VAT Refund: A comprehensive guide for Spanish businesses
A company may recover the amount of input VAT, either fully or partially, through the relevant tax return, depending on the nature of the transaction and other factors.
Consequences of a closed company register entry in the Madrid Mercantile Registry
A closed register entry in the Madrid Mercantile Registry can lead to serious legal and operational issues, such as an inability to register new actions, financial difficulties, and economic penalties.
Main changes in Corporate Income Tax 2023-2024
The changes in the Corporate Income Tax for 2024 in Spain include several novelties and adjustments that seek to improve collection and adapt the tax system to the new economic realities.
Contribution and registration of internships in the Social Security system
In the case of paid internships, the Social Security obligations will correspond to whoever pays the financial compensation, while in the case of unpaid internships, it will be the company that fulfills the Social Security obligations.
Types of Tax Identification Numbers (NIF) for companies in Spain
Both domestic and foreign companies must possess a NIF to operate legally in Spain. The type of NIF depends on the legal structure of the entity and is distinguishable by the first letter of the code.