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Articles on international taxation, expatriates and business advisory.

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
Financial Management

What is the difference between a Rolling Forecast and a traditional forecast?

In today’s dynamic business environment, financial planning is essential for the success of any organization. Two predominant approaches in this field are the traditional forecast and the Rolling Forecast. Understanding their differences, objectives, and applications is crucial to determining which one best suits the specific needs of a company. Both the traditional forecast and the […]

David Búa Monjil February 14, 2025
International Tax

What is Withholding Tax? Complete Guide for International Companies in Spain (2026)

If you manage an international business or are involved in cross-border transactions, chances are you’ve come across the term “withholding tax.” While it might seem confusing at first, it’s essential to understand, as it directly impacts the way international payments are managed. In this article, we explain what withholding tax is, how it works, and […]

David Búa Monjil January 21, 2025
International Tax

What is transfer pricing and how do you calculate it

In a progressively globalized business world, multinational companies face complex challenges when managing their operations and complying with tax regulations in different countries. One of the key concepts they must master is transfer pricing. But what exactly is this term, and how are transfer prices calculated? What is transfer pricing? Transfer pricing refers to the […]

David Búa Monjil December 17, 2024
Setting Up in Spain

How to obtain a Tax Identification Number for your business in Spain?

The Tax Identification Number (NIF) is an essential requirement for any company planning to operate legally in Spain. Without this number, you won’t be able to conduct business activities or meet the tax obligations set by the Spanish Tax Agency (Agencia Tributaria). In this article, we’ll explain what the NIF is, why you need it, […]

David Búa Monjil December 4, 2024