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
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
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
OM HFP / 816/2017, BOE 30-8-17Effective for tax periods beginning after 1-1-2016, the obligation to fill in the reporting tables with related persons or entities and with operations and situations related to countries or territories classified as tax havens, traditionally contained in model 200 of corporate tax returns, is transferred to this new information statement …
Related-Party Operations and Tax Havens: Information ObligationRead More
