Tax measures for the tourism, hotel and catering industry and trade.
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Tax measures for the tourism, hotel and catering industry and trade.

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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…

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New VAT Regulations for e-Commerce

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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…

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How to Minimize Taxes and Tax Rates in 2021

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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…

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IAE Tax in Spain: Tax on Economic Activities

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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. IAE meaning The taxpayers of the IAE are natural persons (sole proprietorships, self-employed persons), legal…

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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…