What is SEPA? SEPA (Single Euro Payments Area) is an EU-led initiative that allows people and businesses to make and receive euro payments across Europe as easily as domestic payments. SEPA standardises bank transfers and direct debits so that cross-border euro transactions within the SEPA zone are fast, secure, and inexpensive. In short, SEPA makes … Read more
What are LEZs? Low Emission Zones (LEZ), or Zonas de Bajas Emisiones (ZBE), are designated areas within Spanish cities where access is restricted for the most polluting vehicles. The aim is simple: reduce harmful emissions, improve air quality, and encourage a shift towards cleaner transport. Under Spain’s Climate Change Law, all cities with more than … Read more
For businesses operating in Spain, compliance with local accounting and tax regulations is a key part of maintaining smooth operations and avoiding unnecessary penalties. One often overlooked—but legally required—obligation is the annual legalisation of statutory books (legalización de libros oficiales). This process, overseen by the Spanish Commercial Registry (Registro Mercantil), ensures the transparency and integrity … Read more
The requirement for businesses and individuals to provide electronic invoices to their clients to secure Spanish anti-fraud regulations has moved a step closer. The Spanish Ministry of Finance has officially published the long-awaited Royal Decree that establishes invoicing and billing software requirements. Overview Since February 2022, when a draft of the intended Royal Decree was … Read more
Changing a bank account in Spain is a common step for residents and non-residents alike, but it requires careful planning to avoid complications. Whether you’re switching banks for better services, changing from a resident to a non-resident account, or simply looking for lower fees, there are several important aspects to keep in mind. Reasons for … Read more
In Spain, companies showing profit in their last Corporation Tax filed, are required to make advance payments for their next Corporation Tax, in three instalments a year: in April, October, and December. These payments can be calculated using two methods outlined in Articles 40.2 and 40.3 of the Corporation Tax Law. Choosing the appropriate method … Read more
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