Valencia Plaza has published an article by our managing partner, Antonio Ballester, where he has given his opinion on the new tax reform that Treasury seeks to implement. This reform consists of increasing essential taxes, especially that of alcohol and tobacco, as well as a review of the system of modules by which some self-employed people pay and rethinking some deductions from the Corporation Tax.
The objective is to cut, as far as possible, the fiscal gap of seven points of GDP that separates Spain from the average of the countries of the European Union. Another objective of this tax reform that the Government wants to approve in 2021 is to harmonize the taxes processed by the autonomous communities, such as inheritance, donations and heritage.
For further information click here and you can read the full article by Antonio Ballester.