Publications

We hereby inform you about Form 720, which sets out the statement of the three reporting obligations contained in articles 42 bis, 42 ter and 54 bis of Royal Decree (RD) 1065/2007, of July 27 on “assets and rights held abroad“. The declaration corresponding to fiscal year 2023 must be filed between January 1 and […]

The tax authorities have set thresholds and, if these are exceeded, the money received must be declared in the income tax return. The possibility of selling unused objects has become a lure for internet platforms looking for users in the second-hand market. For some consumers, these virtual sales outlets are an opportunity to earn some […]

Professional practices are in the midst of a technological disruption that is redefining the services we provide. For example, the latest trend is the extensive use of artificial intelligence in various tools that will provide us with new opportunities.   What is ChatGPT? It is a generative artificial intelligence tool, developed since 2018 in the […]

At Bové Montero we are committed to the health and well-being of our colleagues, and this time we are doing it by participating in the Business Padel Tour league. The Business Padel Tour combines the world of padel and networking, promoting physical activity, healthy habits and strengthening teamwork. More than just a sporting tournament, this […]

This January we have talked about the VAT on permanent establishments through our colleague Blanca Lopez (Taxation, Madrid) for the German Chamber, which publishes monthly news from the German-Spanish world and the Chamber’s activities. Each month different topics of interest are highlighted. In its recent Resolution No. V2523-23, the Directorate General of Taxes (“DGT”) summarises […]

On 18 and 19 January, the HLB European Planning Meeting 2024 was held in Brussels, bringing together the European firms of the HLB International network. Bové Montero y Asociados was represented by Andreu Bové (Partner), Gemma Pinero (Partner), Cristina Bové (Marketing) and Monica Bové (Consulting). The purpose of the meeting was to present the new […]

In the following we summarized some important filing deadlines. We trust the information will be of interest. Please keep in mind that 22nd of January 2024 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 earned […]

Last November Maria Luisa Ramirez (Audit) had the privilege of attending the University-Audit Dialogue Conference organised by the Association of chartered accountants of Catalonia and the University of Barcelona. During the session it was commented that “there is a long way to go” in terms of team mainstreaming in view of the forthcoming approval of […]

The second edition of the Accountex congress was held on the 7 and 8 November at the Ifema Madrid exhibition centre. This event returns to Spain for the second consecutive year after being held in London since 2012. On behalf of the firm Monica Bové and Jordi Bosch (Consulting) attended the event. Accountex is the […]

The Official State Gazette (BOE) of 6 December 2023 includes the provision of Royal Decree, 1007/2023 of 5 December, which approves the Regulation that establishes the requirements to be adopted by computer or electronic systems and programmes that support the invoicing processes of entrepreneurs and professionals, and the standardisation of formats of invoicing records. The […]

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 2023. Local business tax (IAE). Immediate Information Supply (IIS). Country by country information (form 231). Please find the corresponding content mentioned below.   Corporate Income Tax […]

The Assembly of Madrid has presented a Bill to temporarily modify the Wealth Tax (IP) exemption in the Madrid region during the period of validity of the Solidarity Tax on Large Fortunes. Currently, the Madrid region has a 100% exemption on the Wealth Tax quota, which exempts Madrid taxpayers from paying this tax. However, since […]

The Supreme Court judgement of 23 October 2023 regarding deductions from previous years in the Corporate Income Tax establishes important precedents that will have a positive impact on taxpayers. In summary, the possibility of including in the base of the deduction for research, development and technological innovation (R&D+i) the expenses incurred in previous undeclared fiscal […]

Bové Montero y Asociados is pleased to announce that seven Partners of the Firm have been included in the 2024 edition of The Best Lawyers in Spain™. Best Lawyers is considered the most trusted and respected source for the legal profession worldwide. Recognition in Best Lawyers is widely regarded by clients and legal professionals as […]

This month, a workshop was held in Madrid to analyse German investment in the Community of Madrid, organised by Invest in Madrid, the office of the Regional Ministry of Economy, Finance and Employment to attract foreign investment to the Spanish capital. The meeting took place at the headquarters of the German Chamber of Commerce for […]