COVID-19Important announcement Dear client, In light of the containment measures recommended by various public authorities, Latorre & Asociados has activated a contingency plan to protect the health of all our employees but ensuring that our clients’ needs continue to be fully met. The plan does not foresee the closure of our offices but the adoption …
Treatment of the Entity Debts’ Write-Offs in the Personal Income Tax (IRPF) of the Partners
A limited liability company owes certain amounts to its partners, individuals who, in the face of the continuing losses of the entity, decide to forgive it, as a contribution to the company’s equity. When in doubt about their taxation, they ask the General Directorate of Taxation (DGT) regarding the tax treatment of this operation in …
Treatment of the Entity Debts’ Write-Offs in the Personal Income Tax (IRPF) of the PartnersRead More
Taxation of Share Issue Premiums and Partner Contribution Returns
We are going to review how to tax share issue premiums and contributions from partners’ returns after the tax reform of the IRPF Law 26/2014. The share issue premium can be understood as the surcharge to be paid for a share in relation to its nominal value. The share issue premium refunds consist, fundamentally, in …
Taxation of Share Issue Premiums and Partner Contribution ReturnsRead More
“Beckham Law” Spanish Non-Resident Income Taxation for Residents in Spanish Territory
Popularly called “Beckham Law” was approved to allow non-residents who acquired tax residence in Spain to continue paying taxes under the non-resident income tax (IRNR) system, that is, by applying a lower fixed general rate at the marginal rate provided for in the regulations on Personal Income Tax (IRPF), in the tax period in which …
“Beckham Law” Spanish Non-Resident Income Taxation for Residents in Spanish TerritoryRead More
