A recent resolution issued by the Central Economic-Administrative Court (TEAC) introduces additional complexity to the tax treatment of business mergers, restructurings, and reorganisations. In this new resolution, the court argues that it constitutes a form of tax evasion when a shareholder transfers shares to a holding company with the intention of selling them in the … Read more
Spain is introducing new measures to help with business creation
Company directors need to be very careful how they handle the business f the company to avoid personal attack for tax debts
Recent changes to the process brings company liquidations in Spain into the 21st century. This could not have come at a better time considering the business failures cause by Covid-19 restrictions.
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The Income Tax and Wealth Tax Declaration campaign is now underway. All tax residents of Spain are reminded that Income and Wealth Tax Declarations must be filed no later than 30 June.
In addition, Great Fortunes Tax Declarations must be submitted by 31 July.
Please contact us if you would like assistance, as we can prepare and file the declarations on your behalf.
