Tax Updates

With effect from 25 July 2025, the Inheritance and Gift Tax regulations in the Balearic Islands will exempt gifts between direct family members (i.e. spouses, children, and grandchildren) from taxation. The new regulations introduce a 100% deduction on tax liability for gifts between family members in Groups I and II. Until now, only inheritances between […]

We hope the following information is of your interest. Please keep in mind, that the deadline for filing the following tax returns is July 21st, 2025: • Form 303, quarterly VAT return. Filing deadline for taxpayers included in the Immediate Supply of Information (“SII”) system is July 30th, 2025. • Form 349, (quarterly/monthly) EC Sales […]

In March 2025, the Supreme Court ruled on the compatibility between Spanish legislation modifying the VAT taxable amount in the event of non-payment and the legal framework established by EU law, in its judgment No. 371/2025. The High Court analysed whether the loss of the right to such a reduction due to non-compliance with formal […]

We hope the following information is of your interest.   Please keep in mind, that the deadline for filing the following declarations is April 21st, 2025: Form 303, quarterly VAT return. Filing deadline for taxpayers included in the Immediate Supply of Information (“SII”) system is April 30th, 2025. Form 349, (quarterly/monthly) EC Sales List (Intra-Community […]

On 17 March, the Official State Gazette (the “BOE”) published the 2025 Annual Tax and Customs Control Plan, which sets out new tax control guidelines for the coming year. In particular, the transfer pricing control will be intensified, with a focus on improving tax compliance. Automated risk analysis tools, greater specialisation and international cooperation will […]

Non-resident taxpayers who move to Spanish territory and who, as a result of this move, acquire tax residence in Spain, may opt to be taxed under the special regime for posted workers, better known as the Beckham Law.   Broadly speaking, the regime allows the taxpayer to apply a territorial criterion for tax purposes for […]

Pursuant to Royal Decree 1007/2023 and the Ministerial Order published on 10/28/2024, which introduce new obligations regarding invoicing software and the Verifactu system versus non-verifiable systems, we would like to update recent developments confirmed by the Spanish Tax Agency (AEAT) in the informative session of 01/21/2025, detailed in section 4 of this circular. 1. Who […]

On 14 November, the Madrid Assembly passed Law 4/2004, which establishes a deduction in Personal Income Tax (PIT) for investments made by new taxpayers from abroad. This new tax incentive, commonly known as the Mbappé Law, has the following features:   1. Deduction in Personal Income Tax (PIT)  A new tax incentive is created in […]

The following is a summary of the most significant recently approved tax measures that will be effective for fiscal years 2024, 2025 and beyond.   1. GLOBAL MINIMUM TAX. The Global Minimum Complementary Tax (“Pillar 2”), which aims to guarantee a minimum effective taxation of 15% in each jurisdiction in which large groups operate, will […]

In the following we summarized some important filing deadlines. We hope this information meets your interest.   Please keep in mind that 20th of January 2025 is the deadline for filing, among others, the following tax returns (quarterly/monthly – as applicable):   Form 111: For withholdings and payments on account of Personal Income Tax on […]

Below we highlight a series of tax obligations to be taken into account during the month of December, which, in short, are the following: Corporate Income Tax Advance Payments 2024. Local business tax (IAE). Immediate Information Supply (IIS). Country by country information (form 231).   Please find the corresponding content mentioned below.   Corporate Income […]

The new tax incentive, named after the French football player Kylian Mbappé (one of the many taxpayers who may potentially benefit from it), will entitle non-resident taxpayers (HNWI, investors…) relocating to the Community of Madrid to apply very significant deductions on Personal Income Tax (PIT).   With the final approval of the “Mbappé Law”, the […]

We are writing to remind you of the obligation to file Form 232 – “Informative return on related-party transactions and on transactions and situations relating to countries or territories classified as tax havens” – during the current month, November 2024. Form 232 covers and expands on information previously included in Form 200, the annual Corporate […]

October 21st 2024, is the deadline for filing the following returns: Form 303, quarterly VAT return. For taxpayers included in the immediate supply of information (SII) system, the deadline is October 30th. Form 349, (quarterly/monthly) EC sales list. Form 111 (quarterly/monthly, as applicable), withholdings and payments on account of personal income tax on earned income. […]

Firstly, it is important to remember that Law 13/2023 of 24 May introduced the concept of the self-assessment correction which allows taxpayers to rectify an error that may have been made when filing their self-assessment; thus, the self-assessment correction replaces, in taxes so established, the current dual system of supplementary self-assessment and correction request. The […]