News

Today, Friday 9 October 2020, we are celebrating #HLBCommunities Day, a Corporate Social Responsibility initiative held by the HLB International network, which we have been a member of for 32 years. Over the course of the day, all member firms, in some 153 countries, will support a charitable project with the aim of supporting the […]

  Greater transparency: stakeholders and materiality Author: Mónica Bové. Consultant at Bové Montero y Asociados.   In recent years, growing demands from voters, public authorities, and consumers in favour of more and better reporting have seen progress made regarding transparency: beneficial owner registers, automatic exchanges of financial information, transparency gateways in the public sector, and, […]

  HLB International, the global advisory and accounting network, is proud to announce that it has been named ‘Network of the Year’ at the 2020 Digital Accountancy Awards. The award was presented at the virtual ceremony which took place on 30 September. Widely regarded as the industry’s premiere awards programme, the Digital Accountancy Awards celebrate […]

  Tax revenue loss on Corporate Income Tax returns AUTHOR: Susana Arroyo. Tax Manager at Bové Montero y Asociados   Corporate Income Tax (CIT) revenue for the current year shows a loss of around 2.3 billion euro, mainly due to refunds to be paid out to taxpayers. The substantial drop in the ability of CIT […]

  Tax bias in dividends of multinational companies AUTHOR: Belén Fernández. Partner at Bové Monteros y Asociados   Eliminating the full exemption on dividends received by holding companies is a measure with a purely tax-raising purpose and no technical or fiscal reasonableness. The General State Budget for 2021 on which the Government is working is […]

Challenges and opportunities for investments in Spain We have all been surprised by the impact of the coronavirus on business in Spain. What can decision makers in companies do? What business opportunities arise from the current situation? And how can we shape the future of Austrian-Spanish companies? Bové Montero y Asociados organised a webinar together […]

Tax webinar series On 15 September we began our series of tax webinars in conjunction with the Spanish Institute of Chartered Accountants (ICJCE). The tax team at Bové Montero y Asociados will present five sessions on topics of great interest to professionals in the sector throughout September and October. The series forms part of the […]

  Sun and beach for foreign high-net-worth individuals AUTHOR: Andreu Bové. Tax Adviser at Bové Montero y Asociados   It is true that with the changes made to the “Beckham Law” in 2015, the fiscal attractiveness of Spain as a destination for wealthy individuals was reduced in favour of other jurisdictions such as Portugal, Italy, […]

    Non-financial reports: a taxonomy AUTHOR: Andreu Bové. Tax adviser at Bové Montero y Asociados   The  Spanish National Securities Market Commission (CNMV) has published its supervisory report on annual accounts for 2018. The section on Non-Financial Reporting (NFR) reveals that 13 companies submitted qualifications in the verification report, while requests for supplementary information […]

  François Blin appointed new member of the Board of Directors of La Chambre   We are pleased to announce that our partner François Blin has been appointed to the Board of Directors of the Franco-Spanish Chamber of Commerce and Industry, La Chambre, a position he has held since 2019. La Chambre has elected Sara […]

  Webinar “Remuneration of Directors and Senior Management”   On June 16, Bové Montero y Asociados organized a webinar together with the Spanish Institute of Chartered Accountants. Within the “study at home” programme #FormateEnCasa, from the School of Auditing this session was held with the purpose of analysing the basic regulation of the remuneration of […]

Taxation for start-ups and entrepreneurs   On June 17, Bové Montero y Asociados organized a webinar on Taxation for start-ups and entrepreneurs together with the UPC Innovation Ecosystem. Throughout these last years, the business network of our country has been enriched by the irruption of entrepreneurs with great ideas and new projects with a strong […]

What effect will the lockdown have on tax residency? Both the Spanish government and Tax Agency have failed to address this issue. Days spent under lockdown will not count towards tax residency in countries like Germany or France. AUTHOR: Andreu Bové, Tax Advisor Bové Montero y Asociados BOVÉ_CINCODÍAS_210520   The lockdown imposed by our governments […]

Board of directors: personal income tax exemption on income earned abroad   AUTHOR: Francisco Javier Rodríguez. Tax Manager Bové Montero y Asociados   In light of the National High Court pronouncing in favour of the taxpayer, and while we await the Supreme Court’s judgment, it may be premature to rule out the possibility of directors […]

Global mobility after COVID-19 On 8 May, Bové Montero y Asociados organised a webinar in collaboration with the British Chamber of Commerce in Spain. The global crisis caused by COVID-19 has affected all businesses to a greater or lesser extent, and one of the biggest impacts has been the restrictions on employee mobility. Last week, […]