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Does your company carry out a significant volume of transactions with foreign companies or hold assets and liabilities abroad? The third quarter of 2026 ends on 30 September. For certain companies, this means an additional reporting obligation before the Bank of Spain: filing the quarterly Form ETE. Companies subject to quarterly reporting will have until
The Spanish Council of Ministers has approved a new Royal Decree that will expand the information companies must provide to employees about the conditions of their employment relationship. The rules are not yet in force, so companies do not currently need to apply the new requirements. However, it is advisable to understand the announced changes
Being an asset-holding company does not prevent a company from applying the capitalisation reserve for Spanish Corporate Income Tax purposes. The Spanish Directorate-General for Taxes (DGT) confirmed this in a 2026 binding ruling concerning a company that leases commercial premises and has no employees managing those rentals. In addition, the DGT clarified an issue that
As the baby boomer generation gradually approaches retirement, one of the major challenges facing family businesses is coming into sharper focus: deciding what will happen to the company and the assets built up over decades. José Luna, Partner and Head of LEIALTA’s Corporate and Legal Department, discusses this issue in an interview published by MUY
The Spanish Supreme Court has recently established an important criterion for companies carrying out corporate restructuring transactions under the FEAC regime. In Judgment 949/2026 of 20 July, the Court clarifies that if the Spanish Tax Agency considers that a transaction pursues an abusive tax advantage, it cannot automatically eliminate all the effects of tax neutrality
On 12 August 2026, the new European Packaging and Packaging Waste Regulation, known as the PPWR, will start to apply generally across the European Union. The Regulation establishes a common framework throughout the EU and covers packaging across its entire lifecycle, from design and composition to marketing, reuse, recycling and waste management. Its scope includes
What happens if a company receives an inheritance or a legacy? Although a company can be named as a beneficiary under a will, the tax treatment is different from that applicable to an individual. The Spanish Directorate-General for Taxes (DGT) analysed this situation in a binding ruling issued in April 2026. The case concerned a
From 1 August 2026, all companies will have six months to report the main or sole occupation of their workers to the General Treasury of Spanish Social Security. This new obligation is included in Royal Decree 643/2026 and affects all employees registered under any of the company’s contribution account codes. However, the information will not
LEIALTA is a comprehensive business and social consulting firm, with offices in Madrid and Bilbao, that provides specialised advice in legal, corporate, accounting, tax, labour and social consulting matters. After more than ten years supporting Spanish and international companies, at LEIALTA we continue to move forward with the same purpose as always: to provide professional
A company with a revoked Spanish tax identification number (NIF) may become practically blocked before the Commercial Registry in Spain. Even the resignation or removal of its director may remain unregistered until the situation is regularised. This has been confirmed by a recent resolution of the Spanish Directorate-General for Legal Certainty and Public Faith, published
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