Below, we share the position of our office about the possible unconstitutionality of the Wealth Tax for the years 2021 onwards and the mechanisms to request its refund. Since its creation in 1977, this tax figure has always been controversial since it taxes goods and capital for which taxpayers already paid taxes at the time of their acquisition. Since then, and until 2020, this tribute has maintained its temporary nature, alternating between periods in which it was fully subsidised and others in which it was not. However, a substantial modification occurred with the approval of the Law accom ..read more

Recent changes in Personal Income Tax As of 18 July 2023, a new regulation, Order HFP/792/2023 issued on 12 July, has been implemented. This order brings with it a revision in the rates and allowances for travel expenses in the Personal Income Tax (IRPF). Unique item details On travel expenses The main section of this regulation, the sole article, focuses on travel expenses. According to Article 9.A.2(b) of the Personal Income Tax Regulations, an amount calculated by multiplying 0.26 euros by the number of kilometres travelled will be excluded. This is valid as long as it proves the journe ..read more

Tax obligations for February. Informative returns and tax settlements. Until February 28: Form 347: Annual declaration of operations with third parties corresponding to the year 2022. Communications to the Treasury through census declaration (Form 036). Until February 20: Change of frequency Monthly/Quarterly Statements The companies that 2022 submitted monthly declarations and, reviewing the amount of the volume of operations declared in box 108 of Section 10 of Volume of Operations of the Annual VAT Summary (Form 390) of 2022, this is less than 6,010,121.04 €, they must present a M ..read more

The division of the common thing is a right that each co-owner has and is considered one of the causes of the extinction of the common thing. In addition, the co-owner can exercise it without giving any reason to the other co-owners. In Catalonia, since it has its civil law, the division of the common thing is regulated in articles 552-9 and following of the Civil Code of Catalonia. The division of the common thing 1. What are the causes of the extinction of the common thing? 2. How is the division of the common thing carried out? 3. Effects of the division of the common thing. 4. Conclus ..read more

On September 26, 2022, the new Bankruptcy Law came into force, which transposed Directive (EU) 2019/1013 of the European Parliament and of the Council of June 20, 2019. The main objective is to improve the regulation of the Spanish insolvency system. El equipo ETL ILIA Consulting tiene la experiencia y está preparado para encontrar ese punto de equilibrio que pueda dar solución a tu situación de insolvencia, así que puedes contactar con nosotros para asesorarte sobre cualquier medida expuesta, y en general, sobre cualquier cuestión relacionada con la regulación concursal. Among the main nov ..read more

We summarise the tax obligations for November. Monthly settlements (large companies). Forms: 349, 111, 115,123, 216 and 349. Submission deadline: 11/21/2021 Forms: 303 and 322 VAT: Submission deadline: 11/30/2021 Form 232 – Related operations. Submission deadline: 11/30/2021 Certain census declarations. Until 11/30/2021, you can submit: Form 036 of Application for registration/removal from the VAT Monthly Refund Registry. Form 036 of Option or waiver for the electronic keeping of the registry books (SII). Form 036: Communication of the option/waiver for the billing of the recipients of t ..read more

Form 720 has been controversial since it was created, especially regarding its sanctioning regime, which has been considered excessive and contrary to the principle of free movement of capital in the European Union. Now, in two sentences of July 4 and 6, the Supreme Court has annulled the fines derived from non-compliance with the obligation to present Form 720 within the deadline and has declared the retroactivity of said annulment, for which it will be allowed to claim for the sanctions already imposed previously, with the nuances that we will analyse below. In this article, we tell you wha ..read more

The so-called right to the exoneration of unsatisfied liabilities was introduced in Spain in 2015. Since then, it has made it possible for individuals -under certain conditions- to extinguish their debts (without paying them) and thus be able to opt for a second chance. Second Change 1. The liquidation of the debtor’s assets 2. The principle of universal patrimonial responsibility and the second chance 3. Legal regime (pending) 4. Current statu quo 5. Conditions for housing conservation 6. Market Value Vs. outstanding mortgage amount The liquidation of the debtor’s assets The cases of ..read more

Do you have cryptocurrencies abroad? Do you know what tax forms you must declare? If you want to invest in cryptocurrencies, you should know Form 721 and the news of said model for 2022. We will tell you all the details in this article. Form 721 has been created for taxpayers with cryptocurrencies abroad to declare them to avoid fraud and tax evasion. Until now, Form 720 (informative declaration of goods and rights abroad) did not contemplate cryptocurrencies in a specific way, so, to control them, the new Form 721 has been approved. Form 721 is aimed at natural persons with cryptocurrencies ..read more

If you are going to create a business with a commercial company, you must know the taxation of this type of entity to optimise your taxes. The Corporation Tax is the main tax that you must declare. Today’s article tells you what corporate tax is, when it is paid, how it is declared and what new features have been regulated in 2022. Corporate Tax 1. What is Corporation Tax? 2. Who has to pay the Corporation Tax? 3. How much is paid in Corporation Tax? 4. Tax rates of Corporation Tax in 2022 5. How is the Corporation Tax declared? 6. When is the Corporation Tax paid? 7. What’s new in the IS ..read more