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
With the beginning of 2025, businesses are entering a critical phase of their planning. January is a key month for tax submissions and numerous accounting tasks. Moreover, companies whose financial year aligns with the calendar year and ended in December must now also start working on their financial and tax year-end closing. This process is
With the final weeks of the year approaching, taxpayers have a key opportunity to optimise their tax situation and reduce their tax liability on the following year’s income tax return. For this reason, the Spanish Association of Tax Advisors (AEDAF) reminds us that during this period, there are various strategies available to adjust the taxable
The tax management of companies is becoming increasingly complex, especially when it comes to related-party transactions. Recently, the Central Economic-Administrative Court (TEAC) has issued a key ruling that changes the tax treatment of services provided by directors on behalf of related companies. This ruling not only introduces new requirements but also forces companies to rethink
At this time of year, most companies are awaiting the deadlines set by the Tax Agency to submit certain tax obligations. This is undoubtedly a key time to carry out an in-depth review of the accounts and to balance them. In this sense, companies with year-end date on December 23rd, 2023 have until July, 25th
The Directorate-General of Taxes (DGT) and the Tax Agency (AEAT) have announced significant changes to the rules on the communication of information on international tax planning. In Spain, these adjustments, set out in DGT AEAT Resolution 8-5-24, were published last week in the Official State Gazette (BOE) (17-5-24). The European DAC6 regulation requires countries to
Corporate Income Tax is crucial in the fiscal management of companies in Spain. It is a fundamental tax that is levied on the profits obtained by companies and other legal entities in this country. Given that the deadline for submitting the instalments for this tax is the 22nd of April, in this alert we will
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