How to set up a subsidiary in Spain: Steps and Requirements
201811.20
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How to set up a subsidiary in Spain: Steps and Requirements

To incorporate a subsidiary in Spain or in any other location of Spain requires to create an entity with its own legal status, despite that the parent company contributes with the share capital and with the management of the subsidiary. It should not be forgotten that a subsidiary is an independent legal entity (with its…

Deduction to avoid legal double taxation for the tax paid abroad (Limits)
201803.06
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Deduction to avoid legal double taxation for the tax paid abroad (Limits)

With the internationalization of the economy in recent decades, various mechanisms have been established to avoid double taxation in the domestic legislation of each country, in addition to have signed different Double Taxation Treaties. One of these methods is the deduction for international double taxation of Corporate Tax, which can be legal or economic depending…

Tax benefits of small companies (2018)
201712.13
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Tax benefits of small companies (2018)

The special tax regime for small companies is designed to provide several benefits to small businesses. This is a framework that entrepreneurs, SMEs and self-employed professionals must know to be able to take advantage of it by fulfilling the necessary requirements. What is fiscally a small company and its exceptions Small companies are those entities…

Impossibility to carry forward tax losses
201710.11
0

Impossibility to carry forward tax losses

The Spanish Tax Agency has recently issued some requests on Corporate Tax filed out of date and with tax losses carried forward, considering that it is not applicable. They are based on a resolution of the TEAC (Tribunal Económico Administrativo Central) of April 4th, which qualifies them as a tax option that is not applicable…