Publications

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 […]

Corporate restructuring (mergers, divisions, exchanges of securities, or contributions from the branches of activity) is a common practice in the business environment. However, these transactions can result in unwanted tax burdens when they involve unrealized capital gains on the transferred assets. In order to ensure that the tax cost does not constitute an obstacle to […]

With the entry into force of the new Law 13/2023, from 24 May, several tax changes have been introduced, among which we would like to highlight the new way of rectifying errors made in the self-assessments submitted.   As is well known, until the entry into force of this new measure, if a taxpayer wanted […]

On 28 July 2023, the AEAT published a note setting out its criteria for the transfer of mixed-use vehicles by companies to their employees. The tax implications for both personal income tax and value added tax have been the subject of debate and controversial interpretation criteria in recent years. The Tax Administration analyses the interpretative […]

We hope you find the following information useful. October 20th, 2023, is the deadline for filing the following returns: Form 303, quarterly VAT return. For taxpayers included in the immediate supply of information (SII) system, the deadline is October 30th, 2023. Form 349, (quarterly/monthly) EC sales list. Form 111, (quarterly/monthly, as applicable) withholdings and payments on […]

Author: Sandra Sariego, tax team leader The tax deductibility of directors´ remuneration is a topic that everyone has been talking for years. The multidisciplinary nature of the matter which cannot be understood if it is not analysed from a triple commercial, labour and tax perspective, and the fact that both Administration and the Courts have […]

The new Government of the Balearic Islands has abolished the Inheritance and Gift Tax (“ISD”) for acquisitions by death or through inheritance agreements (i.e., inheritance, legacy and inheritance in life) made between parents and children, grandchildren and grandparents, and between spouses. The rule provides that only tax residents in Spain can benefit from this elimination. […]

We hereby inform you that Order HFP/792/2023 (link) was published yesterday, revising the amount of the per diem and travel expenses, increasing the part exempt from income tax from 0.19 EUR/km to 0.26 EUR/km. Please note that the tax exemption of these amounts is always subject to proof of travel. The Order entered into force on […]

On 28 June, Royal Decree-Law 5/2023 was published in the Official State Gazette (BOE), which, among other things, includes various labour-related measures. Among these is the transposition of the European Directive on the work-life balance, which had previously been included in the Family Law Project, approved by the Government on 28 May, and which has […]

The deadline for filing the following tax returns is July 20th, 2023: Form 303: Quarterly VAT return. For taxpayers included in the immediate supply of information (SII) system, the deadline is July 31st, 2023. Form 349: (quarterly/monthly) EC sales list. Form 111: (quarterly/monthly, as applicable) withholdings and payments on account of personal income tax on […]

Bové Montero y Asociados received the “Family Business Award” from the EU Business School at a gala event held at L’Auditori in Barcelona, where the graduation ceremony for its final year students was also held. This award recognises family businesses that successfully combine tradition and innovation, make a significant contribution to both the community and […]