Tax

Your adviser prepares, calculates and files. But there are things only you can do: Provide complete information on time. Report changes: new activity, premises, partners, investments… Review and approve before filing. Keep enough cash for the payments. And a fact worth remembering: before the tax office, the taxpayer is always the person liable, even if

Deferring a payment does not single you out or penalise you: it is a regulated right. Up to €50,000 of debt with the Spanish Tax Agency (AEAT) without providing any guarantee. It is requested online through the AEAT e-office. The cost is late-payment interest, not a penalty. Deferring in time protects your cash flow and

If you act first, without a prior request from the tax office, there is no penalty: there is a surcharge. Surcharges for late filing without a prior request A flat 1% plus an extra 1% for each full month of delay. After 12 months: 15% plus late-payment interest from the day after those 12 months.

It is a simplification that often does not match reality. Even with no income in a period, tax and formal obligations may still apply: periodic VAT returns and income tax instalment payments must be filed even if they come out at zero, and a dormant company must still file Corporate Income Tax and its annual

Paying for something with the business card does not automatically make it deductible. For an expense to be deductible it must be related to the activity, properly supported and correctly recorded. Many problems come from Mixing personal and business expenses. Keeping only till receipts without enough tax details: to deduct VAT you need an invoice

We hear it every week at the office. And it is false. Spanish personal income tax (IRPF) works like a chest of drawers: every euro you earn fills drawers. The first one is taxed at the lowest rate; once it is full, the next euros go into the drawer above, at a higher rate. But

Leaving paperwork until the last day is not just uncomfortable: it also increases risk. When deadlines, documents and tax obligations pile up in a rush, the margin for error soars and surcharges, penalties or poor decisions follow. Organised management lets you Anticipate payments and set cash aside. Prepare documents calmly. Get a clearer view of