New Covid measures for businesses in Spain
The Spanish Government announced new measures to meet the needs of companies with financial problems. We will list the most important ones. Deferral of taxes for SMEs Payments of taxes for which declarations have to be submitted between 1 April and 30 April 2021 may, under certain conditions, be postponed…
Brexit for real: these are the tax consequences
On 31 December, the United Kingdom will leave the European Union. We would like to list the tax consequences for business operations between Spain and the United Kingdom from 1 January 2021. What will change with regard to taxation? 1. The sale or purchase of goods to or from British companies…
Funds invest 1 billion in rental market
New capital inflows accelerate BTR operations The investors’ appetite for the residential market together with the COVID19 pandemic are the main reasons for the actual boom of real estate projects for the rental market, known as ‘Build to Rent’ (BTR), a formula expected to stimulate the creation of a new…
Remote Working | New legislation
Companies that intend to continue to offer their employees the possibility of working remotely after the Covid pandemic has ended, must comply with the guidelines laid down in Law 28/2020, which recently came into force. Therefore, these obligations do not apply to companies that will return to a situation where…
Opportunities: 20% more turnover during football matches
Football match this evening? In many cases this goes together with pizza or burgers. Online meal delivery platforms such as Glovo and Deliveroo confirm that match days are also the days with extra movement in the kitchens of major US market leaders in particular. 20% more orders on match days…
The future. Working from home from Spain
Let your colleagues work from home from Spain Opportunities for dynamic companies People who work almost entirely from home seem to wonder why they shouldn’t be able to do so from Spain. We have noticed an increase in questions about this subject from various countries. Two trends that are taking…
C19 Update: Important new measures ERTE
The Spanish government will most probably announce next week additional measures for companies that apply the temporary termination of employment contracts or the reduction of working hours as a direct consequence of the COVID19 crisis (ERTE Force Majeure). Here is a summary of our expectations: Untill 30 June and flexibility The ERTE…
Spain presents gradual de-escalation plan lockdown
Spanish government has presented a de-escalation plan for the country’s lockdown for (at least) the next 8 weeks, consisting of 4 phases. The keywords of economic measures are shown in bold. Phase 0: Prior This is the stage the country is currently in. During this phase, some light relief measures will be taken: Children…
Covid19: Business rental? These are your deferment possibilities
The Spanish government offers entrepreneurs the opportunity to defer payment of business rentals in case business activity has been shut down by the government as a result of the state of emergency (such as catering or retail) or if, in case of continuing business activity, turnover has fallen by at least 75% compared to the same period last year. …
Deferment tax payments from April to May for small businesses
Spain has confirmed the expected decision on tax deferral. For companies with a turnover of up to 600,000 euros. Have you already presented your tax returns? No problem, the Spanish tax authorities will automatically collect taxes on May 20. New direct debit date: May 20 Companies and autónomos with a turnover of…