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TEAC allows life insurance premiums as a deductible financing cost for rented property

Sun, November 01

A TEAC ruling under its procedure for unifying criteria allows certain life insurance premiums linked to a mortgage on a rented property to be deducted, expressly departing from the Directorate...

Can the Tax Agency check VAT credits from years that are already time-barred?

Sun, November 01

Can the Tax Agency check VAT credits from years that are already time-barred?The fact that four years have passed does not necessarily mean that the Tax Agency can no longer look back.The Supreme...

The Tax Agency cannot bypass shareholders and go straight after the director of a dissolved company

Sun, November 01

The Supreme Court says the Tax Agency must pursue successor shareholders before transferring a dissolved company's tax debts to its directorThe Supreme Court has set an important limit on the...

Can you deduct more than 50% of VAT on car fuel and repairs? The DGT says yes, if you can prove business use

Sun, November 01

Can you deduct more than 50% of VAT on car fuel and repairs? The DGT says yes, if you can prove business use.One of the best-known VAT rules is the 50% rule for vehicles.A business or professional...

New 2026 income tax deduction for low-wage workers: who qualifies?

Sun, November 01

The Tax Agency cuts income tax for low-paid workers in 2026: who can claim the new deduction? A new deduction to prevent the increase in the minimum wage from raising income taxThe 2026 increase...

A tax inspection may open the door to other tax years: the Supreme Court endorses incidental findings by the Tax Agency

Sun, November 01

The Tax Agency may use material found during a search to assess tax years that were not initially under inspection, provided the discovery was genuinely incidental and the required safeguards are...

Supreme Court redefines the main source of income test for family business transfers

Sun, November 01

The Supreme Court clarifies how to calculate the main source of income in family business transfersA significant judgment for family businessesThe Supreme Court has issued an important judgment for...

Supreme Court confirms that VAT on client entertainment tickets is not deductible

Sun, November 01

The Supreme Court confirms that businesses cannot deduct input VAT on tickets to sporting events and recreational activities given to clients, even when they prove a business purposeInviting a client...

Dibujo de la Fachada del Tribunal económico administrativo central

The extension of the deadline by three months for delays attributable to the taxpayer is automatic.

Thu, January 26

The extension of the maximum duration of the inspection procedure for a period of three months is totally unrelated to the reasons for which the inspected party has belatedly provided documentation....

NFT Games

4 NFT Games Better Than Axie Infinity To Make $100 Per Day

Wed, December 14

NFTs can be used to represent in-game assets, such as digital parcels of land, that are controlled by the user rather than the game developer.22 NFTs allow assets to be traded on third-party...