Royal Decree 249/2023, which amends the Regulations for administrative review, the General Collection Regulations, the Regulations for the application of taxes, the Inheritance and Gift Tax Regulations, the Value Added Tax Regulations, the Personal Income Tax Regulations and the Corporate Income Tax Regulations.

We are only going to resume some of the new regulations, please ask us for additional information.

1. Modification of the Regulation on the application of taxes approved by Royal Decree 1065/2007, of July 27, 2007.

• Obligation to report securities, insurance and income.

• Obligation to report balances in virtual currencies (the first returns related to this reporting obligation must be filed as of January 1, 2024 with respect to the information corresponding to the immediately preceding year).

• Obligation to report transactions with virtual currencies (the first statement regarding the obligation to report these transactions with virtual currencies must be filed as of January 1, 2024 with respect to transactions carried out as of April 25, 2023).

• Obligation to report on virtual currencies located abroad (the first returns relating to this reporting obligation must be filed as of January 1, 2024 with respect to the information corresponding to the immediately preceding year).

• Obligation to report on securities, rights, insurance and income deposited, managed or obtained abroad.

2. Modification of the Inheritance and Gift Tax Regulations approved by Royal Decree 1629/1991, of November 8, 1991.

Real obligation to contribute

Domestic regulations are brought into line with Community law, so that residents of Member States of the European Union or of States that are part of the European Economic Area with regulations on mutual assistance in matters of exchange of tax information and collection do not need to appoint representatives in Spain before the Tax Administration in relation to their obligations for this Tax.