Publications

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. […]

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 […]

Electronic invoicing is at the centre of a regulatory evolution in Spain and in the European Union. This change responds to key objectives such as the digitalisation of processes, tax control and the fight against late payment. The most relevant aspects of the recent reforms and their impact on the business fabric are analysed below. […]

On 2 January, the Official State Gazette (BOE) published Organic Law 1/2025 on measures to improve the efficiency of the Spanish National Judicial Service. The regulation entails the abolition of the Golden Visa regime, rendering ineffective Articles 63 to 67 of Law 14/2023 of 27 September, which supported entrepreneurs and their internationalisation by regulating residence […]

On 24 December, Royal Decree-Law 9/2024 of 23 December was published in the Spanish Official State Gazette (BOE), adopting urgent measures in economic, tax, transport, and social security matters, and extending certain measures to address situations of social vulnerability. Among these measures, Article 5.1 of the aforementioned Royal Decree-Law extended the insolvency moratorium for two […]

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 […]

“By fostering innovation and safeguarding fundamental rights, Europe is positioning itself as a global leader in the responsible use of artificial intelligence,” concludes Paul Berenguer (Business Innovation Manager), the author of this tribune.   Artificial Intelligence (AI) has rapidly become a key technology that is transforming the way industries operate and, with economic and social […]

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 […]

Labour management in companies involves taking into account a series of legal obligations that must be rigorously complied with in order to improve the working environment, guarantee the sustainability of the company and avoid possible sanctions. As we approach the end of the year, Bové Montero’s Labour Team summarises the main obligations approved in recent […]

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 […]

The recent judgment of the Court of Justice of the European Union (CJEU) of 13 June 2024, Adient Ltd & Co. KG, C-533/22, once again clarifies a key issue in indirect taxation: the definition and limits of the concept of “fixed establishment” for VAT purposes. The dispute arose because the Romanian tax administration considered that […]

The insolvency moratorium that allowed companies with pandemic-related losses to avoid liquidation will end on 31 December 2024. This will require companies still facing financial imbalances to seek alternative financing to avoid liquidation. The measure introduced in 2020 to give companies time to stabilise suspended the obligation to liquidate companies with negative equity. Many companies […]