Establishing a foreign company in Spain requires careful prior planning, particularly regarding the operating structure and compliance with tax, employment and corporate obligations from the outset.
This tax ensures a minimum effective tax rate of 15% for multinational groups, regardless of where they operate, and combats aggressive tax planning to achieve a fairer international tax system.
While SII focuses on the near real-time reporting of VAT records to the Spanish Tax Agency, VeriFactu acts on invoicing software to ensure the integrity and accuracy of the data.
This measure provides businesses and self-employed professionals with greater control and efficiency in managing their collections, enhancing transparency and security in commercial relationships.
The new SMI is set at €1,221 gross per month in 14 payments, equivalent to €17,094 gross per year, representing a 3.1% increase compared to the previous year.