MDG news on taxation

We are writing this post on the occasion of the publication of the new Law 11/2021, of 9 July, on measures to prevent and combat tax fraud. This law introduces regulatory changes that affect taxation, which we highlight below: The system of surcharges for late filing without prior notice is modified: according to (article 27.2 LGT): An additional…

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Soft Landing

Soft Landing   Relocating to Spain and getting lost with all the paperwork to be made? Let your hair down, we will assist you with all the necessary changes, so you can enjoy the weather and sunshine 🙂   Our helpful soft-landing service will make you to resolve the following (and numerous) issues:   a)…

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Tax Compliance: Moving your business to Spain- To do List

Relocating your business offers many benefits, yet also comes with its share of business challenges: designing systems and processes, managing cash flow, securing the appropriate talent and training staff at large, etc. Another consideration exists that is just as critical – especially since it often presents unforeseen issues: Compliance. Failing to remain legally compliant can…

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Spanish in country compliance

SPANISH IN-COUNTRY COMPLIANCE   Spain is commonly known as a country full of bureaucracy. Regardless the current COVID-19 crisis has led to a structural change, the reality is that public administrations in Spain still require loads of paperwork, especially in the business activities.   Companies and freelancers have to comply with numerous obligations, not only…

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MDG Informs / Closure of Non-essential Activity in Málaga

As we have exceeded the figure of 1,000 COVID-19 infections in Malaga city, we have moved to alert level 4 grade 2. From today, Wednesday 3 February 2020, in the municipality of Malaga city, the opening to the public of all retail establishments that are not considered as essential activity is suspended. The duration will…

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February, the month of Compliance at MDG

February, the month of Compliance at MDG   Come and join us on our Compliance days where we would me analysing all sides of this important matter for international investors in Spain.   – Why compliance is essential in the current economic environment ……3rd of February, 2021 – Spanish In-country compliance …..10th of February, 2021…

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MDG Informs / New measures for Andalucia BOJA January 16th 2021

With the approval of the Extraordinary BOJA number 6, last 16th January 2021, new measures have been implemented in Andalucia. All measures will be in force until 01 February 2021. We attach this bulletin and certificate of travel between municipalities for work purposes. Please, find below main details of these measures: – Limitation of mobility…

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Tax News 01/2021

We would like to inform that last December 31st the General State Budget Law 11/2020 was published, from which we extract the most relevant points: *Personal Income Tax:  – The tax rate for incomes over Euros 300,000 is increased by two points. Except for modifications in the autonomous section, the marginal tax rate is 51.5%…

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EXTRAORDINARY BOJA Nº88 – New measures in Andalucía

We would like to inform you that past 10th December, the Andalusian Regional Government approved new temporary and exceptional measures to contain COVID-19 during the Christmas period. Published in the “BOJA Extraordinario” Nº88 of 11th December 2020. It consists of two periods: from 12 to 17 December and from 18 to 10 January. Please find attached…

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Update: MDG informs/ New curfew certificate

Dear clients,   After publishing the Royal Decree 926/2020 in BOE and the President’s Decree 8/2020 in BOJA, it has been regulated, as you all may know, the curfew between 23.00 hours and 6.00 hours. The Junta de Andalucía has maintained this same timetable, therefore there are no modifications related to the rules published by the…

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COVID 19 IMPLICATIONS ON 2020 PERSONAL INCOME TAX

COVID 19 IMPLICATIONS ON 2020 PERSONAL INCOME TAX There is no doubt that 2020 Personal Income Tax ( PIT) campaign, that will begin in April 2021, will be an unprecedented one, taking into consideration the numerous legal changes and the exceptional COVID 19 situation . Thus, it is convenient to comment some implications that the…

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BREXIT: THE END OF THE TRANSITIONAL PERIOD

BREXIT: THE END OF THE TRANSITIONAL PERIOD   Next 31st December 2020 the transitional period of Brexit will end. Even though there is a lot of uncertainty regarding the possibility of having a special tax agreement between UK and the EU, at present day, there is none and consequently, UK will be considered as a…

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MDG and the telecommuting challenge

At MDG we have adopted telecommuting as most things are adopted in life, with the urgency of a close deadline and where there was no room for procrastination. We had organised the remote system many months before but had hardly used it unless for the very extraordinary days we could not go to the office for…

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PUBLISHMENT OF THE “REAL DECRETO” 9/2020 AND 10/2020

From MDG, we would like to inform you about the principal measures taken in this regulation. However, we would like to inform you also that as from tomorrow, there will be more measures published and the ones we already have will be clarified. We are living a confusing time and little rigour in the regulation…

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MDG GOES DIGITAL

We are happy to announce that we have taken a new step on the digital transformation of our procedures: we are already in the cloud and we are proud of it! At MDG we have always been very focused on walking alongside technology, as we trust on the new IT era to ensure smooth communications…

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BREXIT’S INFORMATION

Today, 31th January, the UK leaves the European Union and we would like to inform you briefly in tax terms about it.   Finally the Brexit Agreement has been signed, but now begins a transition period until next 31th December 2020. During this transition period, EU laws will continue to be in force for british…

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FISCAL MEASURES OF THE NEW GOVERNMENT

The deal arranged by PSOE and Unidas Podemos last 30th December has provoked an agreement that both parties have called “Coalición Progresista. Un nuevo acuerdo para España”. This agreement includes, amongst others, the partial abolishment of the labour reform approved back in 2012, increase of Minimum Wages and a series of fiscal measures. The main points of…

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INHERITANCE AND DONATIONS FROM NON-RESIDENTS

For all those non-residents outside the European Union (EU) and the European Economic Area (EEA) who paid the Tax on Inheritance and Donations years ago, the decision made by the Spanish Supreme Court on February 19 has been good news. The Spanish Supreme Court finally ruled that Spanish internal regulations discriminates non-residents in relation to…

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DAILY TIME SHEET: THE LATEST CHALLENGE IN COMPLIANCE

The control on the daily working times in Spain is no longer a company policy matter; it has become compulsory since 12th May. The new regulation was published on Royal Decree Law 8/2019, which was effective last April, 12th, and established one month period for all companies in Spain to implement anyhow this mandatory control.…

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MDG ADVISORS, IN CONSTANT SEARCH FOR EXCELLENCE.

MDG Advisors was founded in 2010 with the clear idea of providing medium and small companies with all the high quality professional services that have been traditionally provided by the big firms only. With a business industry formed mostly by small and medium companies and the emerging arrival of tech investors, together with the fact…

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