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In the complex international tax landscape, Form 720 is a mandatory informative declaration for tax residents in Spain who own assets abroad and meet certain requirements. This declaration requires detailed disclosure of assets such as bank accounts, investments and properties outside the country. Who must submit Form 720 in Spain? On the one hand, the
La subida del salario mínimo interprofesional puede afectar la gestión laboral de determinadas empresas, entre las cuales se encuentran los Centros Especiales de Empleo. Especialmente, al incrementar los costes laborales. Entonces, ¿Cómo puede afectar la subida del SMI a los CEE? Impacto de la Subida del SMI en los CEE La subida progresiva del SMI ha generado
In order to safeguard the interests of shareholders and stakeholders of a company, sometimes the best option to prevent the entry of new shareholders is to restrict the transfer of shares. For this purpose, it is crucial to keep in mind that: 1. If the partners do not agree on anything in the articles of
Do you know the sanctions for not filing your annual accounts with the Commercial Register? Many companies often often forget about this crucial step, possibly due to inactivity, even though they are officially registered. However, this submission is mandatory and must be made within 1 month period following its approval by the General Meeting of
Knowing and complying with the Non-Financial Disclosure Statement (NFS) is essential for companies committed to transparency and social responsibility. Because of this, Leialta will share with you some key details to ensure compliance with the NFS in Spain. What is the NFS, and who is obliged to submit it? The Statement of Non-Financial Information (EINF in
With the enforcement of Royal Decree-Law 2/2023, March 16th, on 1st of January 2024, Spain has witnessed substantial changes in the regulation of Social Security for students engaged in external training or academic internships. These modifications, applicable to paid and unpaid internships, signify a paradigm shift in Spain. Within this dynamic landscape, it becomes imperative
Suppose your company is taxed by the Economic Activities Tax (EAT), and you have reduced your activity. In that case, it is necessary to check whether the amount of this tax can be reduced. For example, if you have sold machinery or changed premises for a lower amount, this will affect the calculation of the
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
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