Corporate Tax (IS) Exit tax: payment in 5 yearly instalments Special tax rate 15% for SOCIMIS Tax rate 1% for SICAVs: more difficult to meet the requirements New income to declare for Non-residents and Permanent Establishment: income from leasings and insurances are included. Personal Income Tax (IRPF) Reduction 60% real estate income: only applicable to…
The Royal Decree-Law 5/2021, of March 12, has been approved, considering a set of financial assistance, among which the provision of up to € 7,000 million for companies and self-employed who have their tax domicile in Spanish territory, in case they have been affected by the consequences of COVID-19, to support solvency and reduce their…
The Law Accompanying the 2020 Budget, Law 5/2020, of April 29, has recently been published in the Official Journal of the Generalitat of Catalonia (DOCG), which includes relevant tax changes, especially concerning the Personal Income Tax (“IRPF”), the Inheritance and Gift Tax (“ISD”) and the Transfer Tax (“ITP”). Regarding the Personal Income Tax (IRPF), the…
On 23 April came into force, the Royal Decree-Law 15/2020 of 21 April, that approves certain resolutions regarding leases for non-residential uses, which is applicable in essence to self-employed (“autónomos”) tenants whose activity has been suspended due to the declaration of the alarm state or whose turnover has fallen by 75% compared to turnover for the same…
With the approval of Royal Decree-Law 15/2020, of April 21st, 2020, the extraordinary option for the modality of installment payments provided for in article 40.3 of the Corporation Tax Law(calculated in accordance with the tax base of the first 3, 9 or 11 months of the year, respectively) for taxpayers who have a tax period…
The Spanish Government published a draft law imposing a tax on digital services in Spain, thereby initiating a formal parliamentary procedure to introduce this measure. The goal of this law is to avoid unfair competition with traditional businesses. To whom it will apply? The proposed tax on digital services, approved by the Spanish Cabinet on…
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