Electronic invoicing is becoming a reality in Spain and has recently come under the spotlight with the Royal Decree implementing Law 18/2022, Article 12, of 28 September, commonly known as the `Crea y Crece Law´, which aims to promote the creation and growth of companies in order to prevent and avoid tax fraud and which…
The Ministry of Finance has introduced a new system for correcting VAT self-assessments, allowing taxpayers to modify their declarations without having to wait for an official response. This change simplifies the process and facilitates the correction of errors or necessary adjustments in self-assessments. This new system is part of an amendment to the General Tax…
The new Organic Law 2/2024, of August 1, 2024, on equal representation and balanced presence of women and men, published in the BOE on August 2, 2024 and coming into force on August 22, 2024, is based on the equality before the law of all citizens as set forth in the first article of the…
We are pleased to share that our Managing Partner, Miriem Diouri García, visited the offices of Blick Rothenberg in London. Blick Rothenberg is a company with a long-standing reputation in accounting and taxation, known for its expertise and professionalism. During the visit, Miriem had the opportunity to meet with the Blick Rothenberg team to explore…
Our partner Miriem Diouri on behalf of MDG Advisors attended the Digital Business World Congress, the most relevant congress in Europe on exponential technologies and business growth with digital strategies. From 11-13 June at FYCMA, this event brought together more than 450 international speakers, global influencers and authorities who discussed new business models, disruptive innovations…
In this article we are going to analyse the fourth presumption of obtaining income included in article 121 of the Corporate Income Tax. This presumption deals with the existence of undeclared income if non-existent debts have been recorded in the accounting books, since the existence of a fictitious liability in the accounts is the counterpart…
Tax residence in Spain is mainly determined by the amount of time a person spends in the country. To be considered tax resident in Spain, it is required to spend more than 183 days a year in the country, or to have the main core or base of one’s economic activities in Spain. Tax residency…
In its ruling of 13 March 2024, the Supreme Court once again addresses the deductibility of directors’ and administrators’ remuneration for corporate income tax purposes. In previous rulings it had already established as a doctrine that non-compliance with commercial regulations regarding directors’ remuneration cannot necessarily lead to the loss of the material right to deduct…
