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Category: Spanish Taxation

Common VAT VAT declaration errors and how to fix them

Common VAT VAT declaration errors and how to fix them

VAT declaration

Within the Spanish tax system, the VAT VAT declaration can be a tricky terrain to navigate. Discover the most common mistakes that could affect your tax return and learn how to correct them. Read on for practical tips to make sure you keep your finances in order — don’t let tax mistakes catch you by surprise! Continue exploring our article.

What is the Economic Activities Tax (IAE) and how does it work?

What is the Economic Activities Tax (IAE) and how does it work?

IAE

Knowing how the Economic Activities Tax, or IAE, works is key to a smooth tax journey. Below, we will explore in detail what the IAE is and how it operates in the Spanish business environment. So if you are looking for clarity around this tax and how it can affect your business, we invite you to read on and clear up your concerns!

What are the new forms for filing consolidated financial statements?

What are the new forms for filing consolidated financial statements?

consolidated financial statements

Are you aware of the recent changes in the models for presenting consolidated financial statements in Spain? Accounting regulations are constantly evolving. Therefore, it is crucial to stay informed in order to comply with tax and regulatory obligations. Below, we share with you the most important changes according to the Resolution of May 18, 2023. Keep reading and stay up to date with accounting regulations!

What is the new VAT franchise for the self-employed and small businesses?

What is the new VAT franchise for the self-employed and small businesses?

VAT franchise

The new VAT franchise regime has arrived to change the way freelancers and small businesses in Spain manage their taxes. This article will take you through the keys to this system and how it can benefit your business. Are you ready to simplify your taxation and optimize your operations? Read on to find out more!

How are the 183 days of residence calculated in order to be considered a tax resident?

How are the 183 days of residence calculated in order to be considered a tax resident?

tax resident

Tax residence in Spain is a key concept to determine your tax obligations in this country. Therefore, one of the fundamental aspects to be considered a tax resident is the time you spend in its territory. Here we explain how to calculate the 183 days of residence that can determine your tax status in Spain. Read on and keep your tax situation in order!

Should you “disguise” your income in accounting as if it were a loan from a creditor?

Should you “disguise” your income in accounting as if it were a loan from a creditor?

income in accounting

Keeping an impeccable management of your income in accounting is essential. One of the issues that has generated the most debate is the practice of “disguising” income as loans from creditors. Discover the implications and key tips for keeping your accounting records in order. If you want to make sure your financial practices are sound and in compliance with the law, read on!

What are the Corporate Income Tax installments payments to the Tax Authorities?

What are the Corporate Income Tax installments payments to the Tax Authorities?

Corporate income tax installments

Find out everything you need to know about the corporate income tax installments. To plan your next year successfully, ensure the financial health of your company by complying with your taxes. Read on for more details! 

Conditions for moving from SMEs to large companies

Conditions for moving from SMEs to large companies

large companies

If you own an SME in Spain and you have considered how to take the leap to become a large company, you are in the right place. Here we share with you the conditions you must meet to take that important step and become part of the big companies. Discover how to grow your business and reach a new level of business success. Are you ready to know the details? Keep reading!

What are the differences between CIF and NIF tax data? 

What are the differences between CIF and NIF tax data? 

NIF

Get ready for a revelation! The CIF, or Tax Identification Code, has been out of use for longer than you might think. This tax identifier that used to be used by companies and foundations was transformed into the NIF (Tax Identification Number) in 2008. We explain the differences and how they affect your situation, read on and stay up to date!