Tax Address vs. Legal Residence: Key Differences and Implications
Do you have a registered address in one country but live or work in another? You’re not alone. Many professionals — from freelancers and digital nomads to international business owners — often confuse their tax address with their legal residence. While the terms may sound similar, they are governed by different regulations and have very […]
How does the tax system affect small businesses in Spain?
The tax system in Spain is a determining factor in the operability and profitability of small and medium-sized enterprises (SMEs). Understanding the different applicable tax systems and their financial impact is essential for efficient management and compliance with tax obligations. At Gutiérrez Pujadas & Partners, we advise SMEs on how to optimise their taxation and […]
Common tax mistakes in Barcelona companies
1. Late filing of taxes Failure to meet the deadlines set for filing taxes such as VAT, corporate income tax or personal income tax withholdings can result in surcharges and penalties. It is essential to keep strict control of deadlines to avoid penalties. 2. Incorrect application of tax deductions Many companies are unaware of the […]
How to Prepare for a Transfer Pricing Tax Audit: A Guide for Businesses
Transfer pricing tax audits are essential to ensure that companies comply with tax regulations in their transactions with related entities. These regulations require that intra-group transactions – such as the sale and purchase of goods, provision of services or transfer of intangible assets – are valued as if they were between independent parties, following […]
The First Tax and Accounting Steps for a Start-up Company in Spain
Starting a business in Spain involves not only complying with a series of legal steps, but also keeping up to date with tax and accounting matters to ensure the correct operation of the business. The following is a practical guide to the basic tax and accounting aspects that every entrepreneur needs to know in order […]
Supreme Court and Municipal Increment Tax: What’s Changing?
The Supreme Court has added another episode to the legal saga surrounding the municipal increment tax. The recent ruling establishes that taxpayers can request a refund, even if the assessment is final, when they’ve overpaid without making profits. This decision opens the door to seeking reimbursement through the special procedure outlined in the General Tax Law for specific cases of full nullity declaration.
Taxation of corporate income tax in SMEs: Key aspects and legal considerations
Corporate Income Tax is a fundamental tax in the taxation of small and medium-sized enterprises (SMEs). This tax taxes the income of companies, that is, the profits obtained by companies during a specific fiscal year. In the case of SMEs, understanding how this tax is applied and how they can optimize their taxation is essential for their financial management and long-term viability.
Approval of rectifying self-assessments
The approval of rectifying self-assessments marks a significant change in the tax system, now allowing a unique approach to correct self-assessments, replacing the dual system of complementary self-assessment and rectification request.
Understanding the Limitation of Dividend Exemption in Corporate Taxes
In the complex world of corporate taxes, it’s crucial to stay updated on regulatory changes and understand their international business implications. One significant topic sparking debate is the limitation of dividend exemption. In this article, we’ll delve into what this limitation entails and its potential impacts on businesses.
Taxation of Holding Companies on Dividends and Capital Gains from Subsidiaries
Holding companies play a crucial role in corporate structures, enabling efficient management of subsidiaries. A key focus for these entities is taxation related to dividends and capital gains generated by subsidiaries. In this article, we’ll explore key aspects of this topic and how holding companies can optimize their tax position.