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2023: The most significant legal developments that companies in Spain should keep on their radar
Garrigues analyzes from every business law angle the most significant legislative changes that are due to arrive next year.
Spain: New levies on energy and on credit institutions and new solidarity tax on large fortunes have been created
Moreover, a temporary limit is placed in the corporate income tax regime for tax groups on the group's use of tax losses generated by its entities in the taxable period, and significant new legislation is introduced on the tax credit for…
Portugal: New measures of flexibilization of tax obligations compliance
New measures to facilitate tax obligations compliance were approved through Decree-Law no. 85/2022, of December 21.
Spain - Startups Law: new tax regime for startups defined
The new law has also added flexibility to the special regime for workers assigned abroad, enhanced the tax treatment of carried interest from the management of private equity entities and set out new rules on the obligation to disclose corporate…
Portugal: Communication of invoices and inventories and invoices issued in PDF: extension of deadlines in 2023
The Government approved, through Dispatch n.º 8/2022-XXIII, of 13 December, from the SEAF, a new…
Tax Newsletter - November 2022
Nearshoring: Key issues for companies looking to relocate or expand business in Mexico
Due to its unique geographic location with respect to the North American, European and Asian markets, as well as its simultaneous integration to global value chains due to international trade and investment treaties such as the USMCA and the…
Governance and fiscal control as a key element of good corporate governance
In a new edition of “Garrigues Sustainable Dialogs”, José Vicente Iglesias, a partner in Garrigues’ Tax Department, discussed with Javier Martín, professor of Financial and Tax Law, the increasing importance attached to taxation from the…
Tax Newsletter - October 2022
The text of the new Solidarity Tax is published and will apply to assets held as of December 31, 2022
The regulation of the tax is proposed by way of amendments (not yet published in the Spanish parliament) to the Non-government Bill on temporary taxes on the energy and finance industries. The elements of the tax will be determined, in general,…
Spain: Strengthening of tax measures to boost energy efficiency and transposition of the regulation of reverse hybrid mismatches
Royal Decree-law 18/2022, of October 18, 2022, published on October 19, 2022, extends by one year the application of personal income tax credits for energy efficiency improvement works on dwellings, and permits unrestricted depreciation/…
A request for information may be regarded as the commencement of an audit
According to the Madrid High Court, if it is shown that the request was directed at determining the taxable amount, the later audit should be considered to have commenced when the request was made, something that will affect the period allowed…