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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: […]
Tax law
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
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
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 […]
19
Dec
Dec
Sometimes the Tax Agency carries out inspections because it suspects that some legal figure is being used with the sole intention of reducing taxation, in which case it usually resorts to article 16 of Law 58/2003, of December 17, General Tax Law (hereinafter, LGT), to justify the “simulation” of a legal transaction and apply a […]
17
Dec
Dec
On July the 9th, 2021, Law 11/2021, on measures for the prevention and fight against Tax Fraud, was published. This law has brought about significant Tax changes. In this article, we will focus on one of them, which corrects the surcharges applied when Tax Returns are filed late. Specifically we are referring to section 2 […]
03
Dec
Dec
On December the 2nd, 2025, the Council of Ministers approved Royal Decree-Law 15/2025, which postpones for one year the entry into force of the Obligations derived from the so-called VERI*FACTU Regulation (Verifiable Invoice Issuance System) and the requirements of the Computer Billing Systems regulated in Royal Decree 1007/2023. This Royal Decree-Law must be validated by […]