The approval of Royal Decree-Law 35/2020, of December 22, on urgent measures to support the tourism, hospitality, and trade sectors and in tax matters introduces new tax regulations to mitigate the economic effects of Covid-19 Postponement of tax debts The income of the tax debt corresponding to all returns-settlements and self-assessments whose term of presentation…
On July 1, 2021, the new Community regulations on distance sales, carried out by a businessman or professional to a private consumer located in a European Union member country, will come into force. VAT rules and regulations The current situation is as follows: 1. There are differences in taxation for VAT purposes between deliveries of…
The approval of the State Budget (hereinafter, “PGE”) for 2021 in Spain is expected during this month of December 2020, the first after the Montoro accounts for the year 2018, which had been extended to date. Among the most relevant tax modifications contemplated in the PGE bill with effect from January 1, 2021, the following…
IAE (Impuesto sobre las Actividades Económicas) is a tax on the economic activity of the company. It is payable only by companies whose turnover exceeds €1 million. The IAE is calculated in stages according to the turnover of the company. Contents1 IAE meaning2 How much is the IAE tax?2.1 There are three tax rates:3 Tax…
In this article, we will explain everything you need to know about the Form D-8, Form D-6 and Form D-4: the rules, who should submit it, under what conditions it is mandatory, the points associated with it, etc. At GMTax Consultancy, we are always at your service. Both foreign investment in Spain and Spanish investment…
Spain is a very good place to start a digital business, as VAT is one of the lowest in the European Union (onwards, “the EU”). If you are doing business online, you must charge Spanish VAT on sales to or from Spain, depending on the different situations. Contents1 What are digital services?2 What is Form…
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