals to Spain in the second half of the year. This action aims to put an end to the double taxation faced by workers who change residence to settle in Spain on a long-term basis. Previously,… Continue reading The Spanish Tax Office mitigates tax impact on expatriate workers returning to Spain
List of non-cooperative jurisdictions updated
The European Council today announced the removal of the Bahamas, Belize, Seychelles and the Turks and Caicos Islands from its list of non-cooperative tax jurisdictions. It should be recalled that countries that are considered as non-cooperative jurisdictions are formerly known as “tax havens”. Non-cooperative jurisdictions are characterised by a lack of commitment in the fight… Continue reading List of non-cooperative jurisdictions updated
Tax advisor: Tax Challenges in R&D: Change of Criteria and Legal Hopes
Until mid-2022, the General Directorate of Taxes (DGT) allowed corporate income tax (CIT) payers to declare R&D tax deductions in a self-assessment, even if they had not been included in previous fiscal periods in which they were generated. However, starting in June 2022, the DGT changed its stance, limiting the application of deductions to the… Continue reading Tax advisor: Tax Challenges in R&D: Change of Criteria and Legal Hopes
Tax advisor: Modification in Taxation: VTC Licenses and the Objective Estimation Method in Passenger Transport
The General Tax Directorate adjusts its previous stance regarding the taxation of passenger transport with VTC licenses using the objective estimation method, adopting the criterion established by the Central Economic-Administrative Tribunal (TEAC). This modification is reflected in a binding response (V2219-23) issued on July 27, 2023. Previously, in binding consultations, Taxation maintained that this activity… Continue reading Tax advisor: Modification in Taxation: VTC Licenses and the Objective Estimation Method in Passenger Transport
