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Can Christmas hampers be tax-deductible?
As Christmas approaches, it's a tradition in many companies to give out Christmas hampers or organize Christmas lunches and dinners for employees.
The Supreme Court extends the maternity deduction for childcare expenses to nurseries
In a ruling on 8 January, which unifies criteria, the Supreme Court has decided to extend the deduction for maternity in the Personal Income Tax (IRPF) to the costs of childcare.
Important Changes to IRPF for Rentals Starting in 2024
Recent changes in tax deductions for housing rentals in the personal income tax (IRPF), effective with the new Housing Law 12/2023 from January 1, 2024, are detailed below:
Operating in Financial Markets: What should be considered?
Nowadays, operating in financial markets is accessible to everyone. Whether through the bank or simply by registering with an online broker, one can have an account open in just a few minutes. As a result, more and more people are entering this world to earn extraordinary income. But, is everyone prepared to operate in the markets?
Problems with the sale of the bare ownership of a property
DANA: Damage tax measures approved - RDL 6/2024
On 6 November 2024, Royal Decree Law 6/2024 was published in the BOE with effect from 7 November 2024. This regulation introduces several fiscal measures aimed at municipalities affected by the DANA between 28 October and 4 November 2024. In this article, we will detail the most relevant tax measures and analyse how they influence taxpayers, companies and specific sectors.
How are Christmas lottery prizes taxed?
Every year on December 22nd, the Christmas lottery is celebrated, which is subject to personal income tax (IRPF) at a fixed rate of 20%. This same tax rate is applied to prizes from the ONCE, the Red Cross, and certain regional lotteries.
Rights of workers in ERTE: Own affairs according to collective bargaining agreement
The Supreme Court has declared that by virtue of the application of the principle of proportionality to workers whose contracts have been suspended due to an ERTE, they are not entitled to take the full number of days of personal leave, but rather it will be reduced in proportion to the time of suspension of employment relations.
Legislative news
Objective assessment method for income tax and the special simplified VAT system for 2024
Publication of OrderHFP/1359/2023, of 19 December, by which the objective assessment method of Personal Income Tax and the special simplified system of Value Added Tax are developed for the year 2024.
Modification of the Personal Income Tax Regulations
Publication of Royal Decree 142/2024, of 6 February, amending the Personal Income Tax Regulations, approved by Royal Decree 439/2007, on withholdings and advance payments.