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
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 the coming years, regulatory compliance will become a top priority for companies operating in Spain. The Anti-Fraud Law 2025, passed in December 2023, represents a milestone in the way financial information must be recorded and reported. Its main goal is clear: to eliminate tax evasion and ensure that every business transaction is accurate, traceable,
Spain is one of the top destinations for foreign nationals, not only for its tourist appeal, but also as a place of residence, investment, or retirement. However, navigating the Spanish tax system can be complex if you’re not fully aware of which taxes apply and under what circumstances. For this reason, this alert provides an
July begins with several key issues to bear in mind from an accounting, tax and strategic perspective. On the one hand, the end of the first half of the year offers companies an opportunity to assess their financial situation and adjust their roadmap for the second half. On the other hand, various tax measures remain
June marks the midpoint of the fiscal year and brings together three key milestones that are important to consider from an accounting and tax perspective. It is a crucial month both for high-net-worth individuals and for companies aiming to keep their accounting information up to date and to plan their year-end closing with confidence. Below,
In recent weeks, Royal Decree-Law 4/2025 has been published in Spain’s Official State Gazette (BOE). This is a key piece of legislation aimed at easing the accounting and financial burden on companies still struggling with the effects of recent health and geopolitical crises. In addition, the package includes a plan to address the growing challenges
As the first quarter comes to a close, it is time to fulfil the corresponding tax obligations. In this regard, April is a key month for businesses and self-employed individuals, as it is crucial to submit taxes within the established deadline to avoid penalties or surcharges. During this period, from 1st to 21st April, multiple
Tax deferral is one of the main advantages of investment funds for residents in Spain. It is a mechanism that allows the deferral of income tax (IRPF) on the gains made when transferring capital from one fund to another. This means that the investor does not pay taxes until they decide to recover their money,
The 2024 Spanish Income Tax Return filing period opens on 2nd April to 30th June. As every year, the Spanish Tax Agency has introduced some changes to the process. This time, two key updates could help taxpayers avoid penalties and simplify the correction of errors: fields 669 and 701. Below, we outline the most important
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