A new regime of surcharges and reduction of penalties is established under Law 11/2021, on measures to prevent and combat tax fraud. This law is a consequence of the transposition of Council Directive (EU) 2016/1164 of 12 July 2016. We had already been anticipating some of these actions when we talked about the tax reform…
The Revision of the Self-Employed Bases in 2021 is permitted in each quarter. We inform you that you have the opportunity to modify the contribution base of the Special Regime for Self-Employed Workers (RETA) and the quota to be paid, within the limits allowed according to your age. The next due date to carry out…
Call for aids from the Madrid City Council for industry and services. Soon to be published in the BOCM, it focuses on initiatives for the transformation of the industrial productive apparatus and related services in the areas of digital transformation and green economy. This public call for aids is framed in the context of the…
There are a series of tax obligations for companies in the months of March and April. In these months certain accounting and mercantile obligations begin to accrue. These are: Tax obligations Mercantile obligations Tax obligations for companies in 2021 As for the Corporate Income Tax (IS) return, it must be filed within 25 calendar…
The implications of the ERTEs in the Corporate Income Tax, in addition to the existing ones in the labor field and in the IRPF of the workers. How affects the ERTEs in the Corporate Income Tax Firstly, there is an obligation to withhold tax on the income paid to employees during the year. Many…
How the Cessation of Activity is taxed in the Personal Income Tax of the Self-Employed is also a question that many people ask themselves. Covid-19 caused that many thousands of Self-Employed have had to apply for the aid for cessation of their activity. Therefore, if you are a professional or self-employed businessman and you received…
How ERTEs are taxed in the Personal Income Tax Return is a question that many people ask themselves. The healthcare crisis caused by Covid-19 triggered both the number of collective layoffs and temporary staff adjustments. Since the outbreak of the COVID 19, more than four million people have been affected by an ERTE. This is…
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…
