The Spanish Ministry of Finance has announced that the new invoicing software requirements known as VERIFACTU will be postponed until October 2028. This is the second delay to the timetable. VERIFACTU was originally expected to become mandatory during 2026, before being postponed to 1 January 2027 for companies subject to Corporation Tax and 1 July … Read more
Back from the summer holidays and looking for some good news? Here is a little tax gift for landlords in Spain. Imagine you own a property which you rent out. You have a mortgage on the property and, as part of the mortgage conditions, you have taken out a life insurance policy which gives you … Read more
With the October Modelo 202 deadline approaching, companies subject to Corporation Tax should review how their advance payment is calculated and what information is taken into account. Modelo 202 payments are made on account of the company’s final Corporation Tax liability and are later taken into account when the annual Modelo 200 is filed. Understanding … Read more
Paying taxes on time is a fundamental obligation for both individuals and companies in Spain. However, businesses may occasionally face temporary cash flow difficulties, making it challenging to meet their tax obligations without affecting their day-to-day operations. In such circumstances, the Spanish Tax Office (AEAT – Agencia Estatal de Administración Tributaria) provides a formal mechanism … Read more
In a property sale with deferred payment, a simple question can have significant tax implications: what happens if, after signing the agreement, the purchaser and seller decide to change the dates and amounts of the outstanding payments? This is no minor issue. In certain transactions, corporation tax regulations allow the income derived from the sale … Read more
Would you like to reduce your tax liability while supporting organisations that create a positive social impact? In Spain, donations made to eligible non-profit organisations can offer significant tax advantages. Individuals and companies that support entities covered by the special tax regime of Law 49/2002 may recover a substantial part of their contribution through tax … Read more
Retirement is a contributory Social Security benefit designed to replace employment income when a worker ceases, either fully or partially, their professional activity upon reaching the statutory retirement age and meeting the legal eligibility requirements. However, claiming a retirement pension does not always mean leaving the labour market altogether, as Spanish legislation provides several retirement … Read more
Technology has transformed the way businesses operate. Emails, instant messaging platforms, mobile phones and remote working arrangements allow employees to remain connected wherever they are. For employers, however, this flexibility also creates an important compliance issue. Spanish labour law recognises employees’ right to digital disconnection and requires companies to adopt measures to ensure that this … Read more
What Is a Director’s Loan in a Spanish Company? A director’s loan occurs when a company director or shareholder lends or borrows money from/to the company. This situation is particularly common in small and medium-sized Spanish companies, especially those managed by their owners. Often, directors will initially fund the company themselves or withdraw funds during … Read more
Every year, thousands of taxpayers review their tax information before submitting their annual tax return. For some, the surprise comes when the Spanish Tax Office (AEAT) attributes gambling winnings to them from online betting platforms they have never used. Behind this situation may lie an increasingly common problem: identity theft in online gambling accounts. When … Read more
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