Companies frequently use the assets that they produce or buy in their normal operations for their own use. In such cases, these assets must be recorded and treated as fixed assets, rather than as inventory […]
Read MoreForeign assets classes to be reported In Spain, like in most developed countries, foreign assets disclosure is compulsory for resident tax payers. They must report every year to the Tax Office three different assets classed […]
Read MoreThe Ministry of finance, also known as the Dark Lord, has given Corporate Tax Payers a Christmas present in the form of a retroactive tax reform, with effects from January 2016. These effects aim to […]
Read MoreFor the tax year 2016, as usual, the tax rates applicable to individuals (Personal Income Tax) and companies (Corporation Income Tax) have been reduced Starting by the Corporation Income Tax, the new general tax rate […]
Read MoreThe new rules for Corporation Income Tax (“CIT”) in Spain disallow the deduction of losses resulting from the sale of shares when the tax payer has received tax exempt dividends within a determined look-back […]
Read MoreThe rules for the interest tax deduction in Spain have changed remarkably in 2015. Following the recommendations of the OCDE – G20 BEPS actions, the Spanish Corporation Tax Reform for 2015 has introduced a few […]
Read MoreTax filing in Spain, i.e., the deadlines to file all the taxes are really easy to retain. There are different rules for large tax payers and small and medium size entrepreneurs. Generally speaking large companies […]
Read MoreForeign traders often follow the business model consisting in storing goods in a warehouse located in Spain and operated by a third party, like a logistic company, for delivery to their Spanish clients. The sales […]
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