Today is the Christmas draw of the National Lottery. Let’s keep in mind that: Prizes of less than €2,500 are exempt from income tax. From 2,500 euros, prizes are taxed at 20%. Consequently, in order to calculate the IRPF taxation of a prize of more than €2,500, this amount must be subtracted and the rest […]
The declaration of nullity of the so-called floor clause, confirmed by the Court of Justice of the EU with full retroactivity, entails the restitution to those affected of the amounts overpaid in interest on mortgage loans. These amounts to be returned by the banks will not constitute any income subject to personal income tax, but
The tax authorities confirm that Cristiano Ronaldo is being investigated for tax fraud of 150 million euros, according to a report published by the newspaper El Mundo.
According to a press release issued by the provincial prosecutor’s office of Madrid on December 7, the latter has reported three soccer players for alleged tax offenses and is investigating two more. The statement reads as follows: “The public prosecutor’s office, as a result of the data sent by the Tax Agency, has filed a
Several clients ask us if the immediate information system by which the Tax Agency intends to receive in real time all invoices issued by certain taxpayers (among others, those with a turnover of more than €6 MM) will come into force in 2017. The reality is that the delay in its regulatory development has meant
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
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.