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New penalties applicable for labour infringements
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.
Tax deductions for R&D&I
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.
Register of Intra-Community Operators (ROI)
Upon registration, and as long as the Tax Agency does not reject the application, the operator receives the NIF-VAT tax identification number to be able to issue or receive VAT-exempt invoices for intra-Community operations.
Transport Plus in the home office era
Given the impact of Covid-19, the Audiencia Nacional established in a judgement that the company can stop paying the transport bonus when the condition that justifies it disappears with home office.
Arm’s Length Principle in Transfer Pricing
In transactions between unrelated companies, market forces often determine the terms of commercial and financial relationships, whereas between related companies such forces may not directly affect prices.
Depreciation and methods of accounting depreciation
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.
Sanctions for non-compliance with the Home Office Law
The home office agreement is a document that every company must negotiate, draw up and sign with its employees to set out the conditions for home office and, in case of non-compliance, penalties of varying degrees can be apply.
Access of the tax inspector to the registered office of the company
When it is necessary to enter the constitutionally protected domicile of a taxpayer or make records in it, the Tax Administration must obtain the consent of that person or the appropriate judicial authorization.
Form 123 at Tax Authorities
This is a quarterly form that must be filed electronically or in person by the self-employed, SMEs and Communities of Assets, obliged to withhold or pay on account of Personal Income Tax, Corporation Tax and IRNR, which pay income from movable capital.
Corporate income tax for newly created entities
Newly created entities will have a reduced tax rate of 15% in the first tax period in which their taxable income is positive, and in the following period, provided that the entity is newly created and carries out economic activities.