CJEU: VAT on Importation Should Be Paid in The Country of Entry of the Goods to The EU Economic Network

Following the ruling by the Court of Justice of the European Union (“CJEU” Case C-7/20), it is worth recalling several essential concepts applicable to VAT taxation on the importation of goods. In this case, the CJEU was determining whether the EU directive should be interpreted in the sense that VAT on importation “always” arises in the territory in which the goods enter or in that in which a failure to comply with the customs legislation is found, as in the case before the court.

This entry was posted on 20 April 2021 by Gustavo Yanes in Tax.

Spain: Disciplinary Dismissal Due to Undue Use of A Work Telephone?

In labour regulations, the causes for a disciplinary dismissal are listed in the applicable collective bargaining agreement, as well as in Art. 54 of Royal Legislative Decree 2/2015, of 23 October, which approves the consolidated text of the Law on the Workers’ Statute.

This entry was posted on 19 April 2021 by Monika Bertram in Labour.

Investments in Spain in 2020

The Spanish venture capital and private equity association ASCRI (Asociación Española de Capital, Crecimiento e Inversión) has recently published the numbers for investments in Spain in 2020 – growth in the venture capital market: despite the pandemic or the result of it?

 

This entry was posted on 29 March 2021 by Susanne Dumke in Corporate and M&A.

Virtual Meetings: Now Also Possible for Managing Bodies in Spain

Once the amendments to the Law on Capital Stock Companies (Ley de Sociedades de Capital) enter into force, it is advisable for companies to modify their corporate bylaws in order to include the new regulations.

This entry was posted on 25 March 2021 by Christian Krause in Corporate and M&A.

Taxes in Spain

The Spanish tax system is comprised of taxes on three levels: state, regional (Autonomous Community level) and local (city councils).

This entry was posted on 16 March 2021 by Tax Department in Tax.

Co-ownership of Participations in Spain: Status as Member and The Individual Exercise of Rights

When dealing with co-ownership of corporate participations in Spain, in practice there are doubts about whether the co-owners are individually considered members (socios), as well as regarding the way in which to exercise rights inherent to the participations. The ruling handed down by the Spanish Supreme Court on 12 November 2020 clarifies these issues.

This entry was posted on 2 March 2021 by Christian Krause in Corporate and M&A.