Publications

Introducing “Doing Business in Spain”, the practical guide with a focus on the foreign investor: Launch of the twelfth edition of the book, conveniently updated in accordance with the current requirements, and prepared by Bové Montero y Asociados. It presents in a summarised and comprehensive way the procedures for doing business in Spain: it analyses […]

HLB España ranked 16th among the best professional services firms in Spain The Spanish business newspaper EXPANSIÓN publishes an annual ranking of the largest firms in Spain that provide professional services in the areas of auditing, consulting, legal and transaction advisory. HLB España is represented on this list, claiming 16th place with a total revenue […]

  Sant Jordi’s Day takes place in Catalonia every year on 23 April. It is a typical Catalan celebration lived with great enthusiasm and joy: the streets are filled with people, roses and books to celebrate this festivity. Bové Montero celebrates this day together with the whole team and in solidarity with the AURA Foundation, […]

The Spanish institute of chartered accountants (ICJCE) has organised a virtual conference entitled “The great challenge: attracting and retaining talent in auditing“. The event was attended by HR managers from several auditing firms, including Bové Montero y Asociados. Attracting and retaining talent in the sector has become a priority issue in recent years. Therefore, this […]

European online sellers selling goods to final consumers in the US should be aware of the Sales Tax obligations. Sales Tax generally applies to the sale of goods to final customers (B2C sales). It does not apply to sales carried out between businesses. Hence B2B sales fall out of the scope of Sales Tax. Each […]

  Approval of 2021 Labour Market Reform On 30 December 2021, Royal Decree-Law 32/2021, of 28 December, on urgent measures for labour market reform, the guarantee of employment stability and the transformation of the labour market was published. The Royal Decree-Law entered into force on 31 December 2021, even though the main measures will be […]

  Company directors: application of the exemption relating to earned income received for work effectively carried out abroad Article 7.p) of the Spanish Personal Income Tax Act   On 4 November 2021, the High Court of Justice of Catalonia issued an interesting ruling, which we will comment on briefly as, without doubt, it is a […]

  The CJEU condemns Spain for Form 720   The Court of Justice of the European Union has just published its ruling on the Declaration on assets and rights located abroad (Form 720). With this ruling, the CJEU condemns Spain for failing to fulfil its obligations with regard to the free movement of capital.   […]

  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 […]

  Extemporaneous offsetting of NOLs   Authors: Andreu Bové (Partner of Bové Montero y Asociados) and Jorge Bonilla (Tax department of Bové Montero y Asociados)   The Spanish Supreme Court confirms through two judgments that the offsetting of Net Operating Losses (NOLs) is a right and not a tax option. With these rulings, the High […]

    The Constitutional Court has advanced, by means of an informative note, the content of a judgement declaring the unconstitutionality of the Tax on the Increase in Value of Urban Land (IIVTNU), the well-known “plusvalía municipal”. In particular, the Supreme Court declares the unconstitutionality and nullity of Articles 107.1, 107.2 (a) and 107.4 of […]

    New law on measures to prevent and combat tax fraud     The recently published Anti-fraud Act transposes the European Union (EU) law on tax avoidance practices and, in addition, introduces changes designed to establish the parameters for tax justice, and to facilitate actions aimed at preventing and combating fraud by strengthening tax […]

  Author: Andreu Bové, Partner of Bové Montero y Asociados   On 1 July, the scope of the so-called “”One Stop Shop” for VAT will be extended. Currently this “one-stop” tax collection system is already being used for certain telecommunication services. The implementation of this new “One Stop Shop (OSS)” system has as its main […]

In light of the recent approval and entry into force of the Digital Services Tax Act and its implementing regulations, affected companies must file their first tax return during the month of July 2021. In this update we will briefly outline the international tax situation and the practical application of this new tax in Spain. […]

The obligation for companies to keep a salary register comes into force on 14th April   The obligation for companies with over 100 employees to implement a gender equality plan and conduct a pay audit came into force this month (March 2021).     March 2019 saw the publication of Royal Decree-law 6/2019, setting out the obligation […]