Publications

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 […]

Under the exemption of Article 21 of the Corporate Income Tax Act, companies can transfer shares in other entities and benefit from an exemption of up to 95% of the profit. However, if the transferring entity has the status of an “asset-holding entity”, the exemption does not cover unrealised capital gains, resulting in higher taxation […]

Beltrán Sánchez Partner of Bové Montero y Asociados For some time now, we have been reading in the media about actions taken by the Tax Authorities against well-known personalities (several ministers, radio broadcasters, sportsmen and women and influencers, among others) for using companies to exercise liberal professions or other activities or services of a highly […]

Bové Montero, in line with its objectives of caring for the health and well-being of its professionals, has launched several initiatives to promote a healthy lifestyle habits among its team. From the Madrid office, some professionals represented the firm at the 3rd Paddle Tennis Tournament organised by the Franco-Spanish Chamber of Commerce, which took place […]

Please be informed that as of 1 June, the three new special situations of temporary incapacity, regulated by Organic Law 1/2023, will come into force. These are the most significant new features of each of them: Sick leave for secondary incapacitating menstruation This is a situation in which a woman may find herself in case of secondary incapacitating […]

In the spanish Official State Gazette (BOE) of 30 May 2023, the resolutions approving the new Annual Accounts forms were published. These, issued by the Directorate General for Legal Certainty and Public Faith, contain a series of changes and new features in the forms for the presentation of consolidated annual accounts and individual annual accounts. In […]