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The law on fostering the start-up ecosystem also focuses on attracting foreign investment and retaining talent. In particular, it affects individuals investing in new or recently created companies.
On 27 December, various tax changes were implemented within the Royal Decree Law 20/2022, of 27 December, which introduced a series of changes in VAT, personal income tax and other taxes, which we will explain below.
31 March 2023 is the deadline for submitting the annual information return on assets and rights located outside Spanish territory to the Tax Agency using form 720.
On 27 December last, a new royal decree was approved which, among other measures, extends, in an extraordinary way, and with effect until 31 December 2023, the limitation on rental prices.
August 2024 will mark the start of the 37th edition of America's Cup sailing regattas. This edition will be held in Barcelona.
Law 21/2021, published on 28 December 2021, amends the public pension system and introduces the intergenerational equity mechanism, a tax aimed at distributing the cost of pensions among the different generations of workers, by 2023.
As of 1 January 2023, a newly Value Added Tax regulation, popularly known by its acronym: VAT, will come into force for certain food products, most of which are necessities.
On 1 January 2023, with the new entry into force of the Startups Law, a novelty has been incorporated about foreigners: it is possible to migrate to Spain to reside while carrying out work or professional activity outside Spanish territory.
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