ERD Regime for new entities within corporate groups
Its application raises particularities in newly created entities integrated in groups, which will not be able to benefit from the regime if the joint turnover of the group exceeds 10 million euros.
Changes to Forms 202 and 222: updates to Corporate Income Tax (IS) and Non-Resident Income Tax (IRNR) instalment payments
These adaptations respond to recent legislative and jurisprudential reforms, and affect both the determination of the taxable base and the application of differentiated tax rates.
Transition to Large Company: what it entails, how to notify and legal deadlines
The obligation to notify the Tax Agency of the change in status to Large Company must be fulfilled by submitting Form 036, within one month from January 1st.
Verifactu Regulation postponed: Companies and self-employed will have until 2026 to adapt
The Verifactu system establishes the obligation to issue electronic invoices using software that complies with the technical and security requirements defined by the regulations, thus avoiding tax fraud.
Remission of debt between a parent company and its subsidiary
The remission of debt has tax, accounting and commercial implications. So, it is crucial to document it properly and comply with the corresponding regulations in order to avoid risks and ensure the group’s financial consistency.
Determination of the tax rate in the recognition of tax credits
The tax rate applicable to the recognition of tax credits for losses is determined in accordance with current accounting and tax regulations, considering companies with net sales of less than one million euros.