The month of June: for the majority of companies, that is, those for whom the financial year coincides with the calendar year, June is an extremely important month. This is due to the timing of the legally established deadline to agree upon, inter alia, the approval of annual accounts and the distribution of profits.
This entry was posted on 28 July 2021 by Christian Krause in Corporate and M&A.
Following the news on VAT in relation to e-commerce, on 15 June the Spanish government modified the VAT regulations. As we mentioned in a previous article on the introduction of the single window environment with respect to distance sales, this is an attempt to facilitate and promote digital commerce by implementing measures reducing the administrative load associated therewith. Below is a brief summary of certain aspects of the VAT regulations.
This entry was posted on 26 July 2021 by Gustavo Yanes in Tax.
In June, the creation of companies increased by 43.1% since last year and by 28.8% as compared with June 2019, according to data provided by the Official Association of Registrars of Property, Companies and Moveable Assets of Spain.
This entry was posted on 19 July 2021 by Corporate Law Department in Corporate and M&A.
ERTEs due to force majeure based on causes related to COVID-19 and ERTEs due to impediments to and/or limitations on activity as a consequence of the pandemic have been extended for the fifth time.
This entry was posted on 2 July 2021 by Patricia Rivera Almagro in Labour.
In the Spanish Law on Capital Stock Companies (Ley de Sociedades de Capital or “Law”), there is an article (283) which historically has not been attributed much importance because in practice either it was not applicable or very seldomly applied. The article foresees various fines (up to 300,000 euros) for companies that do not deposit their annual accounts by the legally established deadline.
This entry was posted on 24 June 2021 by Christian Krause in Corporate and M&A.
For years now, e-commerce has not stopped growing. It is undoubtable, however, that due to the prevention measures against COVID-19, e-commerce has increased significantly. It is within this context that modifications have been made to the European Directive on VAT with respect to so-called distance sales. It must be noted that this modification is exclusively directed at sales made with final customers, not business owners, which are located in EU countries other than that of the vendor’s registered address.
This entry was posted on 21 June 2021 by Gustavo Yanes in Tax.
In our blog “Business & Tax in Spain,” lawyers specialised in advising companies express their opinions regarding the latest news on matters as diverse as corporate law, taxation, labour legislation, intellectual property, fashion law, information technology and data protection. In addition, the blog includes a section dealing with the practical aspects of corporate accounting. The objective of Monereo Meyer Abogados is to use this space to offer current and practical information as well as to facilitate a platform for debate.
