The Spanish Tax Agency (AEAT) has published its Annual Plan for 2025, which highlights the main actions and priorities in tax and customs control. As in previous years, the agency is intensifying its efforts to prevent fraud and ensure proper tax collection, focusing on sectors and taxpayers with higher risk profiles. This year, technology, AI integration, and advanced analytics will play a crucial role in ensuring efficiency.
The official publication, included in the Resolution of February 27, 2025, and published in the Official State Gazette (BOE) on March 17, 2025, provides a clear roadmap for tax administration in 2025.
In this post, we will summarize the most important measures and areas of focus for the Spanish Tax Agency this year, including how technology, specifically artificial intelligence, is being integrated to enhance efficiency and control.
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<h2 class="" data-start="1052" data-end="1112">The Five Key Pillars of the Tax Control Plan for 2025</h2>
The Tax Authority’s actions in 2025 will be based on five main pillars:
<ol data-start="1187" data-end="1407">
<li class="" data-start="1187" data-end="1222">
Information and Assistance
</li>
<li class="" data-start="1223" data-end="1260">
Prevention of Non-Compliance
</li>
<li class="" data-start="1261" data-end="1306">
Fraud Investigation and Verification
</li>
<li class="" data-start="1307" data-end="1352">
Fraud Prevention in Collection Phase
</li>
<li class="" data-start="1353" data-end="1407">
Collaboration with Regional Tax Administrations
</li>
</ol>
These pillars will guide the AEAT in tackling fraud and ensuring voluntary compliance. Let&#8217;s take a look at the most notable actions under each of these pillars.
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<h2 class="" data-start="1577" data-end="1626">Main Measures in the 2025 Tax Control Plan</h2>
<h3 class="" data-start="1628" data-end="1690">Strengthening Taxpayer Assistance and Digitalization</h3>
The AEAT is placing a strong emphasis on improving assistance for taxpayers, enhancing both personalized services and the digital tools available to them. Some of the main measures include:
<ul data-start="1883" data-end="2204">
<li class="" data-start="1883" data-end="1951">
Enhanced training for AEAT staff to improve taxpayer assistance.
</li>
<li class="" data-start="1952" data-end="2024">
Introduction of a more efficient same-day phone appointment service.
</li>
<li class="" data-start="2025" data-end="2091">
Increased use of AI to anticipate taxpayer assistance demands.
</li>
<li class="" data-start="2092" data-end="2204">
Digitalization of business and professional registries, including a Virtual Assistant for Taxpayer Enrollment.
</li>
</ul>
By improving these services, the AEAT aims to make tax compliance easier and more efficient for everyone.
<hr class="" data-start="2313" data-end="2316" />
<h3 class="" data-start="2318" data-end="2369">Digital Economy and E-Commerce Monitoring</h3>
The rapid growth of online commerce has raised concerns about the proper taxation of transactions on digital platforms. In 2025, the AEAT will focus on:
<ul data-start="2525" data-end="2797">
<li class="" data-start="2525" data-end="2602">
Intensifying control over online sellers without a tax presence in Spain.
</li>
<li class="" data-start="2603" data-end="2693">
Using the CESOP system and the DAC7 directive to detect fraud in digital transactions.
</li>
<li class="" data-start="2694" data-end="2797">
Auditing digital platforms facilitating the sale of goods and services without proper tax collection.
</li>
</ul>
This measure targets those who may attempt to avoid taxes through digital channels and unreported transactions.
<hr class="" data-start="2912" data-end="2915" />
<h3 class="" data-start="2917" data-end="2976">Cryptocurrency and Virtual Transactions Oversight</h3>
Cryptocurrency transactions and the rise of decentralized payment systems are under increased scrutiny. The AEAT will focus on:
<ul data-start="3107" data-end="3358">
<li class="" data-start="3107" data-end="3201">
Strengthening the control of cryptocurrency operations and ensuring their proper taxation.
</li>
<li class="" data-start="3202" data-end="3278">
Identifying cryptocurrency holders through international data exchanges.
</li>
<li class="" data-start="3279" data-end="3358">
Detecting irregularities in decentralized payment platforms and transactions.
</li>
</ul>
This heightened focus on cryptocurrency will help ensure that this emerging financial space is properly regulated.
<hr class="" data-start="3476" data-end="3479" />
<h3 class="" data-start="3481" data-end="3520">Monitoring of Tourist Rentals</h3>
Another area of concern for the AEAT is the taxation of tourist rentals. The Spanish Tax Authority will:
<ul data-start="3628" data-end="3828">
<li class="" data-start="3628" data-end="3752">
Cross-reference data from regional authorities and rental platforms to detect unreported income from short-term rentals.
</li>
<li class="" data-start="3753" data-end="3828">
Increase oversight of foreign property owners renting out homes in Spain.
</li>
</ul>
This initiative aims to ensure that income from short-term vacation rentals is fully reported and taxed.
<hr class="" data-start="3936" data-end="3939" />
<h3 class="" data-start="3941" data-end="3990">High Wealth and Hidden Income Detection</h3>
The AEAT will pay closer attention to individuals whose external signs of wealth (such as luxury assets) do not align with the income and wealth they have declared. This will involve:
<ul data-start="4177" data-end="4430">
<li class="" data-start="4177" data-end="4274">
Reviewing taxpayers with signs of significant wealth that do not match their declared income.
</li>
<li class="" data-start="4275" data-end="4343">
Inspecting companies used to conceal personal wealth and income.
</li>
<li class="" data-start="4344" data-end="4430">
Implementing advanced financial analysis tools to detect opaque business structures.
</li>
</ul>
This focus on high-net-worth individuals and companies is part of a broader effort to combat tax evasion by individuals and corporations.
<hr class="" data-start="4571" data-end="4574" />
<h3 class="" data-start="4576" data-end="4623">Fraud Prevention and VAT Optimization</h3>
One of the most important tasks for the AEAT in 2025 is preventing fraud in the VAT system. The following steps will be taken:
<ul data-start="4753" data-end="4945">
<li class="" data-start="4753" data-end="4837">
Full implementation of the VERI*FACTU system for immediate invoice registration.
</li>
<li class="" data-start="4838" data-end="4899">
Inspections to tackle carousel fraud in VAT transactions.
</li>
<li class="" data-start="4900" data-end="4945">
Automated controls to detect fake invoices.
</li>
</ul>
These actions aim to ensure that VAT fraud is minimized and that the tax system is more transparent.
<hr class="" data-start="5049" data-end="5052" />
<h3 class="" data-start="5054" data-end="5116">International Operations and Aggressive Tax Planning</h3>
The AEAT will also scrutinize the tax practices of multinational corporations and individuals engaging in international tax planning schemes. This includes:
<ul data-start="5276" data-end="5546">
<li class="" data-start="5276" data-end="5386">
Auditing multinational corporations that reduce their tax liabilities through artificial tax arrangements.
</li>
<li class="" data-start="5387" data-end="5466">
Implementing FATCA, CRS, and DAC8 to exchange international financial data.
</li>
<li class="" data-start="5467" data-end="5546">
Increased monitoring of corporate restructurings that exploit tax advantages.
</li>
</ul>
This area of focus ensures that companies doing business internationally are paying their fair share of taxes.
<hr class="" data-start="5660" data-end="5663" />
<h3 class="" data-start="5665" data-end="5722">Control of Non-Profit Entities and Cooperatives</h3>
The AEAT will start auditing non-profit entities to ensure that they comply with tax regulations and that these entities are not used for tax evasion. This includes:
<ul data-start="5891" data-end="6048">
<li class="" data-start="5891" data-end="5946">
Reviewing the list of foundations and cooperatives.
</li>
<li class="" data-start="5947" data-end="6048">
Ensuring that these entities meet their tax obligations and do not use their status to avoid taxes.
</li>
</ul>
<hr class="" data-start="6050" data-end="6053" />
<h2 class="" data-start="6055" data-end="6085">What This Means for You</h2>
The 2025 Tax Control Plan highlights the growing integration of artificial intelligence, new digital tools, and more specialized oversight to ensure that everyone is complying with Spain’s tax laws. Whether you&#8217;re an individual taxpayer, a business owner, or involved in digital transactions, it’s crucial to stay updated on these changes to avoid any surprises.
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<h2 class="" data-start="6456" data-end="6502">How Vasalto Can Help You Stay Compliant</h2>
At VASALTO, we understand how complex the ever-changing tax landscape can be. Whether you’re an individual or a business owner, our team is here to help you navigate Spain’s tax system with ease. From assisting with tax filings to helping you understand new tax laws, we offer expert guidance and support.
If you have any questions or concerns regarding the 2025 Tax Control Plan, or if you need assistance with your tax obligations, VASALTO is here to help.

What Will the Tax Authority Focus on in 2025?

Conoce el Plan de Control Tributario y Aduanero 2025: áreas de actuación de Hacienda, control de criptomonedas, riqueza externa y más.

Plan de Control Tributario y Aduanero 2025 | VASALTO

¿Dónde pondrá el foco Hacienda en 2025? Análisis y claves para estar preparados

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<h3>News on Form 303: The Corrective Self-Assessment for VAT Arrives</h3>
With Spain’s constantly evolving tax regulations, 2024 has introduced a significant change that businesses and professionals must be aware of: the corrective self-assessment for Form 303. This new mechanism aims to simplify the correction of errors in VAT returns, marking a major step towards digitization and efficiency in the tax system.
In this article, we will explain what this update entails, who it affects, how it works, and how you can prepare to implement it correctly in your company. Additionally, we’ll show you how specialized outsourcing services can help you meet your tax obligations seamlessly.
<hr />
<h3>What Is the Corrective Self-Assessment for Form 303?</h3>
Form 303 is the document taxpayers use to declare and settle Value Added Tax (VAT) with the Spanish Tax Agency. Until now, if a company made an error when filing Form 303—whether due to incorrect data or an omission—corrections required submitting a supplementary return or resorting to more complex procedures, such as requesting an undue payment refund.
With the introduction of the corrective self-assessment, taxpayers can now correct errors directly within the same VAT return, eliminating the need for additional forms or separate administrative procedures. This brings notable improvements, including:
✔ Faster modifications to previously submitted returns. 
✔ Prevention of accumulated errors affecting future declarations. 
✔ Increased transparency and accuracy in tax reporting.
If you need guidance on filing Form 303 in 2025, you can find the official instructions <a href="https://sede.agenciatributaria.gob.es/Sede/todas-gestiones/impuestos-tasas/iva/modelo-303-iva-autoliquidacion_/instrucciones-2025.html">[here].</a>
<hr />
<h3>Who Does This Measure Affect?</h3>
The corrective self-assessment is relevant for all taxpayers required to submit Form 303, including:
✔ Self-employed professionals managing their economic activities and filing VAT returns quarterly. 
✔ SMEs operating under the general VAT regime. 
✔ Large enterprises submitting monthly VAT returns under the SII (Immediate Supply of Information) system. 
✔ Non-profit organizations and other taxable entities with VAT obligations.
Any business sector operating within the VAT framework will be affected, as this measure applies across the board. The implementation of the corrective self-assessment requires all taxpayers to adapt to the new rules, ensuring corrections are made in compliance with current regulations.
<hr />
<h3>How Does the Corrective Self-Assessment Work?</h3>
The process for submitting a corrective self-assessment for Form 303 follows these steps:
<h4>1. Identify the error or discrepancy:</h4>
<ul>
<li>The taxpayer detects an error in a previously submitted return, such as a missing invoice or an incorrectly reported amount.</li>
</ul>
<h4>2. Submit the corrective self-assessment:</h4>
<ul>
<li>Log in to the Spanish Tax Agency’s online portal.</li>
<li><a href="https://sede.agenciatributaria.gob.es/Sede/procedimientoini/G414.shtml">Access the Form 303</a> for the relevant period.</li>
<li>Select the corrective self-assessment option.</li>
<li>Enter the corrected data in the corresponding fields.</li>
</ul>
<h4>3. Automatic recalculations and adjustments:</h4>
<ul>
<li>The system automatically recalculates the amount due or refundable based on the corrected data.</li>
<li>If the adjustment results in a refund, it will be processed within the designated timeframe.</li>
</ul>
<h4>4. Deadlines and compliance:</h4>
<ul>
<li>Corrections must be made within the statute of limitations period (4 years from the original submission).</li>
</ul>
<hr />
<h3>Benefits of the Corrective Self-Assessment</h3>
This new tool introduces several advantages that businesses and professionals should consider:
✅ Simplicity: Taxpayers can manage errors directly without needing additional forms. 
✅ Efficiency: Avoiding complex correction procedures reduces administrative burdens and speeds up response times. 
✅ Digitization: This change further supports a fully digital tax management system. 
✅ Lower risk of penalties: Proactively correcting errors within the allowed timeframe minimizes the risk of fines and sanctions.
<hr />
<h3>Key Considerations</h3>
While the corrective self-assessment offers clear benefits, businesses should also be mindful of the following aspects:
📌 Training: Accounting and tax professionals must familiarize themselves with the new process. 
📌 Ongoing review: Implementing internal review procedures can help detect errors early. 
📌 Specialized advisory support: Working with expert tax consultants ensures corrections are handled accurately and in compliance with regulations.
<hr />
<h3>How Can Tax Outsourcing Help?</h3>
Regulatory changes, such as the introduction of the corrective self-assessment, can create uncertainty for many businesses. This is where a specialized tax outsourcing partner can make a real difference.
At Vasalto, we are experts in tax management, accounting, and legal services. Our team stays up to date with the latest regulations and is ready to provide you with:
✔ Thorough review of tax returns – Ensuring your data is correct before submission. 
✔ Personalized advisory services – Tailored solutions for your company’s specific needs. 
✔ Process digitization – Helping you implement tools to streamline tax compliance. 
✔ Regulatory compliance – Ensuring your company meets all tax obligations, avoiding penalties and optimizing resources.
With our expertise in tax management, your business can focus on growth while we handle the complexities of taxation.
<hr />
<h3>Simplify Your Tax Compliance with Vasalto</h3>
In an increasingly complex tax environment, having a trusted partner is essential. Vasalto provides the technology, expertise, and support you need to adapt to regulatory changes like the corrective self-assessment for Form 303.
🚀 Don’t let tax changes catch you off guard! Contact us today to discover how we can help you manage VAT, accounting, and much more with total peace of mind.
✅ Trust Vasalto and turn your tax processes into a competitive advantage.

 Corrective Self-Assessment for Form 303 - VAT

Corrige errores en el IVA con la autoliquidación rectificativa del modelo 303. Evita sanciones y mejora tu gestión fiscal.

Autoliquidación rectificativa del modelo 303: Corrige errores en IVA

Autoliquidación rectificativa del modelo 303

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The 2025 Taxpayer Calendar is one of the most important documents for companies every year. With it we can get a general idea of when the main tax obligations are due for this 2025. In this article we are going to review the key dates to be up to date with tax obligations throughout the year.
Before starting, it is necessary to clarify that, if the due date coincides with a local or regional holiday, the deadline will end on the first working day following the one indicated in this calendar.
However, this general rule has several exceptions to be taken into account. Firstly, form 369 does not vary its deadline even if it coincides with a weekend or public holiday. In the case of form 360, if the deadline coincides with a non-working day in Spain, the deadline will end on the first working day for requests for refund of input VAT in Spain by companies in the Canary Islands, Ceuta and Melilla.
It is also necessary to know that this calendar has been drawn up in December 2024, having regulatory projects in the pipeline. This means that, throughout the year, these deadlines may undergo modifications.
<h2>Tax calendar January 2025</h2>
During this month there will be three deadlines for filing tax returns. On the 20th it will be necessary to file forms 111, 115 and 123, all referring to withholdings and payments on account. Throughout the taxpayer&#8217;s calendar we will see how these forms are repeated. This is due to the fact that they are quarterly presentations, which have to be done periodically. On the 30th the time ends for the models 130 and 131, related to the IRPF, the models 303 and 390, which are the self-assessment and the annual summary of the VAT, and the model 349. Finally, on the 31st it will be necessary to present the informative declarations foreseen in the models 180, 190 and 193.
<h2>Tax calendar February 2025</h2>
This month is only the deadline for form 347. This is an annual informative declaration of operations with third parties, which must be filed before the end of the month.
<h2>Tax Calendar April 2025</h2>
April 20 is another important date in this calendar. We can divide the forms to be filed on this date into several blocks. On the one hand we have those referring to withholdings and payments on account (111, 115 and 123). We also have those referring to the IRPF or IRNR (130, 131, and 202). Finally, we have form 303, a self-assessment of VAT, and 349, which is a recapitulative declaration of intra-Community operations.
<h2>Tax calendar June 2025</h2>
For June we again have only one date to take into account. This deadline, the one established for the form 720, responds to the informative declaration on the goods and rights located abroad. This form must only be filed by those individuals or legal entities that are resident in Spain and whose assets abroad exceed 50,000 euros.
<h2>Tax calendar July and October 2025</h2>
As in January and April, in July and October we file again the quarterly forms. We remind you that these are on withholdings (111, 115, and 123), IRPF and IRNR (130, 131, 202) and forms 303 and 349. In addition, those who have to make fractional payments in IRPF or IRNR, must also file form 202. These returns must be filed on the 20th of these months.
<h2>Taxpayer&#8217;s calendar: Income Tax Campaign 2024</h2>
One of the most important moments in the taxpayer&#8217;s calendar, if not the most important, is the income tax campaign. This is known as the period in which all taxpayers have to file the self-assessment of the IRPF.
As we have commented above, it is still too early to talk about a concrete calendar for the IRPF 2024 campaign. However, given that no major modifications to the dates of previous years are expected, we can talk about 3 deadlines for this filing.
In the first place we have the deadline for online filing. This is the simplest option and the one that most Spaniards decide to use. For those who want to file their income and assets via internet, the deadline starts on April 3rd and lasts until July 1st.
Another option to make the IRPF liquidation is by telephone. This option is presented with the purpose of carrying out the management in an effective way. The telephone declaration is mainly foreseen for those people who cannot go to an office to make the declaration physically, and also do not have the capacity to declare by Internet. To carry out this procedure by telephone, it is available from May 7 to July 1.
Finally, we have the most traditional option: to make the tax return in person. For this option it will be necessary to ask for a previous appointment, and the term goes from June 3 to July 1.
If you want to know more about the 2025 taxpayer calendar, <a href="https://sede.agenciatributaria.gob.es/Sede/ayuda/calendario-contribuyente/calendario-contribuyente-2025.html">you can consult it here.</a>
<h2>Do you need help with your company&#8217;s labor management?</h2>
At Vasalto we are tax experts. We specialize in helping other companies with services such as tax management, filing tax forms and other obligations with the Tax Agency. Our more than 30 years of experience have given us a great deal of expertise in the sector. In addition, we are a company very involved with technology. Throughout these years we have developed a series of proprietary computer systems that allow us to manage more than 40,000 payrolls every month. In addition, we also have the best legal and accounting advice to offer our clients the best possible service.
At Vasalto, we believe that communication between people is fundamental. We make technology available to people, never the other way around. We work with technological automation solutions so that IT takes as much work off our hands as possible. This way, we have more time to dedicate to our customers.
If you are interested in learning more about international recruitment or any matter related to your company&#8217;s payroll or accounting, at Vasalto we will be happy to help you. Contact us to get to know us and see how we can help your company.

Tax Calendar 2025

Descubre las fechas clave del Calendario del Contribuyente 2025. Conoce los plazos para presentar y gestionar tus impuestos.

Calendario del Contribuyente 2025: Fechas Clave

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With the arrival of December, all companies begin to prepare, if they were not already doing so, the closing of the year. One of the main issues to end the year on a good note is to be up to date with tax obligations. The 111 and 190 Personal Income Tax forms put an end to the tax year, opening the way to the next year.
These two forms have a very close relationship. Both are a declaration of the withholdings made in the IRPF in an established period of time. These withholdings are made both for workers via payroll, as well as for self-employed professionals and entrepreneurs. The difference in these two forms is the period of time they cover. While form 111 is a quarterly form, form 190 is an annual summary of the same concept.
<h2>Form 111: Quarterly withholding tax return</h2>
As we have already explained, the difference between forms 111 and 190 is in the time period. Form 111 is a document used to declare and deposit the withholdings made on certain payments during a quarter. The presentation of this form is mandatory for all persons, whether individuals or legal entities, who are obliged to make payments on account. The payments on account are the amounts that the payer takes from the employee&#8217;s income and deposits them in the Public Treasury.
<h3>What payments are declared on form 111?</h3>
<ol>
<li>Income from work: Salaries and other payments to employees.</li>
<li>Income from economic activities: Invoices of self-employed professionals.</li>
<li>Prizes and certain capital gains.</li>
<li>Urban leases subject to withholding.</li>
</ol>
<h3>Deadlines for filing form 111</h3>
Form 111 is filed quarterly. Once the quarter has expired, a period of 20 days is opened to file this form. Therefore, we have 4 deadlines to file it: in April, July, October and January of the following year. However, it must be taken into account that, if the result is to be paid and the payment is made by direct debit, the deadline is reduced to the 15th day of the corresponding month.
<h2>Form 190: Annual summary of withholdings</h2>
Form 190 is the annual complement to Form 111. While the latter is a quarterly form, Form 190 compiles all the information for the corresponding tax year and breaks down the data in greater detail. The parties obliged to file are the same as with form 111.
<h3>Additional information on Form 190</h3>
As this form is a more detailed and extensive declaration than form 111, there is a series of information that is not included in the latter, but which must be provided in the former:
<ol>
<li>Information of the recipients: in the form 190 the complete data of each recipient of the income must be included. These data serve to identify each of the employees or workers for whom payments on account have been made during the year. It is necessary to include the NIF, name and surname (or company name if we are talking about a legal entity) and the postal code and province.</li>
<li>Types of income broken down: The form specifies the different types of income that a person can receive, with an individual breakdown for each one. Each type of income has a specific code that must be indicated on this return.</li>
<li>Taxable income and withholdings per recipient: Form 111 does not require a breakdown of taxable income, withholdings or possible deductible expenses. However, the 190 does require these declarations to be made.</li>
<li>Data on the nature of the income: As it is a more detailed return, the 190 allows additional information to be included depending on the nature of the income, such as some specific allowances or deductions.</li>
<li>Receivers with regularization: if there is any case in which a regularization of withholdings has been made during the fiscal year, it must be declared when filing this document.</li>
</ol>
<h3>Deadline for filing</h3>
Form 190 must be filed between January 1 and 31 of the year following the fiscal year declared.
<h2>Common errors in forms 111 and 190 and how to avoid them</h2>
Differences in the amounts: It is possible that, at the time of filling in form 190, the information does not match what is presented in form 111. To avoid having different information in what is presented throughout the year and the final breakdown, it is advisable to make sure that the bases and withholdings coincide between the forms.
Omission of payees and errors in the data: As we have already indicated, in this model it is necessary to identify each of the income recipients to whom withholdings have been made for payments on account. It is important to verify that all the employees, professionals or entities withheld are included in the return. It is also good to review all the personal data, to verify that they are correct before filing the tax return.
<h2>Do you need help with your company&#8217;s labor management?</h2>
At Vasalto we are tax experts. We specialize in helping other companies with services such as tax management, filing tax forms and other<a href="https://cms.vasalto.com/2024/07/01/impuesto-sobre-sociedades-sociedades-patrimoniales/">obligations with the Tax Agency</a>. Our more than 30 years of experience have given us a great deal of expertise in the sector. In addition, we are a company very involved with technology. Throughout these years we have developed a series of proprietary computer systems that allow us to manage more than 40,000 payrolls every month. In addition, we also have the best legal and accounting advice to offer our clients the best possible service.
At Vasalto, we believe that communication between people is fundamental. We make technology available to people, never the other way around. We work with technological automation solutions so that IT takes as much work off our hands as possible. This way, we have more time to dedicate to our customers.
If you are interested in learning more about international recruitment or any matter related to your company&#8217;s payroll or accounting, at Vasalto we will be happy to help you. Contact us to get to know us and see how we can help your company.

Forms 111 and 190: Annual Tax Closure Explained

Aprende las diferencias entre los modelos 111 y 190 del IRPF. Descubre cómo y cuándo presentarlos para cerrar el año fiscal correctamente.

Modelos 111 y 190: Cierre Fiscal Anual Explicado

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We are already in the corporate income tax campaign. From the beginning of this month until the 25th, companies have to file their tax forms corresponding to the fiscal year 2023. When filing this tax, there are a lot of variables to take into account. An example of these changing situations is the consideration as a patrimonial company, which we are going to deepen in this article to know the fiscal restrictions that these companies have.
A company is considered as a patrimonial company when more than half of the assets are constituted by securities or by elements not assigned to an economic activity. In order to make this assessment, the quarterly balance sheets of the fiscal year must be taken into account.
Asset-holding companies are usually set up to separate personal assets from business assets. This management has a series of advantages and disadvantages that it is convenient to know. The most important thing to know about these companies is that the Tax Agency exercises special vigilance with them. This is done to ensure that they are not mere instrumental companies, constituted solely for the purpose of evading tax obligations. In addition, it is also common for certain business groups to set up asset-holding companies whose purpose is to rent real estate to the companies of the group or to other companies.
The holding company is characterized by the fact that it does not engage mostly in economic or mercantile activities to place goods and services on the market. Its main purpose is the administration of a patrimony, normally formed by a series of securities or real estate. The figure of an asset-holding entity, regulated in the Corporate Income Tax Law, is of special relevance for those companies whose main activity consists of the management of movable or real estate assets, without carrying out an economic activity.
It is important to understand that one does not constitute an «asset-holding company» as such, but rather civil or mercantile companies that, in view of their activity and configuration of their assets, are considered as asset-holding companies. Below, we highlight the key points to be taken into account.
<h2>Types of asset-holding companies</h2>
<ul>
<li>Property holding companies. These types of companies only own real estate for family use and enjoyment.</li>
<li>Property rental property holding companies. They are dedicated to the rental of the real estate owned by the company. In order to be a holding company, it is not possible to have anyone hired with an employment contract to manage such rentals. If the company that owns and rents the real estate has, at least, one person hired full time, in this case we will be in front of a non patrimonial company of rent of real estate.</li>
<li>Asset-holding companies holding securities. They are dedicated only to holding securities and investing in the stock market, without having a business structure or employing workers.</li>
</ul>
<h2>Consideration as an asset-holding entity</h2>
When calculating last year&#8217;s Corporate Income Tax (IS), review the accounts and check whether the regime for asset-holding entities is applicable. This will be the case if more than 50% of your company&#8217;s assets are made up of securities or assets not assigned to an economic activity.
As we have seen before, to find out if this is the case, you have to calculate the average of the quarterly balance sheets of the fiscal year. It is not enough to look at the final balance sheet as of December 31. If we are talking about a company that is the controlling entity of a commercial group, we will have to take into account the average of the consolidated balance sheets, regardless of whether or not its group prepares consolidated accounts.
It is therefore advisable to analyze, at the end of each year, the quarterly balance sheets to find out whether or not the company has the status of an asset-holding entity. Calculate the average of the assets of these balance sheets and, if more than half is made up of assets not assigned to these economic activities, or by shares and participations, we can presume that we are in front of an entity of patrimonial regime.
Shares or participations are considered as assets assigned when they grant at least 5% of the capital and are held for at least one year for the purpose of directing and managing the participation, provided that the corresponding organization of material and personal means is available for this purpose.
<h2>Money and credit rights</h2>
It is important to know that, when calculating this average, neither the money nor the credit rights coming from the transfer of patrimonial elements assigned to economic activities or securities that have been carried out in the tax period or in the two previous tax periods will be computed. However, cash and credit rights deriving from the transfer of assets assigned to economic activities carried out in the same tax period or in the two previous periods, or deriving from the ordinary course of the economic activity, are considered as assigned items.
<h2>Loss of tax benefits or incentives</h2>
A company may be adversely affected if it is determined that it is necessary to apply the regime of patrimonial entity. With this regime several tax benefits and incentives are lost that are provided for entities that do engage in the development of economic activities. If the company is considered as a patrimonial entity, it will not be able to benefit from the following conditions:
<ul>
<li>The special regime for small companies (accelerated depreciation, equalization reserve&#8230;).</li>
<li>If it has been constituted recently, in the first two financial years with profits (the first four if it is a start-up) it will not be entitled to benefit from the reduced rate of 15%.</li>
<li>The regime for entities holding foreign securities (ETVE).</li>
<li>It will not be able to compensate the negative taxable bases when the entity is acquired with the intention, on the part of the buyer, to take advantage of such negative bases.</li>
<li>It will not be able to apply the exemption for the tacit capital gain originated in the transfer of the participations with respect to the tax periods in which the entity is considered as a patrimonial entity.</li>
<li>It will not be able to apply the full exemption to eliminate double taxation in the case of receipt of dividends or sale of shares, when certain requirements are met.</li>
<li>It will not be able to apply the reduced rate of 23% (as of January 1, 2023, a reduced tax rate of 23% will be introduced for entities whose net turnover for the immediately preceding tax period is less than 1 million euros).</li>
</ul>
<h2>Your taxes made easier with Vasalto</h2>
In summary, the companies themselves, which have economic activities as their objective, have greater tax benefits than those that are considered patrimonial entities. For all these reasons, it is necessary to carry out as detailed a review as possible of a company&#8217;s economic activities. At Vasalto, we have a team of tax experts that can help you determine whether your company is classified as a patrimonial entity. In this way, we guarantee proper compliance with tax obligations.
At Vasalto, we have been helping companies with a comprehensive service for more than 30 years. We offer both payroll outsourcing services and accounting advice. During these years we have worked hand in hand with a large number of clients who are leaders in their respective sectors, which gives us a great deal of experience in the sector.
We are present in several countries, with headquarters in Madrid, Barcelona, Porto and Bordeaux, and we have clients all over the world, as well as collaborators in more than fifty countries. Moreover, Vasalto is a purely technological company. We believe in putting technology at the service of talent. That is why we have a series of proprietary computer systems that allow us to manage more than 35,000 payrolls every month and automate most of our clients&#8217; accounting procedures.
Thanks to Valanza, Vasalto&#8217;s legal office, we also have a team of lawyers specialised in the areas of commercial, civil, labour and administrative law, among others. We count on them to provide the best legal assistance possible, always working towards comprehensive service.
If you are interested in learning more about payroll outsourcing, at Vasalto we will be happy to assist you. Contact us to get to know us and see how we can help your company.

Property companies and corporate income tax

Aprende cómo el Impuesto sobre Sociedades afecta a las empresas consideradas patrimoniales. En Vasalto te asesoramos con tus impuestos.

Las sociedades patrimoniales y el Impuesto sobre Sociedades

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Although the income tax campaign is still in its last throes, at Vasalto we are already thinking about what is to come. Next July is the deadline to pay the Inheritance Tax. Therefore, we wanted to dedicate a series of articles in our blog to better explain this tax. Next we are going to detail the most basic and important aspects of the IS: its characteristics, who has to pay it, how it is calculated and which are the models for its presentation.
<h4>Characteristics of the Corporate Income Tax</h4>
Corporate income tax is the tax levied on the income of companies and other legal entities located in Spain. To better understand the nature of the tax, it is best to look at its characteristics. We will classify it as a personal, direct and periodic tax.
It is personal because it takes into account personal circumstances. The taxable event, which is what is taxed, is the income obtained by legal entities, mainly commercial companies. There are also other types of taxes that are not related to these personal circumstances. An example of a real tax is the Real Estate Tax (IBI).
It is a direct tax because it is levied on the wealth itself. In this same classification we can find taxes such as Personal Income Tax (IRPF), which is levied on the acquisition of wealth by an individual. Other taxes such as VAT (Value Added Tax) tax the use of this wealth.
Finally, it is periodic because it is a tax liability that is generated over time. As the taxable event is prolonged in time, this tax is settled after the end of this period. The tax period for this tax is the fiscal year. This means that this year is taxed on the income obtained in the year 2023. On the other side we find the instantaneous taxes. These place their taxable event in specific acts. The Inheritance and Gift Tax can be an example of an instantaneous tax. Inheriting or donating are concrete acts, they are not prolonged in time, that is why their liquidation is instantaneous.
<h4>The taxpayers in the Corporate Income Tax</h4>
A taxpayer is any person, whether an individual or a legal entity, who is obliged to file a tax return. In the specific case of Corporate Income Tax, taxpayers will always be legal entities. In Spain there are many types of legal entities, but those that are liable for this tax are the following:
<ul>
<li>Commercial companies: this is considered to be any legal entity that is created to initiate a commercial activity for profit. This classification includes Temporary Joint Ventures (UTE), as well as corporations and limited liability companies.</li>
<li>Civil Companies that have a mercantile nature</li>
<li>Investmentfunds, pension funds, cooperatives</li>
<li>Agricultural companies and economic interest groupings (EIGs).</li>
<li>Associations and foundations (NGOs, professional associations).</li>
</ul>
These companies are obliged to file the tax, even though no income has been obtained during the year. Nor does it exempt from filing in situations such as bankruptcy or liquidation of the company.
<h4>How the Corporate Income Tax is calculated</h4>
The first thing we have to know when calculating the Corporate Income Tax is the tax rate that corresponds to each company. There are six different percentages, which are going to be applied according to a series of circumstances:
<ul>
<li>25%. This is the general rate. If the company does not fit in any of the other assumptions, this rate is applied.</li>
</ul>
<ul>
<li>23%. This reduced rate is one of the novelties of this year for the Corporate Income Tax. It will be applied to entities with a turnover not exceeding one million euros in the previous tax period. The patrimonial entities are not eligible for this reduction.</li>
</ul>
<ul>
<li>20%. It is applied to those cooperatives that are tax protected.</li>
</ul>
<ul>
<li>15%. This reduction is established for newly created entities. They can benefit from this reduction in the first positive taxable base and the immediately following one. If the period following the first positive base is not positive, the reduction will not be effective.</li>
</ul>
<ul>
<li>10%. This tax is for legal entities that are not for profit, such as NGOs.</li>
</ul>
<ul>
<li>1%. In this last case are the investment companies of variable capital regulated by Law 35/2003.</li>
</ul>
Once the corresponding tax rate is known, it is time to calculate the tax. Now we have to know the accounting result, which is nothing more than the result of subtracting the expenses from the income of a company.
A series of reductions can be applied to this accounting result to obtain the taxable base. These reductions, such as the offsetting of tax losses, are specified in Chapter V of the Corporate Income Tax Law (LIS).
Once the relevant reductions have been made, the gross tax liability is calculated by applying the tax rate.
<h4>Corporate income tax filing forms</h4>
The most important forms relating to Corporate Income Tax are as follows:
<ul>
<li>Form 200: This is the form used by most companies. They are those whose fiscal year coincides with the calendar year. These entities must file this form between July 1 and July 25 of the year following the year in which the tax period ends.</li>
</ul>
<ul>
<li>Form 202: This is the form used for payments on account, which are amounts that are advanced before the payment of a debt. This form is to be filed in the first 20 calendar days of the months of April, October and December.</li>
</ul>
<ul>
<li>Finally, we have Form 220. This form is the one established for entities under the tax consolidation regime. This regime is regulated by the Corporate Income Tax Law, specifically in its chapter VI, which includes articles 55 to 75. The filing period for this form is, as a general rule, the first 25 calendar days of July of the year following the end of the tax period.</li>
</ul>
<h4>Your taxes made easier with Vasalto</h4>
At Vasalto, we have been helping companies with a comprehensive service for more than 30 years. We offer both payroll outsourcing services and accounting advice. During these years we have worked hand in hand with a large number of clients who are leaders in their respective sectors, which gives us a great deal of experience in the sector.
We are present in several countries, with headquarters in Madrid, Barcelona, Porto and Bordeaux, and we have clients all over the world, as well as collaborators in more than fifty countries. Moreover, Vasalto is a purely technological company. We believe in putting technology at the service of talent. That is why we have a series of proprietary computer systems that allow us to manage more than 35,000 payrolls every month and automate most of our clients&#8217; accounting procedures.
Thanks to Valanza, Vasalto&#8217;s legal firm, we also have a team of lawyers specialized in the areas of commercial, civil, labor and administrative law, among others. We count on them to provide the best legal assistance possible, always working towards comprehensive service.
If you are interested in learning more about payroll outsourcing, at Vasalto we will be happy to assist you. Contact us to get to know us and see how we can help your company.

Learn about Corporate Income Tax in depth

Descubre todo lo que necesitas saber sobre el Impuesto sobre Sociedades: características, obligados tributarios y su presentación en Vasalto.

Conoce a fondo el impuesto sobre sociedades

Conoce a fondo el Impuesto sobre Sociedades

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For this fiscal year 2023, the main changes in the Corporate Income Tax (IS) are focused on adopting measures for emerging companies, micro-enterprises and for those that undertake investments in energy saving. Below, we are going to see the main novelties for the liquidation of this fiscal year.
Regulatory novelties with incidence on the tax return forms
1. Freedom of amortization of installations using energy from renewable sources.
Firstly, the possibility of freely amortizing investments made in installations for self-consumption of electricity is introduced. This change can be applied in tax periods beginning or ending in 2023. This modification also includes investments in installations for thermal use for own consumption, provided that they use energy from renewable sources and replace installations that use energy from non-renewable fossil fuel sources.
The amount of the investment that may benefit from the free depreciation regime will be 500,000 euros. For the application of this case it is necessary that, during the 24 months following the date of commencement of the tax period, the total average workforce of the entity is maintained with respect to the average workforce of the previous twelve months. In addition, taxpayers must have the necessary documentation to prove this investment.
2. Accelerated depreciation of certain vehicles
For tax periods starting from 2023 onwards, an accelerated depreciation scenario is introduced for investments in certain new vehicles. These vehicles must be used for economic activities and must enter into operation in the tax periods beginning in 2023, 2024 and 2025. The amendment allows them to be depreciated based on the result of multiplying by 2 the maximum straight-line depreciation coefficient provided for in the officially approved depreciation tables.
With effect from June 30, 2023, this accelerated depreciation scenario is extended to investments in new electric vehicle recharging infrastructures, of normal or high power.
3. Reduced tax rate
Also from 2023, a new reduced tax rate of 23 percent is introduced. Entities whose net turnover for the immediately preceding tax period is less than 1 million euros are eligible for this reduction. In order to know how to calculate the net amount of the turnover we have to go to paragraphs 2 and 3 of article 101 of the LIS.
4. Deduction for investments in film productions
In order to encourage investment in culture, it has been decided to increase the limits of the deduction for investments in films and series, whether Spanish or foreign. The maximum amount of the deduction is increased to 20 million euros for films. In the case of series, the deduction is determined per episode, with a limit of 10 million euros for each episode produced.
5. Income not subject to withholding tax
Another of the most important novelties is that a series of withholding obligations are eliminated. From this fiscal year, there will be no obligation to withhold or pay on account with respect to income derived from the following events:
&#8211; The reimbursement or transfer of participations or shares issued by listed funds or by listed open-end investment companies regulated by article 79 of the Regulations for the development of Law 35/2003 or collective investment institutions incorporated abroad analogous to those mentioned above.
&#8211; The interest received by the securities companies as a consequence of credits or loans granted in relation to purchase or sale operations of securities referred to in article 126.b) of Law 6/2023, of March 17, of the Securities Markets and Investment Services.
&#8211; Interest received by investment services companies in respect of active loan or deposit transactions referred to in article 70.1 of Royal Decree 813/2023, of November 8, on the legal regime of investment services companies and other entities providing investment services.
&#8211; Interest received by central counterparties or by entities that are members of a central counterparty.
&#8211; The consideration for the guarantees constituted in application of the provisions of Article 97.2 of the Securities Markets and Investment Services Law of Articles 41 and 42 of Regulation (EU) number 648/2012 of the European Parliament and of the Council of 4 July 2012.
&#8211; The interest received by the managing entities of the payment systems recognized in accordance with Law 41/1999, of November 12, on payment and securities settlement systems, as well as by the entities that have the status of participants in these systems, from guarantees constituted in application of the provisions of letter d) of article 2 of said law, or from the accounts exclusively affected to the performance of the operations inherent to the corresponding payment system.
6. Emerging companies («Startup»)
A series of tax incentives will be applied for the taxpayers of Corporate Income Tax and Non-Resident Income Tax who obtain income through a permanent establishment located in Spanish territory and who have the status of an emerging company as provided therein:
&#8211; They will be taxed at the rate of 15% in the first tax period in which, having the status of emerging company, the taxable income is positive and in the following three periods, provided that they maintain such status.
&#8211; They will be able to request to the State Tax Administration, at the moment of the presentation of the self-assessment, the postponement of the payment of the tax debt corresponding to the first two tax periods in which the taxable base of the Tax is positive.
&#8211; They will not have the obligation to make the installment payments regulated in articles 40 of the LIS and 23.1 of the TRLIRNR that they must make on account of the liquidation corresponding to the tax period immediately following each one of the tax periods in which the deferral referred to in the previous point has been requested, as long as in them the condition of emerging company is maintained.
7. Temporary levies: energy and credit institutions/financial establishments.
Finally, we are going to talk about the temporary energy tax and the tax on credit institutions and financial credit establishments. Both will have this temporary character during the years 2023 and 2024.
The temporary energy tax must be paid by the persons or entities that have the consideration of main operator in the energy sectors, according to the Resolution of December 10, 2020 of the National Commission of Markets and Competition.
The temporary levy of credit institutions and financial credit institutions must be paid by institutions operating in Spanish territory and whose income from interest and commissions corresponding to the fiscal year 2019 is equal to or higher than 800 million euros.
Both levies are configured as a non-tax public property benefit, which are not considered as tax-deductible expenses for the purpose of determining the taxable base of the Corporate Income Tax.
Your taxes made easier with Vasalto
At Vasalto, we have been helping companies with a comprehensive service for more than 30 years. We offer both payroll outsourcing services and accounting advice. During these years we have worked hand in hand with a large number of clients who are leaders in their respective sectors, which gives us a great deal of experience in the sector.
We are present in several countries, with headquarters in Madrid, Barcelona, Porto and Bordeaux, and we have clients all over the world, as well as collaborators in more than fifty countries. Moreover, Vasalto is a purely technological company. We believe in putting technology at the service of talent. That is why we have a series of proprietary computer systems that allow us to manage more than 35,000 payrolls every month and automate most of our clients&#8217; accounting procedures.
Thanks to Valanza, Vasalto&#8217;s legal office, we also have a team of lawyers specialised in the areas of commercial, civil, labour and administrative law, among others. We count on them to provide the best legal assistance possible, always working towards comprehensive service.
If you are interested in learning more about payroll outsourcing, at Vasalto we will be happy to assist you. Contact us to get to know us and see how we can help your company.

Corporate Income Tax News 2023

Descubre las principales modificaciones del Impuesto sobre Sociedades para 2023, incluyendo beneficios para empresas emergentes

Categoría: Impuestos