New legal regime regulating structural changes in commercial companies
- 18 September 2023
- Business Consultancy
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On September 1, a series of measures to encourage the hiring of labor published in Royal Decree-Law 1/2023 came into force on January 11, 2023. These changes entail new obligations for companies since, among others, new requirements are introduced that must be met in order to benefit from these bonuses.
A new tax reform is expected to come into force in January 2025 that will exempt freelancers with income of less than 85,000 euros from the obligation to include VAT in their invoices. The Tax Agency and the self-employed associations are working on the implementation of the European Directive 2020/285, approved on February 18, 2020.