Coronavirus - Government measures in key jurisdictions - Flipbook - Page 76
Spain
7
Tax
•
Suspension of certain tax terms
– Terms and deadlines for all the procedures in progress against the AEAT have been
suspended during the state of emergency. The authorities are allowed, however, to
carry on with ordinary conduct of tax procedures, to order and carry out any steps
they consider absolutely necessary and to serve notifications, demands, requests for
information or grant terms for audit of files and comments. In this case, the terms for
fulfilment of these steps by the taxpayer have been extended until April 30 or May 20,
2020, depending on the case concerned.
Has any new
legislation been
introduced in light
of COVID-19?
– Deadlines for filing tax returns and paying regular taxes (such as withholding taxes,
prepayments, VAT, etc.) have not been extended, unless the deferral explained above
is applicable.
– More information can be found here.
8
Company
law matters
•
Exemption in relation to transfer and stamp tax for mortgage transactions.
•
VAT and custom duties exemption: For imports of any goods necessary for medical
treatment of individuals affected by COVID-19 and for avoiding the spread of viruses.
•
Suspension of assessment of VAT and of excise taxes on electricity and on hydrocarbons
on the bills for electricity, natural gas and oil products: Exemption from any obligation to
assess and pay VAT and, where relevant, the excise tax on electricity and the excise tax on
hydrocarbons relating to bills with suspended payment, until the customer has paid them
in full, or 6 months has run from the end of the state of emergency.
•
For more information, please visit: COVID-19: Key new legislation introduced in Royal
Decree-Law 11/2020, Companies facing the COVID-19 crisis, and Spain interactive map for
COVID-19
•
Meetings of managing bodies: The measures adopted as a consequence of the
COVID-19 seeks to make easier the meetings of managing bodies to be held by using
distance communication mechanisms (i.e. video calls), or directly in writing and without
a meeting.
Have any measures
been put in place •
to accommodate
social distancing
(such as remote
general meetings)?
•
76
Annual shareholders’ meeting: It has been postponed the terms for calling and holding
the ordinary annual shareholders’ meeting (i.e. approval of annual accounts). Regarding
the attendance to the shareholders meeting, in the case of non-listed companies, the
provisions on remote attendance are not so clear. In the case of listed companies, the
management body may call the general meeting for attendance by electronic means
and remote voting under the terms of art. 182, 189 and 521 of the Spanish Companies
Act, as well as the holding of the meeting anywhere in Spain, even though these matters
are not provided for in the bylaws.
For more information please visit: Royal Decree-Law 8/2020 of March 17, 2020 launches
urgent and extraordinary measures to confront the economic and social impact of
COVID-19, and COVID-19: Key new legislation introduced in Royal Decree-Law 11/2020
Government measures in key jurisdictions
1