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Spanish Supreme Court ruling on transfer pricing in cash pooling structures. Judgment 985/2025 of 15 july 2025 (Rec. 4729/2023)

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On 15 July 2025, the Spanish Supreme Court issued Judgment 985/2025, which is highly relevant for multinational groups operating centralized treasury systems (“cash pooling”). The judgment ends a long-standing dispute with the Spanish tax authorities, confirming earlier decisions of the Spanish Central Tax Tribunal (administrative tax court of first instance, TEAC) and the Spanish National […]

Spanish Supreme Court ruling on transfer pricing in cash pooling structures. Judgment 985/2025 of 15 july 2025 (Rec. 4729/2023) Read More »

Royal Decree-Law 9/2025, of 29 july, extending the leave for birth and care of a child has been published

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Royal Decree-Law 9/2025, of 29 July, has been published in the Official State Gazette dated 30 July 2025, extending birth and child care leave, by amending various labour and social security regulations, as well as the Basic Statute of Public Employees, to extend birth leave,  adoption, foster care and foster care with the aim of

Royal Decree-Law 9/2025, of 29 july, extending the leave for birth and care of a child has been published Read More »

Real estate assets: the Supreme Court paves the way for the application of a 95% tax reduction on inheritances and exemption from wealth tax

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The long-awaited and important ruling of the Supreme Court has just been published regarding the application of the 95% reduction for family businesses provided for in the Inheritance and Gift Tax, in cases of property rental activity. The regulations establish that, for the leasing of real estate to be considered an economic activity, it is

Real estate assets: the Supreme Court paves the way for the application of a 95% tax reduction on inheritances and exemption from wealth tax Read More »

The Supreme Court declares the nullity of the section of Royal Decree 517/2014 that imposed mandatory drone registration due to procedural defects

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Today’s Official State Gazette publishes the judgment of the Third Chamber of the Spanish Supreme Court of 19 June 2025 declaring the nullity of Section 3 of Chapter VI of Royal Decree 517/2014, regulating unmanned aircraft. This Section includes articles 53 to 58 of the Royal Decree and was introduced at the request of the

The Supreme Court declares the nullity of the section of Royal Decree 517/2014 that imposed mandatory drone registration due to procedural defects Read More »

New list of CNAE-2025 codes: mandatory notifications and deadlines

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Royal Decree 10/2025 of 14 January (published in the Official State Gazette – BOE – on 15 January 2025), approves the new National Classification of Economic Activities 2025 (Clasificación Nacional de Actividades Económicas 2025 – CNAE-2025), which replaces the currently applicable CNAE-2009. This update responds to the need to reflect structural, scientific and technological changes

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Golden Visa derogated: investors have less than 3 months to apply for it

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In a significant legislative change, the government has approved Law 1/2025 of January 2nd, which repeals the Golden Visa program. This new regulation will come into effect on April 3rd, 2025, after this date international investors will no longer be able to apply for this type of visa. The Golden Visa program has allowed foreign

Golden Visa derogated: investors have less than 3 months to apply for it Read More »

New extension of the transitional regime suspending the liberalisation of certain foreign direct investments

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The Spanish Government has decided to extend, until 31 December 2026, the transitional regime that suspends the liberalisation of certain foreign direct investments in Spain carried out by residents of other European Union (EU) countries and of the European Free Trade Association (EFTA). This measure was initially introduced in the sole transitional provision (“disposición transitoria

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Revision of the limits of liability under the Montreal Convention 1999

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As of 28 December 2024, new limits of liability, under the Convention for the unification of certain rules for international carriage by air (Montreal Convention 1999), after the ICAO completed the review procedure laid down in its Article 24. The ICAO announced on last 16 October, by means of the State Letter LE 3/38.1-IND/24/8, the

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