Publications - Tax
COVID-19: The Spanish Customs Department publishes instructions aimed at ensuring the performance of its tasks
On March 16, 2020, the Customs Department published Note NI DTORA 01/2020, issuing instructions derived from the declaration of State of Emergency by Royal Decree 463/2020, of March 14, 2020 (See Note).
COVID-19: Royal Decree declaring situation of emergency published
On March 14 Royal Decree 463/2020 was published declaring a state of emergency to manage the COVID-19 public health crisis (“the Royal Decree”).
China approves extraordinary tax policies for coronavirus pneumonia epidemic
The Ministry of Finance and the State Administration of Taxation (SAT) jointly issued a series of preferential tax policies focusing on key areas and key industries of novel coronavirus pneumonia (NCP) prevention and control (Policies), which come…
Tax Newsletter - February 2020
Publication of the Bill on the Financial Transaction Tax
The Official Parliamentary Gazette has published on February 28, 2020 the Bill on the Financial Transaction Tax (Impuesto sobre Transacciones Financieras, ITF) without significant amendments with respect to the bill sent to the Parliament in January…
The Bill on the Tax on Certain Digital Services is published
The Official Parliamentary Gazette of February 28, 2020 publishes the initiation of the passage through Parliament of the Bill on the Tax on Certain Digital Services (called the Google Tax) to which we referred in our Alert of February 18…
Coronavirus: companies must look out for insurance policies, contracts, employment relations and possible lawsuits
The impact of the health crisis on the business world may have consequences from a contractual, litigation, employment, regulatory and even criminal perspective. The broad range of cases must be addressed individually from a multidisciplinary legal…
Tobin tax and Google tax: new taxes on financial transactions and on digital services are laid before parliament
The financial transactions tax (Tobin tax) is intended to levy 0.2% tax on certain types of transactions for acquiring the shares of listed Spanish companies. The digital services tax (Google tax) will involve a 3% levy on advertising…
Transfer pricing. OECD releases guidance on financial transactions
The OECD released new transfer pricing guidance on financial transactions on February 11, 2020, giving continuity to Actions 4 and 8 -10 in the 2015 BEPS project, also to the report on this same subject launched for public comment in July 2018 (the…
Spain introduces changes to VAT on intra-Community trade
Spain has adapted its VAT law to the EU legislation seeking to simplify and harmonize trading in goods within the EU.
Tax Newsletter - January 2020
Brexit is here: how companies will be affected
On January 31 the UK's withdrawal from the European Union took effect and a transition period began until December 31 this year, in which EU law will continue to be applicable in relationships with the United Kingdom, while waiting for a future…