News
News and updates on regulation, taxation and corporate law in Spain. Up-to-date information from BMC.
8 publications
Extraordinary Levies: Continuing in 2026?
Spain's extraordinary levies on banks and energy companies: extended by Law 7/2024 for 2025, government plans to convert to permanent CIT surcharges for 2026. Filing via Form 795 (banks) or Form 797 (energy) in September 2026.
Minimum Wage 2026: Business Effects
Spain's minimum wage 2026 context: over 60% cumulative SMI increase since 2018, first year of 37.5-hour workweek in full operation, and AI Act high-risk system compliance costs combining to create a complex labour cost review.
Spain Budget 2026: Impact Analysis
Spain's 2026 budget situation: operating on the extended 2022 budget for the eighth consecutive year, implications for public procurement, fiscal certainty, and why companies should not delay year-end tax planning.
Golden Visa: Definitive Abolition Underway
Spain's Golden Visa definitively abolished by Organic Law 1/2025 from 3 April 2025: over 14,500 non-EU nationals and their families affected. Existing permits remain valid until expiry; alternatives for future residency.
Artificial Intelligence: EU Advances in Regulation
EU AI Act (Regulation 2024/1689) regulatory advances: risk classification system (prohibited, high-risk, limited, minimal), February 2025 prohibition enforcement, and August 2026 high-risk system obligations for Spanish companies.
Golden Visa Alternatives: Investing in Spain After Abolition
Investment and residency alternatives after Spain's Golden Visa abolition (Organic Law 1/2025, April 2025): non-lucrative visa (3 months processing), digital nomad visa (1 month), Beckham Law and non-real-estate investor routes.
Minimum Wage 2025: Increase and Costs
Spain's minimum wage (SMI) 2025: set at €1,184/month over 14 payments (4.4% increase over 2024, €16,576/year). Retroactive from 1 January 2025. Greatest impact on hospitality, retail and cleaning sectors.
New SME Definition: Updated Thresholds
EU SME definition updated by Regulation 2023/2775 for FY2024: micro (€900K), small (€7.5M), medium (€25M BS / €50M turnover). First threshold update in 20 years. Spanish audit exemption thresholds remain separate.
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