Jan 14, 2021 | Tax Flash
According to the 2021 Annual Budget, which has entered into effect on 1 January 2021, the 100% participation exemption is reduced to 95% on qualifying dividends and capital gains to 95%. Therefore, 5% of the gross dividend and capital gain is now taxed at the standard...
Jan 5, 2021 | Tax Flash
Last December 30, 2020 was published in the Spanish Official Gazette (BOE) the Law 10/2020. The purpose of this law, is the transposition of the Council Directive 2018/822/EU of 25 May 2018 (known as DAC6). Directive 2018/822, DAC6, obliges for intermediaries (and in...
Oct 28, 2020 | Tax Flash
Yesterday, October 27th, the 2021 Public Budget Statutes for 2021 was presented by the Government to the Parliament, which main tax proposals are the following: Corporate Income Tax: the participation exemption and revenues generated from the transmission of them are...
Jun 25, 2020 | Tax Flash
Yesterday, the Royal Decree Law 23/2020 approved several measures destinated to reactivate the business economy. Two of the rules approved modify the Corporate Income Tax Law, being the modifications the following: Tax credit for “innovation activities”,...
May 28, 2020 | Tax Flash
Yesterday the Spanish Gazette (BOE) published Royal Decree-Law 19/2020, which states different measures to alleviate the effects of COVID-19. Among them, this regulation includes a tax measure, which refers to the deadline for submitting the Corporate Income Tax...
May 8, 2020 | Tax Flash
The alert state has been extended in Spain to May 24th, and consequently the deadline for approving the annual accounts by the Shareholder’s Meetings has been extended to November 23rd (instead of June 30th). Please bear in mind that incomprehensibly the legal term...
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