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Do you know the sanctions for not filing your annual accounts with the Commercial Register? Many companies often often forget about this crucial step, possibly due to inactivity, even though they are officially registered. However, this submission is mandatory and must be made within 1 month period following its approval by the General Meeting of
Knowing and complying with the Non-Financial Disclosure Statement (NFS) is essential for companies committed to transparency and social responsibility. Because of this, Leialta will share with you some key details to ensure compliance with the NFS in Spain. What is the NFS, and who is obliged to submit it? The Statement of Non-Financial Information (EINF in
With the enforcement of Royal Decree-Law 2/2023, March 16th, on 1st of January 2024, Spain has witnessed substantial changes in the regulation of Social Security for students engaged in external training or academic internships. These modifications, applicable to paid and unpaid internships, signify a paradigm shift in Spain. Within this dynamic landscape, it becomes imperative
Suppose your company is taxed by the Economic Activities Tax (EAT), and you have reduced your activity. In that case, it is necessary to check whether the amount of this tax can be reduced. For example, if you have sold machinery or changed premises for a lower amount, this will affect the calculation of the
Since 2022, it has been considered that the shares of unlisted foreign entities whose assets consist of at least 50%, directly or indirectly, of real estate located in Spanish territory may also be subject to IP taxation as if they were entities established in Spain. In addition, the shares in the foreign company must be
The mandatory whistleblowing channel for companies is now a reality. EU member states must adapt to Directive (EU) 2019/1937 of the European Parliament and of the Council of 23 October 2019 and implement a regulation that guarantees the prevention of internal company crime. In the case of Spain, the implementing legislation will be Law 2/2023
If your company rewards employees by giving them shares or units of your own or another company in the same group free of charge or at a reduced price, you have to show in the payroll payment in kind. The amount to be reflected is the difference between the market value of the shares
To create a Foundation, it is necessary to have an initial foundational endowment of at least 30,000 euros, which can be monetary or non-monetary. If the endowment is monetary, 25% of the 30,000 euros must be contributed, and the rest within five years. What if the initial endowment is less than 30,000 euros? The founder
The order regulating assimilated registration with Social Security for workers posted abroad in the service of companies that carry out their activities in Spanish territory has been published in the BOE (Official State Gazette). It details how to act with Social Security in three possible scenarios: When there is a posting to a country that
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,
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