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Spain’s Supreme Court has issued Judgment STS 4675/2025 (20 October 2025), a ruling that marks a significant shift in corporate governance practices in the country. The decision reinforces the judicial control over the Libro Registro de Socios (Shareholder Register Book) and clarifies key principles regarding shareholders’ rights to attend and vote at general meetings. It
At Leialta, we know that a proper year-end closing doesn’t begin when the accounts are filed — it starts much earlier. That’s why performing an accounting and tax review as of 30 November has become an essential step to ensure a reliable and efficient year-end close. Bringing this analysis forward allows you to optimise the
The deadline for filing Form 232 is approaching. On November 30, companies must submit this annual informative return to the Spanish Tax Agency (AEAT), reporting their related-party transactions and any dealings with non-cooperative jurisdictions. For those wondering who is required to file Form 232, the obligation generally applies to companies that have conducted transactions with
In 2025, Spanish regulators have reinforced their control plans in the financial markets (CNMV) and telecommunications/digital services (CNMC). For companies, particularly foreign entities, this means reviewing whether they are required to have legal or technical representation before each authority, depending on their activity. For instance, this may include investment services, marketing of foreign UCITS, notification
The Spanish Tax Agency (AEAT) has introduced Veri*Factu, the new framework of Invoicing Information Systems (SIF). Although Verifactu was initially expected to become mandatory in 2026, the Spanish government has postponed its entry into force until 2027. It will affect companies and self-employed professionals who issue invoices using invoicing software, except those already under the Immediate
In recent weeks, relevant updates have been introduced in labor regulations affecting replacement contracts, labor inspection controls, and subcontrating. These changes have a direct impact on companies’ regulatory compliance and their exposure to potential penalties. Therefore, it is essential for organizations to review their internal procedures and anticipate the risks that these measures may
The Supreme Court has recently established a key criterion that directly affects companies in formation and their shareholders. From now on, the income generated by these companies, as long as they are not registered in the Commercial Registry, will be directly attributed to the shareholders, who will be taxed through to pay tax on it
Nowadays, holding companies are the umbrella that many family businesses need to reorganize their structure and activity as well as for saving taxes. The advantages they offer are undoubtedly attracting companie’s interests. For this reason, we would like to discuss the most relevant aspects of this type of company with you. What are holding companies?
The Spanish government has announced a significant decision that directly impacts the foreign property investment landscape in Spain: the end of the ‘Golden Visa’ programme. The golden visa programme allowd foreigners who made an investment of at least 500.000 euros to reside and work in Spain for a period of time of three years, with
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
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