To optimize the 2023 tax closing can be done in the few days left of the year, following a series of recommendations, some of which we have already included in a previous article. In this particular article we are going to tell one more alternative. We are talking about the deduction for financing film productions,…
Financial mistakes of companies are more common than good business practice recommends. Many times decision making mistakes are made that can negatively affect the financial health of the business. That is why adequate Management Control is key to the management of a company. Most common financial mistakes of companies Let’s see what the most…
To pay less taxes in a company is undoubtedly an important part of the management of any business. Therefore, there are strategies that can help reduce them. And this can have a significant impact on the profitability and ability of a business to grow. In this article, we will go over the main strategies you…
The taxation of company cars has recently been clarified by the AEAT. Since it made public a “Note on issues relating to mixed use vehicles transferred to employees”. This addresses the treatment of the increasingly widespread cases of transfer of vehicles to employees by the companies for which they work. This has led to a…
The end of the special tax regime in Portugal for Non-Habitual Residents (RNH) has a date. On October 3rd, the Prime Minister of Portugal, Antonio Costa, announced the end of the special tax regime for non-habitual residents (RNH) on December 31st, 2023. Therefore, as of January 1st, 2024, it will no longer be possible to…
Planning the tax and accounting closing for 2023, at this stage of the year, is an important task. Because we are in time to plan the way to reduce the Corporate Tax. There is little time left to close the fiscal year but we can already know more or less how much we will have…
Outsourcing the accounting of a company is a decision that offers advantages especially for SMEs and freelancers. It consists in the transfer of competences of the accounting management from a self-employed professional or a company to an external professional. This outsourcing can be total when the external professional takes care of everything. Or partial, in…
The exemption of expenses per kilometer in Personal Income Tax is increased. In the Order HFP/792/2023, and Order HFP/793/2023, of July 12, the amount of the per diems and allowances for travel expenses in the Personal Income Tax is revised. Expenses per kilometer in Personal Income Tax (IRPF) The Personal Income Tax Regulation, approved…
The non-resident regime in Portugal versus Spain, and especially what the differences are, is an increasingly common query. And this is because there are more and more professionals who, when starting their activity, and given the freedom they have nowadays to exercise it, consider doing it in Portugal. Likewise, many foreign residents with the intention…
Mandatory electronic invoicing in the private sector in Spain as a result of the approval of Law 18/2022 on the Creation and Growth of Companies, better known as the “Crea y Crece” Law, on September 29, 2022, which establishes electronic invoicing as the only system that may be used in commercial relations between companies and…