Category: Taxation

  • Issuing a corrective invoice – do’s and don’t!

    It’s happened to every business-person at one time or another. A change in the order, a return or just a simple book-keeping mistake means that you have to issue a corrective invoice (factura rectificativa). But these corrective invoices must comply with strict rules to prevent later problems with Hacienda (the tax office). A corrective invoice…

  • Lending money to a company?

    Lending money to a company can be a strategic move, especially if you’re helping a family member kickstart their business. However, navigating the tax implications requires careful consideration to ensure you’re maximizing benefits and minimizing liabilities. When you loan money directly to the company, Hacienda (the tax authority) applies certain assumptions regarding interest, which may…

  • Sell online? Make sure you’re declaring your tax – even if it’s a once off!

    The Spanish tax authority has ruled that any individual selling goods second-hand online is still liable for tax, even if it’s a once-off sale. Make sure you declare it – because Hacienda will be linking up information provided by online marketplaces such as EBay, Wallapop or Amazon to catch tax evaders…. We’re giving the basic…