We hereby inform you about Form 720, which sets out the statement of the three reporting obligations contained in articles 42 bis, 42 ter and 54 bis of Royal Decree (RD) 1065/2007, of July 27 on “assets and rights held abroad“. The declaration corresponding to fiscal year 2023 must be filed between January 1 and…
In the following we summarized some important filing deadlines. We trust the information will be of interest. Please keep in mind that 22nd of January 2024 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 earned…
In the spanish Official State Gazette (BOE) of 30 May 2023, the resolutions approving the new Annual Accounts forms were published. These, issued by the Directorate General for Legal Certainty and Public Faith, contain a series of changes and new features in the forms for the presentation of consolidated annual accounts and individual annual accounts. In…
On 18 April, the Spanish Accounting and Auditing Institute (ICAC) published on its website the resolution to the following consultations. These answers are based on the General Accounting Plan, approved by Royal Decree 1514/2007, and help to resolve any doubts that some financial departments may have regarding the new legislation. Regarding the accounting treatment of…
Do you have more than 250 employees in your company? You are probably obliged to file a Non-Financial Report (NFR)). Let us explain the key aspects of this law and help you to submit it. In recent years, there has been a growing demand for more transparency from investors, consumers and society at…
Finacining in times of COVID-19 From Monday 6 April 2020, businesses can access the new financing facility guaranteed by the ICO (Instituto de Crédito Oficial). This measure activates the first 20-billion-euro tranche of the 100-billion-euro “Guarantee Line”, which the government has approved to deal with the lack of liquidity caused by COVID-19. How does it…
March 18 saw the publication in the Official State Gazette of Royal Decree-law 8/2020, of March 17, on urgent measures to tackle the economic and social effects of COVID-19, which is effective from the date of publication. We summarise the most relevant Commercial measures affecting legal entities governed by private law of this Royal…
At the end of 2018, Law 11/2018 of 28 December, transposing the Directive on the disclosure of non-financial information and diversity by certain large companies and groups, entered into force. This law obliges the directors of such business entities to prepare a non-financial information statement (NFIS), which will be a document attached to…
