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A natural person who invests in cryptocurrencies will have to declare their profits in their income tax return, while a legal entity will have to declare their profits in their corporate income tax return.
In January 2021, the Government implemented a reform in the tax tranches of the PIT for labour income and there will be an increase of two percentage points, from 45% to 47%, for income above 300,000 euros.
Negative taxable bases (BINs) can be offset in subsequent tax periods without any time limit, although with a series of quantitative limitations depending on the amount of the entity’s turnover.
The economic benefit of the TI in cases related to Covid-19 is pay by the entity that protects the professional contingency of the company’s employees and will be charge from the day after the sick leave until the date of discharge.
The procedure for claiming Form 720 fines will depend on the situation of each taxpayer: appeals in progress, appeals not lodged but penalties within the deadline for appeal and final penalties.
The consequences of failure to comply with Model 720 are disproportionate in view of the objectives pursued by the regulatory framework, which are to ensure tax control and the fight against fraud.
The new method for calculating capital gains tax will offer taxpayers the possibility of choosing between two options (objective and real method), being able to opt for the more favorable one, as long as the value of the land undergoes a real increase.
New internal flexibility mechanisms are implemented in companies to avoid dismissals, revising the current model of ERTEs and creating the so-called RED mechanism.
Law 10/2021 of 9 July 2021 on remote work amends Article 40 of the Law on Offences and Penalties in the Social Order to increase the amount of social sanctions imposed by the Labour Inspectorate.
It is a mechanism to provide incentives for certain activities insofar as the results derived from them have repercussions not only for the company that carries them out, but also for society as a whole.