For those of us who work on a daily basis with the compliance of the Spanish Corporate Law, several questions arise in relation to the Statement of Non-Financial Information , but the main one nowadays is: am I obliged to generate and present this statement of non-financial information for my company?
On the verge of 3 years since the publication of the standard that regulates the Statement of non-financial information , Law 11/2018, we are on the verge of a significant change in relation to the scope.
That change refers to the fact that the obligation to present the consolidated non-financial information statement will be applicable to all those companies with more than 250 employees that, either are Public Interest Entities, or during two consecutive fiscal years meet, at the closing date of each of them, at least one of the following circumstances:
that the total of the asset items exceeds 20.000.000 euros;
the annual net turnover exceeds 40.000.000 euros.
In other words, for fiscal years starting from 1-1-2021, all those companies that are part of the scope of application of the Capital Companies Act (SRL, SA and limited partnerships by shares), with more than 250 employees and that, either have the consideration of Public Interest Companies, or, for two consecutive fiscal years meet at least one of the two circumstances set out above in relation to the volume of assets or turnover, are required to submit the statement of non-financial information at individual level during 2022.
In recent years, due to a vague initial experience and associated only with listed companies, a large number of doubts have arisen regarding the following questions:
Did you know that the law covers areas such as the fight against corruption and bribery, social criteria in your purchasing policy, human rights or the impact the company has on local development and goes far beyond areas that are the order of the day such as climate change, circular economy or biodiversity?
In our experience it is important to get advice for companies to optimize their resources and to be able to verify their reports without bumps in the road. Mainly:
Euro-Funding collaborates with companies by advising them on their international operations and recovering foreign VAT. We anticipate the problems that may arise in international operations. Ampliar información Fiscalidad Inmobiliaria Devolución IVA Extranjero Deducción discapacidad Deducciones fiscales I+D+i Agrupación de Interés Económico Cash-back Fiscalidad Inmobiliaria Devolución IVA Extranjero Deducción discapacidad Deducciones fiscales
The tax deductions associated with the execution of Research and Development (R&D) and Technological Innovation (TI) projects allow a reduction in the payment of Corporate Income Tax of up to 42% of the expenses incurred. It is a very flexible financing instrument since it depends on the R&D&I performance of
The cash-back or tax check is an alternative for those entities that cannot apply the deduction either due to insufficient quota (negative result in the Corporate Income Tax) or due to exceeding the joint limit of application of the deductions. Ampliar información Fiscalidad Inmobiliaria Devolución IVA Extranjero Deducción discapacidad Deducciones
Economic Interest Groupings (EIGs), also known as Tax Lease, arise when a company developing an R&D&I project cannot apply the tax deduction to its activity. It is at that moment when the deduction is taken advantage of by transferring it to investors in charge of directly financing the activity. Always
Our real estate taxation department includes both the regularization of assets and the coordination of the land registry, as well as the correct allocation of cadastral values and reference values and the optimization of all taxes managed by local entities in order to adjust them to the real manifestation of their