Measures to promote the growth of SMEs in Catalonia

PIMEC and the Minister of Economy and Finance, Alícia Romero, met to discuss measures to promote the growth of micro, small, and medium-sized enterprises in Catalonia. During the meeting, they agreed to establish working groups to improve the tax system and facilitate...

King Juan Carlos I creates a foundation in Abu Dhabi

Depreciation of used assets requires special attention. It is essential to define what is meant by used assets and to identify them correctly. This term refers to assets that have already been used previously. In the specific case of real estate, in order to be...

Tax abuse of small business owners

The new obligations of digital platforms From 1st of January 2024, with the approval of the Cooperative Administration Directive (DAC7), significant changes have been introduced in online taxation, especially on trading platforms. These modifications aim to improve...

VAT on the Transfer of Vehicles to Employees

The treatment of VAT related to vehicles used for business activity remains a controversial issue. A few months ago, the AEAT issued an informative note in relation to this issue in which it was established, based on previous resolutions of the TEAC and the National...

Extension of the Maternity Deduction to Day-care Centres

The Spanish Supreme Court has expanded the deduction for maternity in income tax by accepting daycare expenses for children under three years of age. Previously, the AEAT restricted the deduction exclusively to expenses paid in centers with educational authorisation,...

Tax Authorities’ Campaign to Review the Income Tax Return for Income from Leased Properties

In the last few weeks, we have detected that the Tax Authorities are conducting a massive campaign to review the Income from Real Estate Capital included in the Personal Income Tax return. Tax review of real estate rentals Requests are being sent to many taxpayers who...