November 2016

Special Tax on Sales of Certain Hydrocarbons (IVMDH), “céntimo sanitario”.

The Tax on Retail Sales of Certain Hydrocarbons (hereinafter, IVMDH) was a tax introduced by Law 24/2001, of December 27, 2001, on Tax, Administrative and Social Order Measures and was in force from January 1, 2002 to January 1, 2013, at which time it became part of the Special Tax on Hydrocarbons. This tax was […]

Government limits cash payments to 1,000 euros

As part of the strategy to increase revenue and reduce the public deficit, the Government has reduced to 1,000 euros the actual payments allowed in transactions involving at least one entrepreneur or professional. Previously, this limit was 2,500 euros. The main purpose of this measure is to increase the collection of Value Added Tax.