Tax obligations and responsibilities of Inactive Companies in Spain
The administrators become responsible for ensuring that everything related to the company is in order, protecting the assets and complying with legal obligations to avoid penalties.
Objective Estimation Method in the Personal Income Tax (IRPF)
The Objective Estimation Method, also known as the modules system, is a special regime for calculating the income of certain economic activities under the Personal Income Tax (IRPF). This system simplifies the determination of net income by using specific indicators...
Changes in invoice issuance according to the Anti-Fraud Law
These regulations, the Invoice Systems Regulation RD 1007/2023 and the Future Electronic Invoicing Regulation, which enhance administrative efficiency and hinder tax fraud, affect both companies and the self-employed.
VAT Refund: A comprehensive guide for Spanish businesses
A company may recover the amount of input VAT, either fully or partially, through the relevant tax return, depending on the nature of the transaction and other factors.
Main changes in Corporate Income Tax 2023-2024
The changes in the Corporate Income Tax for 2024 in Spain include several novelties and adjustments that seek to improve collection and adapt the tax system to the new economic realities.
Fiscal Year-End Closing: Key Steps for a Successful Process
Steps for a correct and penalty-free tax closing: review of the annual accounts, tax and accounting adjustments, depreciations and provisions, VAT and other tax audits, tax returns, submission of annual accounts and review of results and tax planning.