Blog

Articles on international taxation, expatriates and business advisory.

Setting Up in Spain

Should You Create an ETVE Holding Company in Spain for Your Expansion as a Foreign Business?

If your company already operates in other countries and you are considering establishing a subsidiary in Spain, you are probably interested in advantages such as direct access to the European market, highly qualified talent, and a competitive tax framework. Spain combines stability, infrastructure, and a strategic position to manage operations both in Europe and Latin […]

David Búa Monjil November 3, 2025
International Tax

Form 200 in Spain: Corporate Income Tax Declaration for Multinationals

The Form 200 is the annual Corporate Income Tax (CIT) declaration in Spain, a mandatory requirement for subsidiaries of multinational groups operating in the country. This form reflects the taxable base, including income, expenses, deductions, and adjustments related to related-party transactions, double taxation treaties (DTTs), and transfer pricing. Errors in Form 200 can lead to […]

David Búa Monjil October 8, 2025
International Tax

Non-Cooperative Jurisdictions in Form 232: How to Report and Avoid Risks in Spain

Transactions with non-cooperative jurisdictions pose a critical challenge for multinational groups with subsidiaries in Spain. These jurisdictions, often associated with tax havens, are under scrutiny by the Spanish Tax Agency (AEAT) due to their potential for tax evasion. Properly reporting these transactions in Form 232 is essential to comply with Spanish regulations and avoid severe […]

David Búa Monjil September 24, 2025
Sin categorizar

Tax Residency Certificates and Their Use in International Agreements (Spain)

Tax residency certificates are essential for multinational groups seeking to minimize their tax burden through double taxation agreements (DTAs). In Spain, these certificates are critical for reducing or eliminating withholding taxes (WHT) on payments such as dividends, interest, or royalties to foreign entities. An incorrect or missing certificate can lead to over-taxation, penalties, or audits […]

David Búa Monjil September 16, 2025
International Tax

Transfer Pricing Documentation: Master File and Local File

Transfer pricing documentation is a key pillar of international tax compliance for multinational groups operating in Spain. Since the OECD’s BEPS project, the Master File and Local File have become mandatory components that allow tax authorities to assess whether intra-group transactions follow the arm’s length principle. This article explores the contents of each type of […]

David Búa Monjil August 20, 2025
International Tax

How to Avoid Double Taxation Between Parent Company and Foreign Subsidiary (Spain)

International double taxation is a critical challenge for multinational groups operating in Spain. When the same income—such as dividends paid by a Spanish subsidiary to its U.S. parent company—is taxed in both the source and destination countries, the tax burden can increase by up to 30% if not managed properly. Additionally, errors in handling this […]

David Búa Monjil August 7, 2025
International Tax

Form 232 in Spain: Complete Guide for International Groups

Form 232 is one of the most critical reporting obligations for multinational companies operating in Spain. It is designed to increase transparency in transfer pricing and to monitor economic flows with non-cooperative jurisdictions. Many CFOs and tax managers are unaware of the thresholds, timing, and scope of the form. Moreover, incorrect or incomplete submissions can […]

David Búa Monjil July 29, 2025
Mobility & Talent

Payroll management for expatriates in Spain: a strategic guide for multinationals

Discover how to optimize payroll management for expatriates in Spain, covering legal compliance, fiscal strategy, and the Beckham Law. For CFOs of multinational companies, payroll is more than just salary processing—it’s about ensuring regulatory compliance, operational efficiency, and seamless technology integration. This article walks you through key challenges in managing international payroll, available tax benefits, […]

David Búa Monjil June 23, 2025
International Tax

Financial Reporting and Consolidation for International Groups in Spain: The Complete Guide

Financial Reporting and Consolidation in Spain is more than a compliance task for multinational companies — it’s a strategic pillar for group control, transparency, and growth. From IFRS or US GAAP application to real-time reporting for headquarters, it requires deep local expertise and seamless ERP integration. This guide provides CFOs and controllers with actionable steps […]

David Búa Monjil June 11, 2025
Financial Management

How to Prepare for a Financial Audit in Spain: A Guide for International Subsidiaries

When and Why Should a Subsidiary Undergo a Financial Audit in Spain? Financial audits in Spain are not only a legal obligation — they’re also a key practice for ensuring transparency, control, and trust within international corporate groups. For many foreign subsidiaries, audits are an annual process, whether due to regulatory requirements or group-level mandates. […]

David Búa Monjil May 20, 2025