Post Brexit Tax Effects

Post Brexit Tax Effects

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…

Clarifications ERTE and cessation of activity

Clarifications on ERTE and benefits for cessation of activity

The Tax Agency (AEAT) has prepared a note with clarifications regarding the benefits derived from an ERTE (temporary employment regulation file) and the extraordinary benefit for cessation of activity. Specifically, it refers to the completion of form 190 corresponding to the financial year 2020, to be submitted in January 2021.   Clarifications ERTE and cessation…

Update of the contribution rates for the Self-Employed

Update of the contribution rates for the Self-Employed

An update of the contribution rates for the self-employed applicable to professional contingencies and the cessation of their activity has been approved. The second transitional provision of Royal Decree-Law 28/2018, of December 28, for the revaluation of public pensions and other urgent social, labor and employment measures, provided for a progressive increase in the contribution…