News updates

National

• Key customs aspects of the agreement between the European Union and the United Kingdom regarding Gibraltar. [+Info]

The agreement aims to remove customs duties and quantitative restrictions on the land transit of goods, whilst maintaining the formalities and controls necessary to protect the single market. This is achieved through the creation of a customs union that includes Gibraltar and the EU territory.

• AEDAF (Spanish Association of Tax Advisers) calls for a clearer, more coordinated and coherent tax framework for family businesses, in line with the economic and social environment. [+Info]
• ICAC publication. Call for comments from EFRAG (European Financial Reporting Advisory Group): Share your VSME (Voluntary Sustainability Standard for SMEs) sustainability report. [+Info]
• New technical note from the Accounting Principles and Standards Committee of AECA (Spanish Association of Accounting and Business Administration). [+Info]

International

• EFRAG (European Financial Reporting Advisory Group) has published its Statement of Comments on the post-implementation review of IFRS 16. Leases. [+Info]
• Explanatory webcast on the future IFRS 20 standard on regulatory assets and liabilities. [+Info]
• IASB (International Accounting Standards Board) podcast covering the main topics discussed at the meeting from February 2026. [+Info]
• The agenda and documentation for March’s 2026 meeting of the International Accounting Standards Board are now available. [+Info]

CNMV Announcements

• The CNMV (Spanish National Securities Market Commission) has authorised the deferral of the publication of trading volumes for Spanish sovereign debt in accordance with Article 11(3) of MiFIR (European Regulation on Markets in Financial Instruments). [+Info]

The CNMV has agreed to allow the omission of end-of-day trading volume in the publication of trades in Spanish sovereign debt bonds classified in category 1 (medium-sized trades in liquid bonds).

Query of interest from the Tax Agency

• Sub-Directorate General for Consumption Taxes

The enquirer is a company that owns a hotel establishment currently under construction and has entered into a purchase option agreement with a housing cooperative, whereby the latter may acquire the property without the transfer of licences, permits or other tangible or intangible assets. The property is encumbered by several mortgages and, should the option be exercised, part of the price will be used to settle those mortgages. In this context, the entity asks whether the reverse charge mechanism for VAT, as provided for in Article 84.1.2.e), third indent, of the law, would apply to this transfer.

Binding ruling of the Directorate-General for Taxation No. V0198-25. [+Info]

Barcelona, 23rd of March 2026.