Knowledge
Spain – Amendments to the participation exemption applicable from 1 January 2021
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...
DAC6 transposition EU Directive 2018/822
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...
Project of Tax measures, 2021 Public Budget Statutes
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...
COVID-19: Tax measures for the car industry entities
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...
CIT – Deadline for submitting the Corporate Income Tax Return for year 2019
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...
Limitation of dividends distribution
Royal Decree-Law 18/2020, of May 12th, on social measures in defence of employment approved that dividends corresponding to a financial year during which temporary...
COVID-19 in Spain: Extension of the deadline for approving the annual accounts
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...
COVID-19: New tax measures in Spain, Royal Decree-law 17/2020
Yesterday the Spanish Government published in the Official Gazette the Royal Decree-law 17/2020, which approved basically the following tax measures: Corporate Income Tax:...
COVID-19: Tax measures in Spain
This morning the Government has published the Royal Decree-law 15/2020 (attached), which includes the following main tax measures: Special VAT rates on the acquisition of...
COVID-19 SPECIAL: Electronic tax notifications
As it has just been published in the website of the Spanish Tax Authorities, during the state of alarm taxpayers can still be notified by the Tax Authorities. Nevertheless,...
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