On 20 January, 2021, part of Law 18/2020 of 28 December to facilitate economic activity, enters into force, following publication in the Official Gazette of the Government of Catalonia on 31 December. The main aim of this law is to facilitate economic activity in an all-digital environment, allowing for a more agile, efficient relationship between the administration and companies, supposedly with fewer administrative burdens for companies, and a more simplified administrative intervention framework.
On 1 January 2021, the UK left the EU VAT regime. Although the UK has retained a VAT system, it now operates on the basis that it is a third country (with the exception of goods supplied to and from Northern Ireland ("NI"), which continue to be treated as intra-EU trade for VAT purposes).The UK Government's agreement of the Trade and Co-operation Agreement with the EU does not change the VAT position. The TCA contains minimal provisions relating to VAT and with the exception of NI trade in goods, the UK is in most respects expected to be treated as any other third country for VAT purposes.
The Agreement for the United Kingdom to Withdraw from the European Union established a transitional period from the time the agreement entered into force until 31 December 2020, during which time European Union (EU) law continued to be applicable. Upon the termination of the transitional period, the United Kingdom is no longer treated as an EU member state and it is therefore considered a third-party country.In this regard, by passing Royal Decree-Law 38/2020 (RDL 38/2020) of 29 December, Spain's government has established measures to adapt the Spanish legal system to some of the consequences of the United Kingdom's withdrawal from the EU and to provide clarity. This alert addresses the measures that are related to labor and immigration matters.
Royal Decree-Law 36/2020 of 30 December 2020, establishing urgent measures to modernize the public administration and implement the government's recovery, transformation and resilience plan ("RDL of Modernization") was published on the last day of 2020 and entered into force on 1 January 2021.
Last October the Spanish association of pharmaceutical companies “Farmaindustria” approved its new Code of Good Practice for the Pharmaceutical Industry, which replaces and repeals the previous edition of October 2016. The new Code will come into force as of 1 January, 2021. The new Code of Good Practice introduces a number of important new features. As for the text of the Code, the following changes are noteworthy:
On 26 November 2020, the Spanish Official State Bulletin published the Royal Decree 957/2020, of 3 November, regulating observational studies with medicinal products for human use, which will come into effect on 2 January 2021. This royal decree intends to ease the administrative procedures applicable to observational studies in light of recently adopted instruments at EU level (with the European Medicines Agency-approved guidance on post-authorization efficacy studies) and Spanish level (with the enactment of Royal Decree 1090/2015 on clinical trials with medicinal products, which introduced the legal concept of observational study). Observational studies are an essential tool to gather personal health data on conditions for use, safety and effectiveness of medicinal products, and to ultimately enhance clinical practice in the interest of patients.
Spain has published the Law transposing Directive DAC 6, which will come into force on 31 December. However, in line with EU legislation, it provides for a transitional regime for arrangements for which the first stage of implementation took place between 25 June 2018 and 30 June 2020. In addition, it also applies to cross-border arrangements that have been subject to the obligation (not just to implementation) from 1 July 2020.Implementing legislation is yet to be published, but it is expected soon, when a number of administrative reports on these rules are finalized.
The pandemic has impacted our lives in many ways, but for many of us, one of the most affected areas has certainly been work.COVID-19...
The recent publication of Circular 2/2020, of the National Securities Market Commission (“CNMV”) on the advertising of investment products and services (“Circular 2/2020”) on November 13, 2020 includes new rules in terms of advertising of investment products, adding clarifications that go beyond the MiFID package. These new rules affect not only Spanish entities but also foreign financial institutions providing services in Spain under freedom to provide services or right of establishment, including branches and agents.
In brief The Spanish government has presented two bills to Congress, under which it will introduce rises in a wide range of taxes. These are...