These regulations, the Invoice Systems Regulation RD 1007/2023 and the Future Electronic Invoicing Regulation, which enhance administrative efficiency and hinder tax fraud, affect both companies and the self-employed.
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.
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.
Steps for a correct and penalty-free tax closing: review of the annual accounts, tax and accounting adjustments, depreciations and provisions, VAT and other tax audits, tax returns, submission of annual accounts and review of results and tax planning.
The ITSGF aims to increase the tax effort of those taxpayers with a greater economic capacity to face the inflationary and energy crisis, and to harmonise the different Autonomous Communities in terms of property taxation.
The revocation of the tax identification number has some consequences, and its reinstatement shall be carried out when it is established that the reasons for the revocation have disappeared.