The New 2022 Startups Law in Detail
Last December, the Spanish Government approved the submission to Parliament (Cortes) of the Bill on the promotion of the startup ecosystem, known as the Startups…
Category
Tax law
80 articles
Disbursements: what they are and how to invoice them
A disbursement (gasto suplido) is an expense that is payable by the client, that you advance on the client’s behalf, and that the client will…
When and how are summary invoices issued?
Many businesses need to generate a large number of recurring, low-value invoices, which can mean extra effort for bookkeeping when it comes to managing all…
What is the accrual basis?
The accrual basis (criterio de devengo) is one of the principles that may be applied to how amounts related to invoices are reported and paid.…
What is a simplified invoice?
The simplified invoice (factura simplificada), sometimes known as a simple invoice (factura simple), is one of the key concepts in the accounting of any self-employed…
Crea y Crece Law approved to make it easier to set up companies
The Congress of Deputies has given final approval to the Law on the Creation and Growth of Companies (Crea y Crece). The law is intended…
Electronic invoicing, mandatory for all self-employed workers and business owners.
Both companies and self-employed workers will have to implement electronic invoicing in their businesses. Electronic invoicing is already mandatory when a company has to invoice…
The tax authorities' courtesy days: if you are going on vacation, avoid receiving notifications
Notifications from the tax authorities are very frightening, and with good reason: failing to respond to one of their tax notifications can result in a…
When should you apply the 7% withholding rate to your invoice template?
When issuing invoices to companies and other self-employed workers, Personal Income Tax (IRPF) withholding must be applied at a rate of 15%. However, individuals who…
VAT number: What is it and how do you apply for it?
The VAT number is the tax identification number you need to carry out commercial transactions with customers in other European Union countries. To obtain it,…