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Accounting | Tax | HR | LegalThe Model 720 after the CJEU judgment
The procedure for claiming Form 720 fines will depend on the situation of each taxpayer: appeals in progress, appeals not lodged but penalties within the deadline for appeal and final penalties.
The CJEU rescinds Model 720 sanctions for declaring assets abroad
The consequences of failure to comply with Model 720 are disproportionate in view of the objectives pursued by the regulatory framework, which are to ensure tax control and the fight against fraud.
The new method of capital gains calculation
The new method for calculating capital gains tax will offer taxpayers the possibility of choosing between two options (objective and real method), being able to opt for the more favorable one, as long as the value of the land undergoes a real increase.
Government approves labour law reform
New internal flexibility mechanisms are implemented in companies to avoid dismissals, revising the current model of ERTEs and creating the so-called RED mechanism.
New penalties applicable for labour infringements
Law 10/2021 of 9 July 2021 on remote work amends Article 40 of the Law on Offences and Penalties in the Social Order to increase the amount of social sanctions imposed by the Labour Inspectorate.
Tax deductions for R&D&I
It is a mechanism to provide incentives for certain activities insofar as the results derived from them have repercussions not only for the company that carries them out, but also for society as a whole.
Register of Intra-Community Operators (ROI)
Upon registration, and as long as the Tax Agency does not reject the application, the operator receives the NIF-VAT tax identification number to be able to issue or receive VAT-exempt invoices for intra-Community operations.
Transport Plus in the home office era
Given the impact of Covid-19, the Audiencia Nacional established in a judgement that the company can stop paying the transport bonus when the condition that justifies it disappears with home office.
Arm’s Length Principle in Transfer Pricing
In transactions between unrelated companies, market forces often determine the terms of commercial and financial relationships, whereas between related companies such forces may not directly affect prices.
Depreciation and methods of accounting depreciation
In order to calculate depreciations we have to take into account the acquisition price of the asset, the useful life of the asset, as well as the residual value at the end of the depreciation period. There are different methods, depending on the depreciation process we want to obtain.