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Accounting | Tax | HR | LegalParticular case: intra-Community triangular operations
Intra-Community triangular operations (ITO) are performed among three companies located in three different countries. Thus, Company B (intermediary, Country 2) purchases goods from Company A (supplier, Country 1), to be in turn resold to Company C (final customer, Country 3), so that the product will be transported directly from the country of the supplier to that of the final customer, without entering the country of Company B.
Cross-border VAT Recovery in Spain
The refund of VAT incurred in the country of origin (cross-border VAT recovery in Spain) is a highly interesting advantage and yet quite unknown to most businesses.
Deferment and Payment by Instalments of Tax Debts in Spain
Tax debts in Spain undergoing a voluntary or enforceable payment period may be deferred or paid by instalments, after having submitted the taxpayer’s application, if a business’ financial position prevents it from making payments within the terms required by the Revenue Office.
Taxation and deductibility of travel expenses in Spain
The deductibility of subsistence allowances and travel expenses in Spain entails important savings for companies or self-employed workers. However, this requires compliance of a series of conditions and document requirements that need to be taken into account, which we describe in this article. We shall explain all the aspects pertaining to subsistence allowances and transportation costs, food and board, according to the two most relevant taxes for companies in Spain, Corporate Tax and Value-Added Tax.
Form 231: Country-by-country information return in Spain
Entities with consolidated worldwide net turnover exceeding 750 million euros are obliged to file Form 231 from the day following the end of the tax period to which the information to be supplied refers until the following twelve months.
Server as a permanent establishment in Spain
Decision V0066-18 dated 17 January 2018 sets forth that a server located in Spain may constitute a permanent establishment in Spain for the purposes of Corporate Tax.
Telework in Spain: a tool for expansion
Telework in Spain offers extensive advantages for companies in the early business stage and in the geographical expansion stage on a national and international level, with the main aim being to reduce costs in physical infrastructure investments.
Temporary incapacity in Spain (TI): reports and notification timeframes
When an employee is unable to work, whether regarding common contingencies or a workplace accident, companies may have doubts about the kind of reports of temporary incapacity in Spain and about the established timeframes in which to send them to the Social Security.
Specific transfer pricing documentation in Spain
The information contained in the documentation to be made available to the taxpayer in the event of a request from the Tax Agency, varies depending on the net turnover of the companies.
New definition of Digital Permanent Establishment – digital economy taxation
On 21 March 2018, the European Commission put forward a proposal for a Community Directive to regulate the taxation of companies with a significant digital presence and adapt the concept of Permanent Establishment to the Digital sphere (Digital Permanent Establishment).