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The effective end of the accounting moratorium
The accounting moratorium was introduced as one of several measures aimed at mitigating the consequences of the COVID-19 pandemic. This measure, which was extended several times, allowed company directors to disregard losses from the 2020 and 2021 financial years [...]
CNAE-2025: New classification of economic activities and business obligations
On January 16, 2025, Royal Decree 10/2025 took effect, introducing the new National Classification of Economic Activities (CNAE-2025). This update replaces CNAE-2009 and reflects recent economic and technological changes, including globalization, digital transformation, and sustainability. CNAE-2025 aligns activity classifications [...]
2025: The Year of the “Solidarity Contribution”
As of 2025, the so-called "Solidarity Contribution" is now in effect—a new tax designed to strengthen the pension system. As we explained in our September 2024 post, “Solidarity Contribution: What it is and who it affects”, this measure applies [...]


