Corporate Income Tax in Spain: A Good Time for Tax Deductions for Research and Innovation

In today’s business environment marked by mounting tax pressure, companies are increasingly seeking strategies for optimising their tax burden without compromising their competitiveness. One of the options for optimisation is investing in research and development (R&D) which does not only boost innovation but also offers significant tax incentives.

This entry was posted on 21 November 2024 by Gustavo Yanes in Tax.

Electronic Invoicing in Spain

In Spain, the simultaneous effect of several laws has currently caused some chaos among businesses and professionals regarding electronic invoicing. For businesses to run smoothly, it is essential to be informed about the current legal situation. This is why, with this article we intend to provide some clarity on the matter.

This entry was posted on 4 November 2024 by Inmaculada López in Accounting.

Canary Islands: Tax Incentives vs. Minimum Tax Rate

The Canary Islands. A dream travel destination, famous for its great climate and stunning beaches. It is also one of the most attractive territories in Spain taxwise, thanks to its tax incentives. However, the recent debate over the 15% minimum rate for large companies has cast a spotlight on these benefits, raising questions about how this new framework will affect businesses operating in the archipelago.

This entry was posted on 25 October 2024 by Gustavo Yanes in Tax.

Spain’s New Law on Equality Accidentally Eliminates Two of the Grounds for Objective Nullity – Now What?

The Spanish employment law landscape has seen quite some turmoil in these summer weeks. A “technical” error in the new Law on Equality (Ley de Paridad) has eliminated two grounds for the objective, or automatic, nullity of dismissals. According to the Ministry of Equality, this error will be corrected as soon as possible, but what happens with the dismissals that may occur in the meantime, until the law is effectively rectified?

This entry was posted on 4 September 2024 by Anna Martí Belda in Labour.

Tax Revolution in the EU: the Digital Future of Withholding Taxes

The European Union has developed a proposal to simplify withholding tax procedures and promote cross-border investment. In today’s world, where foreign investment is crucial to a global economy, this proposal could revolutionise withholding tax procedures. The EU Commission has put forward a series of measures that not only seek to simplify procedures, but also to make them more efficient and secure – for all parties involved, i.e. investors, financial intermediaries and the tax authorities of the member states.

This entry was posted on 14 August 2024 by Gustavo Yanes in Tax.

The Controversial Taxation of German Investment Funds in Spain

The treatment of real estate investments made through German investment funds under the Spanish Non-Resident Income Tax and the Value Added Tax has generated contradictory interpretations by the General Directorate of Taxes (Dirección General de Tributos, DGT) over the years.

This entry was posted on 7 August 2024 by Gustavo Yanes in Tax.