On 1 January 2020, the new VAT rules applicable on cross-border trade (intra-community transactions) come into force, following amendment of Directive 2006/112/EC.
A growing number of companies and self-employed workers are choosing long-term rentals in order to lower costs and not have to buy certain goods. Vehicles are the most popular assets to long-term vehicles rental in Spain.
The European Union’s (EU) anti-tax avoidance directive introduces five measures combatting aggressive tax planning which are legally-binding on Member States.
Whistleblowers assist in detecting and preventing corruption, however comprehensive protection of whistleblowers laws are needed. The European Commission proposed comprehensive laws which are currently under consideration.
Cryptocurrency for Tax Authorities: The current cryptocurrency taxation approaches vary widely between countries. This is concerning as cryptocurrency poses concerns of tax evasion, which tax authorities are vulnerable to due to large discrepancies between countries’ cryptocurrency tax regulations.
New corporate tax measures in Spain: General State Budget Law 2018 introduces reduction of income for intangible assets, tax credits for investments in entertainment productions, auditing powers and more.