It is approved the IBI rebate from Madrid City Council, applicable to premises for Leisure, Hospitality, Retail, Entertainment and Cultural use. This rebate (Real Estate Tax) was already applied in the fiscal year 2020, as a further measure to help against the economic effects of Covid-19. The Official Gazette of the Community of Madrid (BOCM)…
Tax Form 720 or the obligation to declare certain assets or rights located abroad. The Spanish Royal Decree 1558/2012, dated 15th November 2012, introduces the obligation to declare: bank accounts securities and life insurance contracts/rights as well as real estate located abroad and owned by Spanish residents. It is imposed without discrimination on all Spanish taxpayers,…
A tax incentive on the reduction of the rent of commercial premises is approved. The idea is that since this rebate is only compulsory for large tenants, to encourage it on the part of the landlords. Referring to the rents of commercial premises and with effect from January 1, 2021. Tax incentive on the…
New aids for the Self-Employed derived from RDL 2/2021. This RDL establishes measures to support self-employed workers in the field of Social Security. New aids for the Self-Employed Maintenance of Contribution Rates As from February 1st, 2021, the increase foreseen in RDL 28/2018 will not be applicable. And as long as the increase…
The labour measures of the General State Budget 2021, contain a series of legislative novelties in this labor and Social Security matter. Among them, it is worth mentioning the ones that our experts summarize below. Labour measures of the General State Budget 2021 Public pensions Pensions paid by the Social Security system, as…
The latest news in the Self-Employed Quotation Bases come from the LGPE of 2021. Below, we highlight the most relevant aspects that present novelties for this year 2021. News in the Self-Employed Quotation Bases Changes in Self-employed quotation Although the contribution bases are maintained with respect to 2020, the quotas are not. The increase will…
Post-Brexit tax effects, or in other words, how the agreement between London and Brussels affects taxes. On January 31st 2020 the formal exit of the United Kingdom from the European Union took place, a fact known as “Brexit”. However, the Withdrawal Agreement established a transitional period until December 31st, 2020 in which commercial transactions with…
Fiscal measures to support the tourist sector, the hostelry industry and commerce included in RDL 35/2020 are approved. These are a series of measures in the area of taxation, focused especially on sectors that are vulnerable due to Covid-19, such as tourism, hostelry and commerce. Tax measures to support the tourist sector We can highlight…
A set of support measures for the tourism sector, the hostelry and trade are established. Measures aimed at reducing rental costs borne by businesses and the self-employed. Also measures in tax matters and in the field of labor and social security. Published in the RDL 35/2020 The current ERTES by Major Force are automatically extended until…
The tax reform that comes in the PGE of 2021. Or in other words, the tax measures provided for in the law on measures for the prevention of tax fraud. The year 2021 will be a year with important changes in tax matters. Apart from the aspiration of the present Government to harmonize throughout Spain…