The period to submit the Annual Declaration of Assets and Rights Located Abroad (Tax Form 720) for FY2017 runs from 1st January to 31st March. This recurring obligation to submit information was established under Act 7/2012, 29th October, which amends tax and budget legislation and adapts financial regulations to step up fraud prevention measures, and…
Last 10 February 2018, Spanish Royal Decree 62/2018 was published, amending the Regulation on instrumentation of company commitments with employees and beneficiaries in respect of pensions, approved by Spanish Royal Decree 1588/1999, and the Regulation on pension funds and plans approved by Spanish Royal Decree 304/2004. In light of this new Spanish Royal Decree 62/2018,…
Fiscal year 2018 is beginning, and although the bulk of taxation regulations from the previous period essentially remains, there are new elements that we will analyse below. Many of them are the result of last 29 December’s approval of Spanish Royal Decree 1074/2017, amending the Regulation on Personal Income Tax (IRPF), the Corporate Tax Regulation…
The new Law 6/2017 on Urgent Reforms to Self-Employment introduces some developments, starting in 2018, in regard to deductible expenses for employers and self-employed professionals. For this purpose, at Arrabe Integra we gave prepared the following tax guide to clarify which expenses are tax deductible and which are not. In the first place, we must…
On 30 December 2017, Royal Decree 1072/2017 was published in the Official State Gazette (BOE), of 29 December, amending the tax penalty system general regulations, including the fines to be imposed on companies participating in the new real-time VAT management system (Immediate Supply of Information, SII) who fail to comply with the deadlines established for…
As we have already informed you, Order HFP/816/2017, of 28 August, was published in the Official State Gazette (BOE) on August 30th, approving the informative tax return form 232 for related-party transactions and transactions and situations related to countries or territories deemed tax havens, entering into effect on the day following its publication, applicable to…
90% of companies obligated to the SII already report real time VAT on the Tax Administration server. As reported by Santiago Menéndez, Director General of the Spanish Tax Agency, over 90% of companies required to inform on real time VAT are already doing so. Those participating in the SII can check the website of the…
On 6 June 2017, the Directorate-General for Taxation issued Binding Consultation V1434-17, in which it ruled on the consequences arising from the late filing of the declaration of assets and rights abroad. In the aforementioned Consultation, the Directorate-General for Taxation clarifies that the issue must be addressed from a comprehensive point of view, in…
From Arrabe Integra we want to wish a Merry Christmas to everyone and that can enjoy these days with family and friends. We hope 2018 will be a year of Peace for all. Good luck for next year and that all our projects are fullfilled. Merry Christmas!!