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In some instances, directors may be liable to the tax authorities for the tax debts of their companies. This liability may be joint and several or subsidiary: In the case of joint and several liability, the tax authorities may declare the director jointly and severally liable if they have directly caused a tax infringement. Here,
If you and your partners agree to liquidate your partnership and divide the assets, the partnership must charge VAT on the assets that have been sold. If you cannot deduct this tax, you will incur a tax cost that can be very high, depending on the value of the assets. But there are two options
Since 1 October, part-time workers have been paid the same contributions as full-time workers. Royal Decree-Law 2/2023, of 16 March, modified the wording of article 247 of the General Social Security Law in the sense that, regardless of the worker’s working day, one day of contribution will be one day. Until now, if you were
Having a holding structure in your group of companies means you can apply a series of tax advantages in deductions or special regimes to reduce your tax liability compared to traditional companies. The tax advantages are: Exemption in the case of dividend distributions from investee companies. Dividends distributed by a subsidiary to its parent holding
If a customer stops paying you an invoice one year after the accrual of the transaction, you can take steps to recover the VAT charged (if your company’s annual turnover is less than 6,010,121.04 euros, you only have to wait six months to start these steps). In both cases, you have six months to complete
Two new personal income tax deductions have recently been approved to encourage the use of electric vehicles, plug-in hybrids, and similar. 1. Deduction for the purchase of new vehicles Firstly, a deduction of 15% of the vehicle’s purchase value has been established once subsidies have been deducted. The maximum deduction base is 20,000 euros, so
Royal Decree 1/2023 has modified all employment incentives, including social security for persons on maternity leave and persons hired to replace them. Changes in the Social Security rebate for maternity leave As of 1 September, the 100% rebate will disappear and will become a rebate of 366 euros on the contribution of the person on
The call for aid applications to promote SMEs’ growth through the “Activa Crecimiento” program is now open. It is aimed at all types of SMEs, regardless of their CNAE, and will be free of charge for the beneficiary company. What is the Activa Crecimiento programme? The aid is in kind and consists of having coverage
On 1 September, Royal Decree-Law 1/2023 came into force, significantly changing the hiring system regarding Social Security bonuses and incentives. To access the bonuses, companies must meet the following requirements: To implement an equality plan in the company when companies are obliged to do so. To be eligible for these bonuses/reductions, companies must not have
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