The contribution of private assets without economic consideration to the community property is an operation worthy of being studied from a tax point of view, especially after the last ruling of the Supreme Court. The subjection to the Tax on Onerous Patrimonial Transmissions is discarded, since in this case we speak of gratuitousness, instead…
On 27 December 2023, Royal Decree 8/2023 was published, amending the Law on the Solidarity Tax for Large Fortunes. This modification means that non-resident taxpayers who in 2022 were obliged to file Form 718 of the Solidarity Tax for Large Fortunes, can now recover part of the amount paid to the Tax Agency. Prior to…
Tax management is a crucial aspect of tax administration at both national and international level. In the area of international double taxation, the choice between exemption or deduction plays a fundamental role in optimising the taxes paid by taxpayers. However, it is important to note that this choice cannot be changed after the voluntary deadline,…
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…