Industrial production falls by 0.4% in the euro area in September
In Spain, industrial production in September increased by 0.6 compared to August and fell by 3% in the annual comparative period. Within the eurozone, the biggest monthly increase in production was in non-durable consumer goods (2.1%), followed by capital goods (0.6%) and semi-durable goods (0.5%), while the production of durable consumer goods fell by 5.3%
Law 7/2020 of 13 November for the digital transformation of the financial system comes into force
The purpose of this law is to regulate a controlled testing environment that allows the implementation of technological innovation projects in the financial system
Extension Royal Decree 8/2020
The Executive seeks to sanction a new royal decree that will extend for another six months the guarantees provided by the ICO for loans to companies. The deadline for requesting loans with ICO endorsement of the last line for 40,000 million euros will be extended from December 31 to June 30 of 2021.
Economists criticize rent control and say it shifts public responsibility to landlords
On the Government control of rental prices, economists believe that “it has been demonstrated that it leads to owners withdrawing from offering their homes, thus reducing the market and investment and increasing the underground economy. For the economists, the more public and private supply of housing for rent, the more advantageous the price will be […]
Preliminary draft law amending Law 10/2010 of 28 April on the prevention of money laundering and the financing of terrorism.
The Preliminary Draft Law transposes the EU Directive 2018/843 on the prevention of money laundering and terrorist financing (V Directive) and modifies Law 10/2010. The main novelties derived from the V Directive are the following: (i) inclusion of new obligated subjects; (ii) creation of a single registry system that will include the information of the […]
During the month of October, insolvency proceedings increased
According to the statistics of the Association of Registrars, compared to September 2020, during the month of October the voluntary bankruptcies of registered creditors increased by 28.2% and the necessary bankruptcies registered grew by 69.9%
Spain extends its network of agreements to avoid double taxation and prevent tax fraud
Recently the agreements signed between Spain and Romania (December 3), Cape Verde (December 2) and Azerbaijan (November 6) have been published in the BOE
The Christmas basket, a worker’s right, which is taxed
In order to establish the Christmas basket as a right for the employee, some experts remind us that a number of requirements must be met. For example, STC 2626/2014 established a minimum of 40 years’ seniority for this type of practice to be considered a worker’s right. If the company has not given away Christmas […]
Google will allocate 800 million in aid for SMEs and self-employed
Google will make available to companies a fund of up to 800 million in direct aid in annual marketing plans for companies affected by Covid-19. The aid will be for digital marketing budgets, for non-profit organisations and for Google Ads The grants also include their new project The Update, a new series of videos and […]