Taxation for start-ups and entrepreneurs   On June 17, Bové Montero y Asociados organized a webinar on Taxation for start-ups and entrepreneurs together with the UPC Innovation Ecosystem. Throughout these last years, the business network of our country has been enriched by the irruption of entrepreneurs with great ideas and new projects with a strong…

  RDL 19/2020: main commercial and tax changes   At Bové Montero y Asociados we summarise and analyse the main tax and commercial changes adopted in Royal Decree-law 19/2020, of 26 May 2020. These include changes to: Deadlines for preparing and approving annual accounts Filing annual accounts with the Commercial Register Deferring tax liabilities Filing…

What effect will the lockdown have on tax residency? Both the Spanish government and Tax Agency have failed to address this issue. Days spent under lockdown will not count towards tax residency in countries like Germany or France. AUTHOR: Andreu Bové, Tax Advisor Bové Montero y Asociados BOVÉ_CINCODÍAS_210520   The lockdown imposed by our governments…

Board of directors: personal income tax exemption on income earned abroad   AUTHOR: Francisco Javier Rodríguez. Tax Manager Bové Montero y Asociados   In light of the National High Court pronouncing in favour of the taxpayer, and while we await the Supreme Court’s judgment, it may be premature to rule out the possibility of directors…

Global mobility after COVID-19 On 8 May, Bové Montero y Asociados organised a webinar in collaboration with the British Chamber of Commerce in Spain. The global crisis caused by COVID-19 has affected all businesses to a greater or lesser extent, and one of the biggest impacts has been the restrictions on employee mobility. Last week,…

We highlight some of the latest tax measures introduced by the government, with effect from 23 April 2020:   1. Reduced 0% VAT rate for specific medical equipment. Zero-rate VAT will be applied to supplies of goods, imports, and intra-EU acquisitions of goods when the recipients are hospitals, clinics, public bodies, or private centres that…

  From 23 April 2020, electronic books, newspapers, and magazines will be taxed at 4% VAT.   Until now, the Spanish Tax Agency had repeatedly responded to queries by applying a higher VAT rate compared to goods supplied in printed format, only allowing the 4% VAT rate for books that had been transferred to reading…

On Wednesday 15th April, Bové Montero y Asociados presented another webinar in collaboration with the Spanish Chamber of Commerce in Italy, “The tax outlook in Spain after COVID-19”. The Spanish government has adopted urgent extraordinary measures to tackle COVID-19 which will affect businesses when it comes to paying tax. In this session, Andreu Bové (Tax…

International Tax – COVID-19: OECD Recommendations   The OECD has recently issued recommendations on the implications of the COVID-19 crisis on cross-border workers, permanent establishments and the place of effective management of companies. Although these recommendations should be interpreted as soft law (i.e. not legally binding), they can be used as guidance until the Tax…

Tax webinar with the German Chamber to tackle COVID-19 On Friday 3 April, Bové Montero y Asociados, in collaboration with the German Chamber of Commerce in Spain, organised a webinar called “Extraordinary tax measures to tackle COVID-19 in Spain”. This session formed part of the Chamber’s “Current legal and tax affairs” series, bringing together a…

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