When starting a business in Spain, one of the first questions many people ask is whether it is better to work as a self-employed individual (“autónomo”) or to set up a Limited Company (“Sociedad Limitada” or SL). This is an important decision because it affects not only your taxes, but also your legal responsibilities, business … Read more
What is Verifactu? Verifactu is a new invoicing control framework introduced by the Spanish Tax Office as part of its wider strategy to combat tax fraud and increase transparency. As explained in more detail in our dedicated article on Verifactu, the system is designed to establish stricter technical and security standards for invoicing software used … Read more
What’s Changing? Until recently, banks and payment platforms only reported large electronic payments to the tax authorities — for example, over 3.000€ or 10.000€ in a year. That threshold disappears in 2026. Because of the Royal Decree 253/2025, all Bizum payments received for commercial activity will be compiled and sent to the Tax Office monthly, … Read more
Starting in 2026, the Spanish Tax Office will enforce updated financial reporting obligations. These changes affect all self-employed individuals and businesses and will also impact banks and payment entities. The objective of the reform (Order HAC/747/2025 and Royal Decree 253/2025) is to provide more timely and detailed financial information, improving transparency, monitoring, and the ability … Read more
The Carbon Border Adjustment Mechanism (CBAM) is an EU regulatory framework designed to ensure that imported goods reflect the carbon emissions generated during their manufacturing process. Its primary objective is to prevent “carbon leakage”—a shift of production to countries with less stringent climate policies—and to maintain fair competition between EU producers and external exporters. As … Read more
If you are self-employed in Spain, you have probably heard that the way you pay into Social Security has changed. Since January 2023, a new contribution system is being rolled out that ties what you pay more closely to what you actually earn. It is a big shift—and one designed to create a fairer, more … Read more
A Crucial Legal Obligation for All Companies Registered in Spain In Spain, the filing of annual accounts (cuentas anuales) is a fundamental legal requirement for all companies listed in the Registro Mercantil (Commercial Registry). This obligation applies to all limited companies, whether they are actively trading, dormant, small, or large. Far from being a mere … Read more
As global tourism continues to surge, authorities in popular destinations face increasing pressure to balance the economic benefits of travel with the well-being of local communities. A key regulatory tool in this effort is the tourist license—an official permit required for short-term vacation rentals. By enforcing legal compliance, protecting local economies, and promoting sustainable tourism, … Read more
Social Security offers an extension of the flat rate contribution scheme for self-employees whose net income does not exceed the Minimum Interprofessional Wage (SMI)
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