Spain

On 30 October 2026, the Spanish Ministry of Finance (Ministerio de Hacienda) published the latest inventory of the local public sector as of 30 September 2026 through the Office of Financial Coordination with Local Entities (OVEELL). This release fulfills the statutory obligation under Article 142 of the General Budgetary Stability Law (Ley Orgánica 2/2012) to

As of 30 October 2026, the Spanish Tax Inspectorate (Gestha) has publicly warned that the algorithms and filters used by the Spanish Tax Agency (AEAT) to select self-employed individuals for tax audits contain significant errors. These flaws risk targeting compliant taxpayers while missing actual non-compliance, undermining the efficiency and fairness of the inspection process. The

Effective 29 October 2026, the Spanish Tax Agency (AEAT) has announced it will send notification letters to self-employed taxpayers when discrepancies are detected between the invoice data transmitted via the Verifactu system and the electronic invoices actually issued. This measure aims to enforce the integrity of the new real-time invoicing reporting regime. Experts warn that

On 29 October 2026, the Association of State Tax Inspectors (IHE) delivered a scathing assessment of Spain’s tax administration during their annual congress in Toledo. President Ana de la Herrán declared that inspectors are “alone in the defense” of the tax system, citing chronic understaffing, outdated technology, and political interference as primary drivers of declining

On 28 October 2026, the Spanish Tax Agency (Agencia Tributaria) and the National Police announced the dismantling of a sophisticated money-laundering network operated by a cybercrime organization. The joint operation uncovered a scheme where proceeds from online scams were channelled into the purchase of high-value assets, specifically wine inventories and industrial machinery, to obscure the

As of 28 October 2026, the Spanish Tax Agency reminds self-employed individuals and SMEs that the deadline to apply for a tax current account (cuenta corriente tributaria) is 2 November 2026. This mechanism allows taxpayers to offset outstanding tax debts against refunds due from the Treasury during 2027, improving cash flow management. The application must

On 28 October 2026, the Spanish Tax Agency (AEAT) announced the successful dismantling of a sophisticated money laundering network operated by a cybercrime organization. The operation, conducted by the AEAT’s Customs and Special Taxes Department in coordination with law enforcement, uncovered a scheme where proceeds from online fraud and scams were funneled into legitimate asset

On 28 October 2026, the Canadian Department of Finance unveiled the “Strategic Investment Mega Deduction,” a temporary 150% accelerated capital cost allowance (CCA) for qualifying clean technology, advanced manufacturing, and critical mineral projects initiated before 2030. Announced by Finance Minister Chrystia Freeland as a direct response to the US Inflation Reduction Act (IRA) Section 45X

The Ministry of Finance announced on 27 October 2026 the application of the retention mechanism provided in Article 36 of Law 2/2011 on Sustainable Economy against municipalities that failed to submit the communication of the liquidation of their 2025 budget within the regulatory deadline (30 September 2026). The retention consists of withholding 100% of the

On 27 October 2026, the Spanish Tax Agency (Agencia Tributaria) updated the taxpayer calendar to detail all tax returns and self-assessments with filing deadlines falling in November 2026. This annual calendar is a critical compliance tool for resident and non-resident taxpayers, corporate entities, and tax professionals managing Spanish tax obligations. The November period typically includes