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,...