News

New Pay Transparency Law: A Structural Change in Compensation Management The future implementation of EU Directive 2023/970 on pay transparency in Spain will mark a turning point in how companies manage, communicate, and justify salaries. This is not merely a new formal obligation, but a profound shift in compensation culture, aimed at ensuring pay equity […]

Intensified Penalties for Late Submission of SII (VAT) Records The State Tax Administration Agency (AEAT) has intensified its verification procedures regarding the late submission of records through the Immediate Supply of Information (SII) system for VAT.  Contrary to previous practice, these verifications are now resulting, in certain cases, in the actual imposition of penalties.  SII Record Submission Deadlines  In general terms, […]

The government has approved a 3.1% increase on the 2025 figures, to be applied retroactively from 1 January 2026. The minimum wage for 2026 is set at €1,221 per month (€17,094 per year), representing a 3.1% increase on 2025 and with retroactive effect from 1 January. This increase is mandatory for salaries below €17,094, applies […]

The Court of Justice of the EU has updated the criteria for valuing imported goods where a provisional price has been applied. It is now possible to adjust the customs value when the final price is based on objective and verifiable factors. This facilitates transparency and compliance for businesses and customs authorities.  According to Article 70 of the Union […]

Bové Montero strengthens its team by appointing María Gómez Ramos as the new Director of Human Resources. With over 15 years’ experience in international talent management and recruitment, she will lead both the internal HR department and client recruitment services. She will also drive the strategy and development of her multicultural team.  Bové Montero has appointed María […]

We participated at the 2026 HLB European Conference in Amsterdam, joining over 160 professionals from 30 countries. This annual meeting enabled us to exchange best practices, define strategic priorities, and reinforce our international collaboration, with a core focus on innovation, technology, and creating value for our clients.  Bové Montero participated at the 2026 HLB European Conference taking place in Amsterdam. The event brought together over 160 professionals from 30 countries and is key to define strategic priorities and exchange best practices withing the HLB network, the world’s 8th largest professional services network.  Our partners Andreu Bové Boyd, Mónica Bové Boyd, Gemma […]

The professional services firm Bové Montero y Asociados, member of the HLB network, closed its latest fiscal year with a 12.2% increase in turnover, reaching €14.6 million, according to data shared by the firm. Bové Montero has five offices in Spain, located in Madrid, Barcelona, Palma de Mallorca, Seville, and Valencia, and a workforce of 160 professionals nationwide. This double-digit growth enables the firm to maintain its upward […]

On Wednesday, 28 January 2026, the Official State Gazette (BOE) published the Resolution of 27 January 2026, issued by the Congress of Deputies. This resolution orders the publication of the Agreement to repeal Royal Decree-Law 16/2025, of December 23, as it failed to be ratified by said body. Consequently, Royal Decree-Law 16/2025 is no longer […]

As a member firm of HLB International and representative of the network in Spain, Bové Montero presents the HLB Survey of Business Leaders 2026, an annual report that gathers the opinions of business leaders worldwide. This study analyses how companies around the world are coping with an environment marked by economic, geopolitical and technological volatility, […]

The International Bar Association (IBA) organised the 15th Annual London Finance and Capital Markets Tax Conference, an international benchmark event on tax matters for legal and tax advisory professionals. The event, which was presented by the IBA’s Taxes Committee, took place at The Savoy Hotel in London on 26 and 27 January. Our Firm was […]

This year, Bové Montero will once again be participating in the new conference series, ‘Taxation Cycles’, alongside the Spanish Institute of Chartered Accountants (ICJCE). The series consist of three webinar sessions, each analysing different aspects of taxation. the webinars aim to provide a clear and up-to-date overview of key tax issues, encouraging analysis and understanding […]

Author: Paul Berenguer, Business Innovation Manager Even the most advanced large language models generate false but plausible statements without recognising their own uncertainty. This phenomenon is known as hallucination: when there is insufficient evidence, the model speculates without admitting that ‘it does not know’. Through the paper ‘Why Language Models Hallucinate’, OpenAI argues that these […]

A new extension to the exceptional regime relating to the legal grounds for dissolution due to losses was published in the Spanish State Gazette (BOE) of 24 December under the Fourth Additional Provision, once again addressing the interpretation and application of Article 363.1.e) of the Consolidated Text of the Spanish Law on Capital Companies (LSC).

A new extension to the exceptional regime relating to the legal grounds for dissolution due to losses was published in the Spanish State Gazette (BOE) of 24 December under the Fourth Additional Provision, once again addressing the interpretation and application of Article 363.1.e) of the Consolidated Text of the Spanish Law on Capital Companies (LSC). […]

The recent ruling by the Directorate-General for Taxation (Consultation V2212-25, of 18 November 2025) clarifies key aspects of the treatment of services provided between a Spanish branch and its Italian head office, which forms part of an Italian ‘VAT group’, and its impact on the pro rata deduction. The consultation, submitted by a multinational banking […]