Publications - Tax
The European Commission proposes postponing entry into force of VAT directives on e-commerce for goods and of exchange of information requirements under DAC6
The crisis caused by the spread of COVID-19 has led Brussels to propose the entry into force of VAT directives 2017/2455 and 2019/1995 on July 31, 2021; and to propose new time periods for the filing and exchange of information under Council…
2019 personal income tax filing season: The amortizable cost of real state assets acquired by inheritance or gift is limited to expenses and taxes incurred when they were acquired
Article 23 of Personal Income Tax Law 35/2006, of November 28, 2006, states that net income from real estate capital is calculated by deducting certain types of expenses and reductions from gross income. Among the expenses, amounts in respect of the…
May 15 is the last day of the time limit for applications for AEAT's acknowledgment of rights to the tax benefits associated with events of exceptional public interest
Article 27 of Law 49/2002, of December 23, on the tax regime for not-for-profit entities and for tax incentives to patronage, defines the tax benefits available for any activities carried out to ensure adequate arrangements for events of exceptional…
Tax Newsletter - April 2020
COVID-19: Tax measures approved to support donations and the cultural sector
The May 6 edition of the Official State Gazette published Royal Decree-Law 17/2020, of May 5, 2020, approving measures to support the cultural sector and tax measures to confront the social and economic impact of COVID-19.
COVID-19 Special Newsletter - Spain | Week between May 4 and May 10
Reopening to the public of establishments, effects of RDL 16/2020 on procedural, insolvency and tax matters, labor measures in preparation for de-escalation and news on administrative procedures
COVID-19: CIT and VAT implications of measures in the corporate and insolvency fields introduced by RDL 16/2020
The April 29, 2020 edition of the Official State Gazette -BOE- published Royal Decree-Law 16/2020, of April 28, 2020 on procedural and organizational measures to confront COVID-19 in the justice system, aimed primarily at getting the justice system…
COVID-19: Publication of royal decree-law mapping steps to be followed in justice system procedures
We analyze Royal Decree-Law 16/2020, of April 28, 2020, published in the April 29 edition of the Official State Gazette (BOE), adopting procedural and organizational measures to confront COVID-19 (RDL 16/2020). And entering into force on April 30,…
COVID-19 Special Newsletter - Spain | Week between April 27 and May 3 2020
Critical plans for a return to activity, taxes on the renegotiation of loans, notification of judicial decisions, and doubts regarding leases
COVID-19: Renegotiation of mortgage facility agreements and effect on transfer and stamp tax
Halted economic activity and a continued decline in revenues in the business sector as a result of COVID-19 have, in the same way as in the 2008 crisis, compelled companies to refinance or renegotiate debts (secured by mortgages in a few cases) with…
VAT on donations of medical equipment following Royal Decree-Law 15/2020 and subsequent information notice NI GA 13/2020 dated April 23 from the Customs Department
Commission Decision (EU) 2020/491 of April 3 granted import duty relief and a VAT exemption in respect of imports of necessary goods to combat the effects of the COVID-19 outbreak.
Tax Authority clarifies amendments made by the State Budget Law for 2020 on VAT
Tax Authority ("AT") issued instructions, through Circular Letter no. 30219, of 2 April, clarifying the most significant changes to the VAT Code ("CIVA") resulting from the State Budget Law for 2020 (Law no. 2/2020, of 31…