We are pleased to announce that our founder and Managing Partner, Miriem Diouri García, has been re-elected as a member of the National Board of the British Chamber in Spain. The re-election took place during the Annual General Meeting held yesterday in Madrid. In her role as a member of the National Board, Miriem will…
We were honoured to receive a visit from Alicia Izquierdo, Councillor for Innovation at Malaga City Council, at MDG Advisors. During her stay, we explored the transformative impact that technological development has had on traditional services in the province of Malaga. We discussed how the integration of technology has revolutionised various sectors, from customer service…
With the publication of Law 13/2023, of 24 May, important modifications were included in tax matters, among which we would like to mention the creation of the new figure of the self-assessment rectification, which replaces the dual system of complementary self-assessment and request for rectification foreseen in the General Tax Law (LGT) that we had…
In Spain, the plusvalía or also known as the Impuesto municipal sobre incremento de valor de terrenos de naturaleza urbana (IIVTNU) or simply “plusvalía municipal” is based on the theory that when a property changes ownership, its value increases over time due to factors such as inflation, urban development and market demand. However, the application…
Our partner Leticia Cayuela, member of the group of young people of the AEDAF and representative of the same in the Provincial Demarcation of Malaga attended yesterday in Madrid to the XVII National Day of studies of the AEDAF, which, counted with prestigious professionals who shared their experiences and knowledge in tax matters. In this professional…
As anticipated in a previous publication of this blog dated May 11, 2023, the enactment of Law 11/2023 of May 8, published in the Official State Gazette (BOE), has represented a relevant event in the modernization of the Spanish notarial system. This law, by incorporating Directive (EU) 2019/1151 of the European Parliament and of the…
Tax Form 720 is an informative declaration required by the Tax Agency that aims to provide detailed information on the assets and rights located abroad of taxpayers resident in Spain. The assets that have to be declared in this declaration are divided into three main groups: Bank accounts and deposits Securities, rights, insurances and incomes…
Unlike other economic activities, property rental has been subject to certain requirements in order to be considered as such for tax purposes, which we will discuss below. For Income Tax, according to Article 27 of the LIRPF, property rental is considered an economic activity when it is carried out by at least one person employed…