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Tax

Taxes are critical to the profitability of your business.

It is essential to know and apply proper planning to achieve tax optimization.

G1’s team of experts will explain your tax situation and your tax obligations clearly.

Taxes

Advice on local taxes and on the tax office of the autonomous communities.

Our mission is to provide information, assistance and representation to taxpayers in their relations with the Tax Administration, in order to assert the rights of taxpayers before the Treasury in the various tax management and control procedures.

Tax Obligations

G1 strictly complies with deadlines and fiscal calendars, offering the customer guidance and information on their needs.

VAT (Value Added Tax)

VAT, or IVA as it is known in Spain, is a tax based on consumption, i.e. financed by the consumer as a regressive tax, applied in many countries and widespread in the European Union, declarations and settlements are made monthly or quarterly, on both incoming and outgoing VAT.

ROI for intra-community VAT registration
To carry out intra-community transactions or purchases and supplies of goods and services between European Union (EU) countries, possession of the VAT number is one of the most important formal requirements.

In this sense, we must remember that intra-community supplies of goods and services are exempt from VAT only if we have a VAT number or, in other words, if we have previously been registered in the Register of intra-community operators, which in turn leads to our inclusion in the VIES census (system for the exchange of information on VAT).

The same requirement is necessary so that we are not charged VAT on intra-community purchases of goods and services.

IRPF (Individual Income Tax)

The IRPF is a progressive tax that is imposed on the income of a specific nature of individuals including income related to profits deriving from equity investments in the Company.

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CORPORATE TAX

Currently it is possible to get a bonus of 25% to 15% for the first 2 years if you activate it before a possible revocation.

Corporate tax, also known as corporate income tax, is a direct tax that is imposed on legal persons and usually with a single tax rate, which is levied on profits obtained by companies.

TRANSMISSION FEES

The tax on the transfer of property and documented legal acts is a complex tax in force in Spain. It is a complex tax because it collects different taxable events, so sometimes the doctrine divides it into three different taxes: It applies to property transfers and used goods, such as any real estate, vehicle or boat purchase.

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RATES

Taxes whose taxable event consists of private use or special use in the public domain, the provision of services or in the performance of a private or civil procedure.

Resources

The administrative appeal is an administrative act usually exercised at the request of a party to obtain the modification, revocation or invalidation of an administrative decision, generally when it results in a complaint to the administration, the revenue agency, social security, unemployment benefit, or other public bodies.

At G1 we have knowledge in the field of appeals clearly formalized in law to defend your interests.

Challenges

The main difference concerns the right to challenge the act: of an administrative or judicial process. It is possible to challenge an act not only when it does not respect a subjective right of the applicant, but also when it violates a legitimate interest.

Our legal team defends your legal rights.

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Business Tax

We explain, through our know-how, all the regulations according to company law.

COMPANY CONSTITUTION

We are specialists and have constantly updated processes that improve the creation process of your company.

We have experience, we know what to do. We work daily with SMEs, freelancers, entrepreneurs and startups, who have decided to start their own business.

We are here to accompany every one of them throughout their successes and their difficulties.

Continuous and specialized attention, according to your needs: an entire team of qualified managers at your service and also that of your company.

We include all the procedures to create a company and behave professionally as a qualified team.

We are your PAE point. (point of attention to the entrepreneur)

constituciones de empresas 

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Corporate changes

The transformation of companies. The transformation of a company is understood as the transition from one type of company to another recognized by law, while maintaining its legal personality.

By virtue of the transformation, a company adopts a different type of company, but retains its legal personality.

Capital requests, shareholder changes, sole proprietorships, mergers, demergers and dissolutions (dissolution and liquidation of a company).

Statute

The statute is the Contract of association: the instrument that brings the legal person into legal life. It is the written agreement between its partners and shareholders, which contains the rules that they have drawn up with respect to both their relationships and those they will have within the company. Activities and limits are defined.

DIVISION

A spin-off means an operation in which all or part of the assets of a company are divided to transfer the resulting part to the same number of pre-existing companies or companies created for this purpose without necessarily putting the company into liquidation.

That is to say, the total or partial dispersion of the assets of the company subject to the demerger and its subsequent delivery to other
companies (beneficiary companies) so that they can deliver a certain number of shares or quotas in exchange for a contribution.

CENSUS/ADDITIONS/CANCELLATIONS

The census declaration is the document through which the taxpayer communicates various personal data with tax implications to the Financial Administration, such as marital status or address, and requires the assignment of the Tax Identification Number (NIF-CIF).

This term is also used in the field of challenge or contributory social security.

Dissolution

Dissolution and liquidation of assets. Dissolution is the legal act opening the liquidation process that will lead to the extinction of the company or business as a contract and as a natural or legal person.

Merger

Merger of companies. A merger is a legal transaction between two or more companies that has the purpose of extinguishing all or some of them and integrating their respective shareholders and assets into a single pre-existing or newly established company.

REGISTRATION OF MEMBERS

The resolutions that the assembly adopts, as well as all the circumstances relating to the assembly, must be reported in the minutes, which become the decisive document from which the assembly events can be known.

The resolutions must be reported in this way because they must be registered in the Register of Companies which are made public, and it is possible to check whether the resolutions have been validly adopted.

The minutes of the Shareholders’ Meeting thus become a fundamental and mandatory document in every commercial company through the filing of accounting books and annual accounts.

Annual reports

An annual report reports on the activities carried out by an organization during a whole year. This report is registered in the commercial register and is accessible to the public.

Changes

We carry out any legal changes, statutes, company changes or contracts under commercial law.

Our lawyers are at your complete disposal for any consultation or direction.

PREPARATION OF ACCOUNTS

We will take care of the compilation and electronic submission of your accounts.

  • Journal (Books)
  • Inventory
  • Balance Sheet
PREPARATION OF ANNUAL ACCOUNTS

The financial statements, consisting of the balance sheet, the income statement, the statement of changes in shareholders’ equity for the year, the cash flow statement and the explanatory note, are a single document that must be drawn up clearly and in compliance with the rules established by the Code of Commerce, the Spanish Company Law and the Spanish National Accounting Plan.

The purpose of these financial statements is none other than to show a true and honest view of the company’s assets, its financial situation and the results it has obtained in compliance with the provisions of the law.

Therefore, the accounting of transactions is based only on their economic reality and not only on their legal form.

Miscellaneous

Rentals

A lease or rental agreement is a contract by which one party (the lessor) undertakes to temporarily transfer the use and enjoyment of an asset or property to the other party (the lessee) who in turn undertakes to pay for such use or enjoyment at a determined and determined price.

It is essential that our lawyers take care of your interests, adding legal clauses for your protection, including in the event of pandemics, force majeure and obligations.

Drawing up a rental agreement is the key to your peace of mind.
Trust in our experience.

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Customs/Imports

An import consists of the introduction into the market of the consumption of goods or other types of goods (vehicles) from outside the national customs territory, with the payment of taxes or under the protection of the related exemptions (Customs Code).

G1 will inform you of your obligations and related payable taxes .

Legal acts

A legal act is the declaration or manifestation of will, sanctioned by law, aimed at producing legal effects desired by its author or by the parties, which may consist in creating, modifying, transferring, transmitting or extinguishing rights and obligations.

G1 assists you in the preparation of notarial deeds, contracts, agreements and the corresponding tax preparation.

Inspections / representation / actions

Each company is subject to IRS inspections.
The Spanish Revenue Agency inspects and visits businesses to fight fraud.

For some years now, the number of corporate tax inspections has been increasing.

Therefore, if your company has not yet received an inspection from the AEAT, it is likely to receive one in the not too distant future: apart from inspections carried out for signs of errors or fraud, a significant number of inspections are carried out at random.

We carry out actions before labour inspections or tax inspections such as in state agencies.
In every procedure we defend the legal and fair interests of our clients.

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Advice on local taxes and the tax agency of autonomous communities, in order to implement a tax optimization methodology for the taxpayer.

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Contrast and manage information and knowledge in tax matters, through the use and management of tax databases and other telematic tools to achieve the established objectives.

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Providing information, assistance and representation to taxpayers in their relations with the Tax Administration, in order to assert the rights of taxpayers before the Tax Administration in the various tax management and inspection procedures.

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Analyzing the legal and fiscal reality to choose the best solutions to specific problems, making optimal decisions within the established times.

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Advice on local taxes and the tax agency of the Balearic Islands, in order to apply a tax optimization methodology for the taxpayer.

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Carry out adequate tax planning in relation to the transfer of taxpayers' assets and rights, the succession of individuals or the structure and composition of personal assets.

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Fulfillment of tax settlements in time and form

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Provide taxpayers, be they natural or legal persons, with a detailed analysis of the tax legislation and of the interpretation and administrative action applicable to the specific case under investigation.

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Identify the tax liabilities relating to the incorrect classification of transactions and the failure to comply with formal and material tax obligations.

“If you want an effective management with real advice, then do not hesitate, are undoubtedly the best professionals I have found, fast friendly and resolute, thank you very much for your work.”

Google — samuel orozco

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ALCÚDIA

Avenida de la playa, 19D bajos
07400 Puerto de Alcúdia

+34 902 997 869
+34 971 597 220

PALMA

Pasaje Santa Catalina de Siena, nº 4, entresuelo 1º C, 07002 Palma de Mallorca

+34 902 997 869
+34 971 597 220

BARCELONA

Gremio de asesores fiscales
avenida de Roma, 80
08015 Barcelona

+34 902 997 869
+34 665 785 585

MADRID

Corredera alta
de san pablo 31 1º d
28004 Madrid

+34 902 997 869
+34 665 785 585

VIGO

Ag negocios
Calle de Colón, 20
36201 Vigo

+34 902 997 869
+34 665 785 585

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