Tax residence in Spain is mainly determined by the amount of time a person spends in the country. To be considered tax resident in Spain, it is required to spend more than 183 days a year in the country, or to have the main core or base of one’s economic activities in Spain. Tax residency…
In its ruling of 13 March 2024, the Supreme Court once again addresses the deductibility of directors’ and administrators’ remuneration for corporate income tax purposes. In previous rulings it had already established as a doctrine that non-compliance with commercial regulations regarding directors’ remuneration cannot necessarily lead to the loss of the material right to deduct…
It is commonly known in our Autonomous Community of Andalusia that the Law on Transfer Tax ( Law 5/2021, of 20 October, on Assigned Taxes of the Autonomous Community of Andalusia), in its article 44, allows real estate professionals to benefit from a reduced Transfer Tax rate of 2% on the purchase and sale of…
Many companies throughout their economic life require financing to carry out their business projects. Our firm is familiar with this type of operation, which is becoming increasingly common when the investment does not normally materialise at the time of incorporation of the company, via share capital, or as a contribution from partners. When…
The contribution of private assets without economic consideration to the community property is an operation worthy of being studied from a tax point of view, especially after the last ruling of the Supreme Court. The subjection to the Tax on Onerous Patrimonial Transmissions is discarded, since in this case we speak of gratuitousness, instead…
On 27 December 2023, Royal Decree 8/2023 was published, amending the Law on the Solidarity Tax for Large Fortunes. This modification means that non-resident taxpayers who in 2022 were obliged to file Form 718 of the Solidarity Tax for Large Fortunes, can now recover part of the amount paid to the Tax Agency. Prior to…
Tax management is a crucial aspect of tax administration at both national and international level. In the area of international double taxation, the choice between exemption or deduction plays a fundamental role in optimising the taxes paid by taxpayers. However, it is important to note that this choice cannot be changed after the voluntary deadline,…
We are pleased to announce that our founder and Managing Partner, Miriem Diouri García, has been re-elected as a member of the National Board of the British Chamber in Spain. The re-election took place during the Annual General Meeting held yesterday in Madrid. In her role as a member of the National Board, Miriem will…
We were honoured to receive a visit from Alicia Izquierdo, Councillor for Innovation at Malaga City Council, at MDG Advisors. During her stay, we explored the transformative impact that technological development has had on traditional services in the province of Malaga. We discussed how the integration of technology has revolutionised various sectors, from customer service…
With the publication of Law 13/2023, of 24 May, important modifications were included in tax matters, among which we would like to mention the creation of the new figure of the self-assessment rectification, which replaces the dual system of complementary self-assessment and request for rectification foreseen in the General Tax Law (LGT) that we had…