A corporate acquisition or sale can mark a decisive strategic shift in the trajectory of a company. Whether driven by expansion plans, divestment, succession planning or integration into a group, the success of the process depends largely on how its phases are structured and on the rigour with which the financial, legal and tax aspects
This June, the Official State Gazette (BOE) published the approval of the Code IRUS and CNAE, new templates for filing both individual and consolidated annual accounts. This marks a turning point in the corporate reporting obligations for all companies. These new forms must be used for any filings submitted on or after June 3rd, 2025.
More and more businessmen and family groups are considering setting up a holding company in order to protect their assets, optimise the group’s taxation or facilitate an orderly generational handover. However, not all structures are valid and not all situations justify it; it is important to know when to set up a holding company and
This April, Organic Law 1/2025 of 2 January on measures to improve the efficiency of the Public Justice Service has come into force. This regulation forms part of a broader legislative package aimed at transforming and modernising the judicial system. Its objective is clear: to ease the burden on the courts and encourage the use
Since late February and early March, Spain’s State Tax Administration Agency (AEAT) has introduced a new requirement for foreign entities applying for a NIF (Tax Identification Number) using form 036. From now on, certain sections of the form must be completed, including details of shareholders and their ownership percentages in the foreign company. For this
In 2025, self-employed individuals and businesses in Spain will face a new administrative challenge: the update to the National Classification of Economic Activities (CNAE). This reform, published in the Official State Gazette (BOE) on 15th January, is the first in 16 years and will have significant implications for businesses, both operationally and in terms of
For foreign companies planning to operate in Spain, obtaining a non-resident NIF is the first essential step. This number, known as the Tax Identification Number (NIF), allows businesses to meet their tax obligations in the country without the need to establish a Spanish company. If your business intends to carry out VAT-subject activities, the NIF
In November, the draft Law on Corporate Sustainability Reporting was published in the Official Bulletin of the General Courts (BOE), marking a turning point in the reporting obligations of companies in Spain. This new legislation amends the Commercial Code, the Companies Act, and the Audit Law, introducing a unique European framework for the preparation of
There are currently more than 10,000 registered foundations in Spain, which has grown steadily in recent years, reflecting an increase in society’s commitment to social, educational, cultural, and research causes. These entities play a crucial role, channelling resources and efforts for the benefit of the community. However, effective management and compliance with their legal and
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
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