New accounting and tax treatment of the goodwill in Spain 2016

Posted on Posted in Accounting, Publications, Tax

With effect from the first of January 2016, the law has completely changed the tax and accounting treatment in Spain of the goodwill. Before 2016 goodwill, like other intangible assets without a defined useful live – such us trademarks, licenses and the like- was not amortized. Instead, it had to pass every year an impairment […]

Tax allowance for retained earnings in Spain for 2015

Posted on Posted in Accounting, Publications, Tax

As from January 2015, the decision of the shareholders about the application of the previous year’s profits  will have relevant tax implications. This post explains in a simple way the fiscal implications involved. Article 25 of the new Corporation Tax Act has created a new tax incentive, called “reserva de capitalización” aimed at encouraging companies to increase […]

Assets depreciation rates in Spain for 2015

Posted on Posted in Accounting, Publications, Tax

  In this post we detail the depreciation rates currently in force in Spain applicable to fixed assets. The depreciation rate applied must be comprised between the maximum depreciation rate (left column) and the maximum useful life (right column). The amount to be charged per annum as depreciation is calculated, under the stright line method, applying […]