Tips to end the tax year 2019
Por Irene Carrera Aguado
17th of December 2019
A few days before the end of 2019, it is convenient to review certain practical accounting and tax issues that can help us to better plan the coming year, and even save us money in taxation. Therefore, we give some advices to take into account before this year’s end.
Will Spanish growth stabilize at 1.5% in the coming years?
- Por José María Romero & Andrea Cordero
- 14th of November 2019
In Spain, the economy is growing well below previous years, but it will still close 2019 with an annual GDP increase of 2.0% and above the Eurozone average. We expect growth to stabilize in 2021 towards its long-term potential rate, at 1.5%. Nevertheless, domestic and international risks threaten this baseline scenario. Therefore, there is a clear need to guarantee a framework of certainty and economic reforms that generate activity. This is confronted, however, by the current political reality.
Going around with taxation for severance payments
- Por Reyes Gil Serrano
- 14th of October 2019
The judgment of the National Court of last July is in comments, in which, through the indiciary test, the application of the exemption in the Personal Income Tax of a compensation for severance payments agreed in an act of conciliation before the labor authorities is denied . The Tax Authorities and the aforementioned Court presume the existence of an agreement between the parties.
Uncertainty about municipal capital gain continues
- Por Alberto González Ferrer
- 10th of October 2019
The Supreme Court must resolve two new issues related to the Tax on increase in urban land value: first, whether it is possible to determine the taxable base according to the accounting result declared in the Corporation Tax; and, secondly, whether it is possible to update the acquisition value of the property according to the CPI or to some inflation correction mechanism.
The inertia of economic growth
- Por José María Romero Vera
- 22nd of July 2019
Despite the slowdown in the global economy, the most important indicators of the Spanish economy confirm prolongation of the expansive phase. At Equipo Económico we foresee an increase in GDP of 2.4% in 2019 and 2.1% in 2020. Inertia in activity continues to be sustained in the reforms implemented in previous years, and again in the historical minimum interest rates.