The models that present new changes are those referring to the Administrative Body, Real Ownership and COVID-19, whose failure to correctly fill in the tables included in this last reform prevents the Annual Accounts from being filed with the Companies Registry.
This new regulation brings with it modifications that repeal the previous one referring to 2021, thus approving the new models for the presentation of the annual accounts of obliged parties at the Companies Registry.
The annual accounts must be prepared within three months of the end of the financial year and approved by the General Meeting within six months of the end of the financial year.
In order to calculate depreciations we have to take into account the acquisition price of the asset, the useful life of the asset, as well as the residual value at the end of the depreciation period. There are different methods, depending on the depreciation process we want to obtain.
RD-Law 1/2021, 12th January, introduces new features in the General Accounting Plan to adapt it to the accounting criteria adopted by the European Union and will be applicable for fiscal years beginning on January 1 January 2021.
In order to be able to deduct the VAT on a simplified invoice, the sender must necessarily indicate the VAT number of the recipient or receptor, the full address, full name and the amount invoiced.