The tax deductibility of the remuneration of directors and executives has been questioned by the Spanish tax authorities in those case where such remuneration does not comply with the statutory requirements under applicable company law. In particular, when the remuneration is paid to senior executives who are also members of the company’s board of directors.
This entry was posted on 9 April 2024 by Gustavo Yanes in Tax.
As part of the emergency measures taken in the pandemic, Spanish legislature considerably restricted the original principle of liberal investment politics in Spain, as explained here. Further restrictions came into force in Spain and Europe these past years and, in response to evolving global economic dynamics and geopolitical challenges, the European Commission, through Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the screening of foreign investments in the Union and repealing Regulation (EU) 2019/452 of the European Parliament and of the Council (COM/2024/23) has recently yet again proposed significant revisions to the Foreign Direct Investment (FDI) Screening Regulation as part of its broader European Economic Security Package.[1] This regulatory overhaul aims to enhance Europe’s ability to safeguard its strategic interests while navigating the complexities of a rapidly changing international landscape.
This entry was posted on 2 April 2024 by Nadja Vietz in Corporate and M&A.
Unlike its European neighbours such as Italy and Portugal, Spain has extended the tax incentives for workers and entrepreneurs who move their tax domicile to Spain under the so-called Beckham Law.
This entry was posted on 1 February 2024 by Gustavo Yanes in Tax.
In this short article, we will discuss the VAT effects of operating Blockchain networks in the strict sense, i.e. mining and payment of miners, both in the form of cryptocurrency assets and/or commissions.
This entry was posted on 9 January 2024 by Gustavo Yanes in Tax.
2024 has barely begun and yet it already promises to become quite an eventful year, at least in Spain. The following legal projects are planned for this year:
This entry was posted on 3 January 2024 by Monika Bertram in Labour.
In Spain, Law 18/2022, on the creation and growth of companies, established the obligation to issue electronic invoices in all business-to-business transactions. This obligation was implemented in more detail by the new invoicing regulation published on 6 December 2023 in the Spanish State Gazette (BOE), mainly aimed at modernising and digitalising accounting, invoicing and management processes for entrepreneurs, with a special focus on SMEs, microenterprises and freelancers.
This entry was posted on 20 December 2023 by Vanessa Zimmermann 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.
