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Since 2022, it has been considered that the shares of unlisted foreign entities whose assets consist of at least 50%, directly or indirectly, of real estate located in Spanish territory may also be subject to IP taxation as if they were entities established in Spain. In addition, the shares in the foreign company must be
The mandatory whistleblowing channel for companies is now a reality. EU member states must adapt to Directive (EU) 2019/1937 of the European Parliament and of the Council of 23 October 2019 and implement a regulation that guarantees the prevention of internal company crime. In the case of Spain, the implementing legislation will be Law 2/2023
If your company rewards employees by giving them shares or units of your own or another company in the same group free of charge or at a reduced price, you have to show in the payroll payment in kind. The amount to be reflected is the difference between the market value of the shares
To create a Foundation, it is necessary to have an initial foundational endowment of at least 30,000 euros, which can be monetary or non-monetary. If the endowment is monetary, 25% of the 30,000 euros must be contributed, and the rest within five years. What if the initial endowment is less than 30,000 euros? The founder
The order regulating assimilated registration with Social Security for workers posted abroad in the service of companies that carry out their activities in Spanish territory has been published in the BOE (Official State Gazette). It details how to act with Social Security in three possible scenarios: When there is a posting to a country that
In some instances, directors may be liable to the tax authorities for the tax debts of their companies. This liability may be joint and several or subsidiary: In the case of joint and several liability, the tax authorities may declare the director jointly and severally liable if they have directly caused a tax infringement. Here,
If you and your partners agree to liquidate your partnership and divide the assets, the partnership must charge VAT on the assets that have been sold. If you cannot deduct this tax, you will incur a tax cost that can be very high, depending on the value of the assets. But there are two options
Since 1 October, part-time workers have been paid the same contributions as full-time workers. Royal Decree-Law 2/2023, of 16 March, modified the wording of article 247 of the General Social Security Law in the sense that, regardless of the worker’s working day, one day of contribution will be one day. Until now, if you were
Having a holding structure in your group of companies means you can apply a series of tax advantages in deductions or special regimes to reduce your tax liability compared to traditional companies. The tax advantages are: Exemption in the case of dividend distributions from investee companies. Dividends distributed by a subsidiary to its parent holding
If a customer stops paying you an invoice one year after the accrual of the transaction, you can take steps to recover the VAT charged (if your company’s annual turnover is less than 6,010,121.04 euros, you only have to wait six months to start these steps). In both cases, you have six months to complete
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