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The 2025 Income Tax Return filing period is now underway and will run until June 30th, or until June 25th if you choose direct debit. As every year, this period is crucial for reviewing your tax situation and ensuring that everything is filed correctly. Before getting into the new developments, there is one key recommendation: […]
Blog
15
Apr
Apr
Within the framework of Intra-Community Transactions, there is a Tax exemption that can avoid the Obligation to self-assess VAT in Spain. This is Article 14.2 of Law 37/1992, on Value Added Tax (VAT), which allows certain entities to avoid paying Tax and not declaring VAT on their Intra-Community acquisitions of goods, provided they do not […]
15
Apr
Apr
Corporate Division: Commercial and Tax Aspects The segregation and creation of subsidiaries are addressed exclusively in the Law on Structural Modifications (hereinafter, LME), with no mention of these types of division in tax regulations. For this reason, there has been considerable debate over the years regarding the application of the special regime in Title VII, […]
15
Apr
Apr
A Branch of Activity is a set of assets that can constitute an autonomous economic unit that determines economic exploitation, that is, a set capable of functioning by its own means. The transfer of Business Branches, since the entry into force of Law 3/2009 on Structural Modifications (LME) has been carried out through the operation […]
15
Apr
Apr
It is increasingly common for parents to donate a property to one or more of their children, rather than waiting until inheritance, so that they can enjoy it while they are still alive. It is important to consider all aspects before formalizing this donation, both for the recipient and the donor: Key aspects to consider […]
15
Apr
Apr
Definition of Prescription The generic definition of “Prescription” would be the consolidation of a factual situation by the mere passage of time, which produces the acquisition or extinction of an obligation. This means that the right to carry out a certain action is extinguished by the passage of time, resulting in prescription. The Statute of […]
15
Apr
Apr
Once the relevant procedures have been carried out and a change of use license has been obtained from the relevant Town Hall, this matter must be formalized in a public Deed for its subsequent registration in the Property Registry, and where applicable, in the Cadastre. Articles 30 and 31 of Royal Legislative Decree 1/1993, of […]
15
Apr
Apr
Our legal system provides a system to ensure the effectiveness of the judicial protection sought in legal proceedings. To this end, Law 1/2000 on Civil Procedure (“LEC”) regulates what is known as the procedure for “Precautionary Measures,” which aim to ensure the effectiveness of a future judgment that upholds our claims In some cases, the […]
15
Apr
Apr
Based on experience and available data, we know that the practice of not liquidating a company when it has ceased to be profitable or when its partners have decided to cease activity for any reason has grown in Spain. Sometimes, instead of properly liquidating a Company, business partners simply abandon it, mostly due to the […]
15
Apr
Apr
The term Asset Entity is not defined in a single way for the entire Tax field and often leads to confusion. It is generally understood to be an Entity that does not carry out any activity and, since it has not been liquidated and dissolved, is obligated to file periodic Tax Returns. Or, it can […]