The deductibility of vehicle-related expenses is one of the most controversial issues within the Spanish tax system. Both self-employed individuals and companies face a demanding regulatory framework, in which the Spanish Tax Office pays particular attention due to the frequent mixed use of vehicles both professional and personal. Understanding when and to what extent these … Read more
Spain has officially joined the “no more paper (or dodgy PDFs)” club. Royal Decree 238/2026, approved on 25 March, introduces mandatory electronic invoicing for businesses and professionals (B2B), in line with the “Crea y Crece” Law and the EU’s grand plan to modernise VAT systems. The aim? A noble trio: boost digitalisation, improve traceability, and … Read more
In a move to continue supporting the transition to sustainable mobility, the Spanish government has officially confirmed the extension of tax deductions for electric vehicle (EV) purchases and the installation of charging points through 2026. The decision was announced as part of a new Royal Decree, ensuring that these tax benefits remain in place for … 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
In Spain, businesses and self-employed individuals must comply with a range of tax reporting obligations, among which Form 347 (in Spanish known as Modelo 347) stands out as a key instrument for fiscal control. Far from being a mere administrative formality, this annual informative declaration allows the Spanish Tax Office (Agencia Tributaria) to detect inconsistencies, cross-check transactions between companies, and combat undeclared economic activity. For 2025, the form includes a notable update, making an understanding of its requirements more essential than ever.
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
In September 2025, the Andalusian regional government announced a sweeping reform of its income-tax deductions (IRPF) that removes income limits for several previously restricted measures. Although the reform has been broadly welcomed, many observers have criticized the administration for introducing it so late in the fiscal cycle, arguing that the delay has created uncertainty and … Read more
After 3 years of extensive planning for one of the most dramatic changes in business accounting and taxation in Spain’s history, after numerous delays, we were all set for the Verifactu rules to take effect on 1 January 2026, just 14 working days away! In an astonishing turn, on the 2 December 2025 the Spanish … Read more
What is the Modelo 840? The Modelo 840 is the form that businesses and professionals in Spain must use to register the economic activity they carry out for tax purposes. It is linked to the Impuesto sobre Actividades Económicas (IAE), which is a local tax paid by companies and self-employed people based on the type … Read more
IntroductionTax Form 232 is an essential document for companies in Spain who engage in international transactions with Tax Havens or dealings with related parties. It provides the Spanish tax authorities (Agencia Tributaria) with information about these transactions, ensuring compliance with Spain’s tax regulations and its commitment to international standards of transparency. In this article, we … Read more
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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.
