Publications

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 […]

VAT is a tax that is characterised by its neutrality, i.e. the tax is borne by the final consumer and does not represent a cost for entrepreneurs. This neutrality is achieved by two mechanisms: deduction and refund. The controversy lies in the fact that, while entrepreneurs established in the territory in which the tax applies […]

Application: ALL TAXPAYERS WHO ISSUE INVOICES AND ARE NOT REQUIRED TO USE THE Immediate Supply of Information (SII).   With the publication of Royal Decree 1007/2023 in the Official State Gazette (BOE), the regulation establishing the requirements for billing software systems was approved. The approval of the Ministerial Order that specifies the technical, functional, and […]

In accordance with Royal Decree-Law 2/2023, of 16 March, on 1 January 2025 the additional solidarity contribution will come into force, whereby companies and employees will have to contribute to the Social Security for salaries exceeding the maximum contribution base annually established by the General State Budget Law. Social Security contributions, both by the employer […]

We are writing to remind you of the obligation to file Form 232 – “Informative return on related-party transactions and on transactions and situations relating to countries or territories classified as tax havens” – during the current month, November 2024. Form 232 covers and expands on information previously included in Form 200, the annual Corporate […]

As we had already published in May of this year, as of March 2024, many companies are obliged to have an LGBTI Plan. At that time, as we indicated in the article, the applicable regulations were not fully developed.   On 8 October, the Council of Ministers approved, as proposed by the Ministry of Labour […]