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…
The reduction of the VAT of the masks by the RDL 34/2020 is approved, which reduces it from 21% to 4%. This past Thursday, November 19th, the urgent measures to support business solvency and the energy sector, as well as tax matters, came into effect after their publication in the Official State Gazette (BOE). …
The extension of the ICO credits was approved on November 19th. The date on which RDL 34/2020 was published in the BOE. By which the measures relating to the financing of the self-employed and companies granted by the Official Credit Institute are approved. ICO credits regulated by RDL 8/2020, with support measures to face the…
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…
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…
The Tax Authorities cannot register a domicile or company without a duly justified reason according to the Supreme Court’s ruling. The Second Section of the Administrative Chamber of the Supreme Court in Appeal No 2966/2019 has annulled the authorisation of the Tax Inspectorate to enter the domicile of a company for lack of reasons. This was based…
New aid campaign for SMEs in the Community of Madrid, effective from today. The CAM has issued an agreement granting direct aid to the SMEs affected by Covid-19. This is in the form of a subsidy to cover the costs of salaries, social security, rentals and purchases of protective materials incurred between 14 March and…
