NEWS

27 March, 2020

Main aspects to be considered by companies amid COVID-19

The outbreak of the new coronavirus, responsible for COVD-19, has put under huge pressure many companies across Spain and the world. In order to mitigate the effects of such virus, the Spanish government has implemented several measures of which we ...

27 February, 2020

Wealth tax for non-residents who indirectly own assets in Spain

Spanish Wealth Tax (WT) taxes individuals’ net worth, i.e. assets directly owned by them minus charges and encumbrances which might diminish its value. Non-tax-residents in Spain are only taxed with WT on assets held in Spain. In this case (binding ...

28 January, 2020

Exit tax upon loss of Spanish tax residency

If you are a Spanish tax resident and are thinking about changing your tax residency to a different country, you might have a tax liability for unrealised capital gains. Binding consultation ref. V2959-19 explains the tax consequence for an individual ...

27 December, 2019

Claiming a plusvalia tax refund when you are not the liable taxpayer

The Supreme Court has recently decided if a person who agrees to pay a plusvalia tax upon purchasing a property, even when from a legal point of view the other party is liable of such payment, is entitled to claim ...

29 November, 2019

How are profit participating loans considered for Wealth tax purposes?

Profit participating loans (PPL) granted to companies are usually defined as a transfer of money to a company by which the lender is rewarded by variable interests rates usually depending on profits. In early anticipation events, such loan is rewarded ...

28 November, 2019

Wealth Tax in Spain for non-European tax residents

Binding tax consultation ref. V0676-19 examines a case where a Mexican tax resident owns several properties in Madrid and its possible wealth tax taxation. Any individual – non Spanish tax resident – is taxed on assets it may own in ...

23 October, 2019

Profit participating loans are considered company’s net worth

The Directorate General for Registers and Notaries (DGRN) on a 19 June 2019 resolves an appeal against a Companies’ registrar decision to not register a shareholders’ decision. The appealing company agreed to transform its company from a public limited company ...

16 September, 2019

Recent rulings on expats’ taxation

Property owners who receive rents and are tax expats will not disqualify as an expat Non-tax resident wishes to become a tax expat in Spain under the rules set out in the Spanish Income Tax Law, with the singularity that ...

6 August, 2019

Double taxation on employment carried out abroad

In the case in hand, a Spanish tax resident who works for a subsidiary in Spain of a UK holding company, travels frequently to the UK to work for such company. Remunerations derived from his work, both in Spain and ...

1 July, 2019

Taxation on payments made to a company’s director

A 23 April 2019 binding Tax consultation has clarified what retention rate must be applied to remunerations paid by a company to its director or board members when such company is part of a holding group. Salaries and payments received ...

Main aspects to be considered by companies amid COVID-19

Wealth tax for non-residents who indirectly own assets in Spain

Exit tax upon loss of Spanish tax residency

Claiming a plusvalia tax refund when you are not the liable taxpayer

How are profit participating loans considered for Wealth tax purposes?

Wealth Tax in Spain for non-European tax residents

Profit participating loans are considered company’s net worth

Recent rulings on expats’ taxation

Double taxation on employment carried out abroad

Taxation on payments made to a company’s director

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