Posts

Safety in consumer products according to Regulation (EU) 2023/988, of May 10th, 2023, from the perspective of the manufacturer and the importer

This European Regulation, set to become mandatory in all its facets and directly enforceable across each Member State starting December 13th, 2024, primarily aims to ensure the health and safety of consumers concerning products designed…

Analysis of the Mergers and Acquisitions market in Spain for 2023

The year 2023 was the scene of a number of changes and challenges in the Spanish mergers and acquisitions (M&A) market. According to TTR’s annual report, a total of 3,032 M&A transactions were carried out, with a combined value…

Receiving an inheritance from abroad: special considerations for Spain taxpayers

My habitual residence is in Spain and I receive an inheritance abroad. Do I have to pay taxes in Spain? Can I deduct inheritance tax paid abroad? The tax consequences in Spain of receiving an inheritance abroad will depend on where…

The Co-Investment Fund (FOCO)

In Spain, the Council of Ministers of 27 December 2023 approved the creation of the Co-Investment Fund (also known as “FOCO” in spain). The management of the Fund is entrusted to COFIDES and will have resources from the Next Generation…

When am I a tax resident in Spain? How do I calculate the 183 days?

According to the Law 35/2006 on Personal Income Tax and other Spanish tax legislation, an individual becomes a tax resident in Spain if any of the following circumstances apply: Spend more than 183 days in Spain, during a calendar…

Penalties for Spanish companies for not implementing an ethical or whistleblowing channel

In Spain, Law 2/2023, of 20 February, regulating the protection of persons who report regulatory infringements and the fight against corruption, establishes that all companies with more than 50 employees and organisations that manage public…

Leonardo Cárdenas receives the award for associative collaboration at the 35th AEDAF National Congress 2023

On October 27th, 2023, our Tax Partner, Leonardo Cárdenas Armesto, won the 2023 prize for associative collaboration awarded annually by the Spanish Association of Tax Advisors (AEDAF) to the tax advisor of the year, in recognition of his profile…

Tax Alert | VAT. Main communications to be made in November

Import VAT: Deferral regime for the payment of import VAT quotas During the month of November it is possible to opt for the application of the import VAT deferral regime, effective from January 1st, 2024. It will be extended for the…

Does the “empadronamiento” in Spain imply tax residence in Spain?

If being “empadronado” (registered) implies consequences and fiscal obligations to the Tax Administration, just for the fact of having municipal registration is a recurring question that many citizens frequently ask. First, it’s…