Comunicació

LAW 7/2024, OF DECEMBER 20, WHICH ESTABLISHES A COMPLEMENTARY TAX TO GUARANTEE A MINIMUM GLOBAL LEVEL OF TAXATION FOR MULTINATIONAL GROUPS AND AMENDS OTHER TAX LAWS

Through this regulation, the European Directive guaranteeing a minimum global taxation of 15% for multinational companies is transposed into national law, and several other relevant tax measures are incorporated, which will come into effect in 2024 and 2025. Complementary Tax to Guarantee a Minimum Global Level of Taxation for Multinational Groups and Large National Groups […]

LAW 7/2024, OF DECEMBER 20, WHICH ESTABLISHES A COMPLEMENTARY TAX TO GUARANTEE A MINIMUM GLOBAL LEVEL OF TAXATION FOR MULTINATIONAL GROUPS AND AMENDS OTHER TAX LAWS Read More »

NEW TAX MEASURES FOR 2025: CHANGES TO IRPF, CORPORATE TAX, AND VAT

At the end of December, significant tax changes were approved through Law 7/2024 and Royal Decrees-Law 9/2024 and 10/2024. These modifications, effective January 1, 2025, aim to adapt the tax system to current economic challenges and promote a more balanced and efficient fiscal framework. Key Changes to IRPF (Personal Income Tax) Higher declaration exemption thresholds:

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NEW TAX REFUND RATES FOR EXPORTS FROM CHINA

On November 15, 2024, China’s Ministry of Finance and the State Taxation Administration issued Announcement No. 15 on Adjustments to Tax Refund Policies for Exports, which will come into effect on December 1. These changes will significantly impact the future business planning of both local and foreign companies involved in export operations from China to

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INFORMATIVE DECLARATIONS FOR THE HOLDING OF ASSETS AND RIGHTS ABROAD AND INTERNATIONAL OPERATIONS

There are different annual obligations of information on the possession of goods and rights located abroad, which must be completed before different administrations. The obligations, in order of maturity, are specified below: ETE FORM – Economic transactions and balances of financial assets and liabilities abroad are reported if they exceed the total amount of one

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EUROPEAN UNION MODERNIZES AND HARMONIZES INDUSTRIAL DESIGN REGISTRATION

The European Union has taken a historic step towards modernizing and harmonizing the registration system for industrial designs. A new legislative package, which came into force yesterday, must be transposed into national laws within the next 36 months. This updated framework introduces significant changes to enhance design protection, simplify procedures, and strengthen the fight against

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EU ADOPTS 15th PACKAGE OF SANCTIONS AGAINST RUSSIA

The European Union has adopted its fifteenth package of sanctions in response to Russia’s aggression against Ukraine. According to the Council, the key elements of the package are as follows: Main Sanctions New Additions to the Sanctions List: This package includes 84 new listings, targeting 54 individuals and 30 entities. For the first time, full

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BRAZIL’S FEDERAL REVENUE SERVICE LAUNCHES PROGRAM TO REGULARIZE ASSETS IN BRAZIL AND ABROAD

Membership is valid until December 15, 2024, and includes payment of income tax and fines. The RERCT 2024 – Special Exchange and Tax Regularization Regime (Base Date: 12/31/2023) is a program created by Brazil’s Federal Revenue Service to regularize undeclared or unregistered financial assets in Brazil. Its main objectives are to combat tax evasion, encourage

BRAZIL’S FEDERAL REVENUE SERVICE LAUNCHES PROGRAM TO REGULARIZE ASSETS IN BRAZIL AND ABROAD Read More »

THE ORDER FOR THE DEVELOPMENT OF THE “VERI*FACTU” REGULATION ON BILLING SYSTEMS AND PROGRAMS COMES INTO FORCE

On October 29, the Order HAC/1177/2024, of October 17, entered into force. This Order develops the technical, functional, and content specifications outlined in the Regulation of the Anti-Tax Fraud Law, approved by Royal Decree 1007/2023, which came into effect on December 7, 2023. The objective of this Order is to detail the technical, functional, and

THE ORDER FOR THE DEVELOPMENT OF THE “VERI*FACTU” REGULATION ON BILLING SYSTEMS AND PROGRAMS COMES INTO FORCE Read More »

NEW OBLIGATION TO ITEMIZE THE SCRAP CONTRIBUTION ON INVOICES FROM JANUARY 1, 2025

In accordance with Royal Decree 1055/2022, dated December 27, on packaging and packaging waste, we inform our customers and collaborators that, starting January 1, 2025, all companies producing packaging subject to Extended Producer Responsibility (EPR) must itemize the contribution to the Collective System of Extended Producer Responsibility (SCRAP) on their invoices. As stipulated in Article

NEW OBLIGATION TO ITEMIZE THE SCRAP CONTRIBUTION ON INVOICES FROM JANUARY 1, 2025 Read More »

THE COMMUNITY OF MADRID APPROVES THE TAX REFORM KNOWN AS THE “MBAPPÉ LAW” TO ATTRACT LARGE INTERNATIONAL INVESTORS

On November 15, the Madrid Assembly officially approved a new deduction for investments by new taxpayers coming from abroad, known as the “Mbappé Law.” The goal of this measure is to attract significant international investors to the Community of Madrid. This new deduction is retroactively effective from January 1, 2024, meaning international investors who have

THE COMMUNITY OF MADRID APPROVES THE TAX REFORM KNOWN AS THE “MBAPPÉ LAW” TO ATTRACT LARGE INTERNATIONAL INVESTORS Read More »

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