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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

Setting Up in Spain

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

International Tax

Tax Compliance for Multinational Corporations in Spain

What Does Tax Compliance Mean for a Multinational in Spain? Tax compliance for a multinational corporation in Spain is not just a legal requirement — it’s a critical component for operating safely, efficiently, and in alignment with group-wide objectives. From VAT registration to proper transfer pricing and use of the tax consolidation regime, every decision […]

David Búa Monjil May 14, 2025

International Tax

How to Manage VAT Compliance for Multinational Companies in Spain: 2025 Updates

Introduction Value Added Tax (VAT) is one of the main indirect taxes in Spain, and its proper management is essential for any international company operating in the country. For multinationals, VAT compliance involves not only submitting returns correctly, but also adapting to constant regulatory changes and coordinating with the group’s tax teams. This article complements […]

David Búa Monjil April 24, 2025

Setting Up in Spain

The Ultimate Guide to Establishing and Operating a Subsidiary in Spain for International Companies

1. Introduction Spain has established itself as an attractive destination for international companies looking to expand their presence in Europe. Its strategic location, solid economic environment and tax advantages make the country a key gateway to the European market. However, opening and managing a subsidiary in Spain goes far beyond a simple administrative procedure: it […]

David Búa Monjil April 15, 2025

International Tax

What Are the Requirements for Forming a Tax Group in Spain?

For multinational companies operating in Spain, tax efficiency is a key factor in financial strategy. One way to optimize taxation is by forming a tax group, a system that allows companies within the same corporate structure to consolidate their tax obligations under a single entity. But what does it take to form a tax group […]

David Búa Monjil March 7, 2025