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Foreign Investment Declarations: Form D-8, Form D-6 and Form D-4

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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…

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VAT on Digital Services

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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. What are digital services? Los servicios digitales son…

What Are The Benefits Of Tax Planning
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What Are The Benefits Of Tax Planning

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The main purpose of tax planning is to legally reduce or defer the amount of payable tax and use that money to generate income and adjust cash flow. Consistent and proper planning can save or delay payment of many of the taxes you pay: value-added, profits, or personal income. Proper preparation and consistent execution generally…

How should companies face a tax audit or tax inspection in Spain?
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How should companies face a tax audit or tax inspection in Spain?

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There are different types of tax audits or inspections done by th Spanish Tax Office. However, they all serve to ensure that a company has paid its taxes correctly and in the correct amount within a certain period of time. Whatever the reason for the tax audit, it is important that the company is aware…

Tobin Tax: Financial Transaction Tax in Spain
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Tobin Tax: Financial Transaction Tax in Spain

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The Sánchez government has adopted a limited financial transaction tax. At the cabinet meeting in February, the coalition of the socialist PSOE and the left-wing alternative Unidas Podemos decided to introduce a Tobin tax on share purchases and sales. The financial transaction tax got approved in June. According to current estimates, the state expects this…