New Form 721 approved. Informative declaration regarding virtual currencies (cryptocurrencies) held abroad.
What are Forms 720 and 721, and who do they apply to? Forms 720 and 721 are information returns which, as a general rule, must be completed by individuals or legal entities resident in Spain who hold assets, rights and/or virtual currencies located abroad. The model also applies to permanent establishments in Spain maintained by […]
The UNIDAD Tax Department advises its clients on the upcoming new special tax regime for the Balearic Islands.
With the aim of correcting existing imbalances caused by insularity, which result in higher acquisition, production, and operating costs for all companies and self-employed individuals in the Balearic Islands, the approval of a Special Tax Regime is planned. This regime is designed to incentivize the reinvestment of profits obtained in the islands (provided they materialize […]
ASESORÍA UNIDAD has adapted its website to make it easier for clients to access from all types of devices.
ASESORÍA UNIDAD has simplified its website, providing clients and visitors with all the necessary information in a more direct and efficient way. The new version, publicly available since April 2022, provides direct access to all portals associated with UNIDAD from a single address: https://www.unidad.es The new website includes the “Client Portal”, a restricted-access area for […]
Goods Delivered Late
In business-to-business sales, the delivery date is essential. In business-to-business sales, if the seller does not deliver the goods within the agreed timeframe, the purchaser may choose between two options: Whether the purchaser chooses to demand delivery or cancel the order, they may also claim compensation for damages suffered. However, they must be able to […]
Benefits in kind
Offering certain benefits in kind is an excellent alternative to increase employee compensation without raising personnel costs. Many companies do not have the budget to increase employee salaries, yet they want to keep their workforce motivated. Offering certain benefits in kind can be an effective way to achieve both objectives. Thus, it is possible to […]
Digital Kit
Benefit from new grants for business digitalization. The “Digital Kit” is direct aid for SMEs, micro-enterprises, and self-employed individuals for the implementation of cataloged digital solutions (website improvement and online presence, business analysis, e-invoicing and virtual office, cybersecurity, etc.) through “digitalization agents” (specialized technology companies). You can allocate the aid to any of the areas […]
2022 Withholding Tax Calculation
The Tax Agency’s program for calculating payroll withholdings for 2022 is now available. The Tax Agency has now enabled on its website the online service for calculating withholdings applicable to payroll paid in 2022. If you wish to calculate withholdings for your employees, proceed as follows: Automatically, if you click on the “Results” tab, you […]
Changes to apprenticeship contracts
The labour reform has introduced changes to apprenticeship contracts. The training and apprenticeship contract is now known as a work-study contract. Previously, these contracts could only be used to combine employment with vocational training. They can now be entered into with students undertaking university studies or other specified training programmes. Furthermore:
Special depreciation plan
You may request it if you consider that the official tables do not reflect the actual impairment of your assets. If your company depreciates its assets in accordance with the depreciation rates provided for in the regulations, the Tax Agency cannot dispute the deductibility of that depreciation: it is presumed that all these systems reflect […]
Company pension plans
Following the cuts to pension plans, company plans may take on a more prominent role… Certain benefits in kind are exempt from Personal Income Tax (IRPF) for recipients, so companies can use them to help employees maximise their net pay or when offering pay rises (with these exempt benefits, employees are not subject to the […]