Jan 19, 2021 | Tax Flash
As we informed you in a previous Tax Flashes, the Spanish Constitutional Court (CC) declared Royal Decree-Law (RDL) 2/2016, that had introduced substantial modifications in the calculation of the Corporate Income Tax (CIT) prepayments, as unconstitutional. As a result...
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...
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