CABRERA RODRIGUEZ ETL GLOBAL Lanzarote, November 27th, 2023 The Tribuna Communication Group annually celebrates its traditional TRIBUNA AWARDS, recognition and awards given to people and companies that with their career and work have contributed and continue to contribute value to society in different sectors and areas, thus betting on the socioeconomic development of Canary Islands and Spain. This year the prestigious communication group has decided to grant the Tribuna Award for the best legal and tax firm to CABRERA RODRIGUEZ ETL GLOBAL, led by its managing partner and founder, Octavio Cab ..read more

We return to the full exemption on Inheritance and Gift Tax in the Canary Islands.  On the past 5thSeptember, Decree-Law 5/2023 of 4th September was published, by which the Canary Islands Government approved the exemption of the tax liability for Inheritance and Gift Tax to 99.9% of the tax rate. This modification means returning to the situation that existed on 31st December 2019, once again allowing the tax liability for acquisitions “mortis causa” or for lucrative acquisitions “inter vivos” (donations) to be exempted by 99.9% of the tax rate. Thus, regarding the tax exemption for ..read more

The Public Treasury, a body of the Ministry of Economic Affairs and Digital Transformation, has been the focus of attention in recent days following the announcement of the issuance targets for upcoming auctions. Specifically, the Public Treasury placed 4.5 billion euros this Tuesday in an auction of 6 and 12-month bonds, paying investors interest at around 4%. In order to shed light on this type of investment, at CABRERA RODRIGUEZ ETL GLOBAL, we analyse the main issues regarding Government bonds at a time when private investors are showing great interest in acquiring this type of debt given ..read more

On 11st April 2023, the Personal Income Tax and Wealth Tax Return Filing Campaign for the 2022 tax year officially begins. An essential aspect of the tax return is the verification of the state or autonomous community deductions that may be applicable, as well as having all the documentation that allows us to support their correct inclusion in our tax return. With regard to the deductions applicable in the Canary Islands, it should be noted that in this campaign important increases in numerous regional deductions have been incorporated, and new ones have been created for the Personal Income Ta ..read more

The initiative www.canarianmarket.com  Some articles have recently appeared at the press commenting on the initiative www.canarianmarket.com,  a platform aimed at facilitating the marketing through the internet of Canarian products in the national and international market (hereinafter Canarianmarket or the platform). According to the news, there would actually be more than 60 Canary Island’s producers who benefit from this initiative. The platform is aimed not only at hotel and restaurant professionals but to final consumers as well, who can purchase products with a delivery time of ..read more

Interview to Octavio Cabrera, CEO Cabrera Rodríguez ETL Global Atlántico Noticias, Radio Televisión Canaria. 30 September 2022 La entrada Interview to Octavio Cabrera se publicó primero en Cabrera Rodríguez ..read more

Tax Form 720, Informative declaration of assets and rights abroad. The CJEU analyzes and rules on the adequacy to EU law of the patrimonial responsibility procedures of Spain and the limitation that was being issued on the refunds of the sanctions imposed in terms of Tax Form 720. Of course, this is an important resolution that completes the results already obtained in the previous judgment in terms of sanctions for non-compliance derived from form 720 and that opens the way to other assumptions in terms of patrimonial responsibility derived from actions of the Tax Office. The judgment of the ..read more

On March 5th and 6th, the real estate sector expo A Place in the Sun Live, will take place in the city of Manchester, England. A Place in the Sun Live is the official exhibition of the Channel 4 TV show and the largest overseas property exhibition in Europe – and it’s coming back to Manchester Central on 5th and 6th March 2022. At the exposition there will be a huge array of overseas property agents with thousands of properties and a range of service companies providing expert advice on legal, tax, healthcare, financial matters to help those who wish to own a prop ..read more

The Royal Decree-Law 31/2021, of December 28 (published in the BOE of December 29, 2021), extends certain terms related to the Canary Islands Special Zone (ZEC) and the anticipated investments of future allocations to the Reserve for Investments in the Canary Islands (RIC). Specifically, with effect from January 1, 2022, the following modifications are introduced in Law 19/1994, of July 6: RIC –  Reserve for Investments in the Canary Islands: Modification of article 27.11 of Law 19/1994 Law 19/1994 allows advance investments to be made, which will be considered as materialization of the R ..read more

In a year end that is full of changes from a legislative point of view, the debate about the State General Budgets for 2022 focuses all the news on the economic matters. On October 13, 2021, the State General Budget Project for 2022 was presented to the Parliament. Within the set of novelties and modifications that are incorporated in the Draft Law on State General Budgets for fiscal year 2022, the establishment of a minimum rate of 15% in the Corporate Tax, which will be applicable to groups, is particularly relevant. It will be applicable to fiscal consolidation’ groups, as well as to entiti ..read more