News updates

Regional

• Law 11/2026: fiscal, financial, administrative and public sector measures relating to the 2026 budget of the Government of Catalonia. [+Info]

National

• ICAC Resolution of 16th of July 2026, for public information on the Technical Auditing Standard NIA-ES 570 (Revised in 2024). Going concern, as well as the consequential amendments arising from this standard that affect other NIA-ES standards. [+Info]
• AEDAF (Spanish Association of Tax Advisers): Amendments to the Draft Organic Law on the proper use and governance of artificial intelligence. [+Info]
• Resolutions on the organisation and allocation of functions in the areas of Customs and Excise, and Financial and Tax Inspection. [+Info]

International

• The IFRS Foundation publishes supporting materials for the application of IFRS 2025 (International Financial Reporting Standards) to SMEs. [+Info]
• EFRAG (European Financial Reporting Advisory Group) updates its adoption status report following the ARC’s vote in favour of the amendments to IAS 21. [+Info]
• Transition Implementation Group, July 2026, IFRS S1 and IFRS S2. [+Info]
• EFRAG update: June’s edition now available. [+Info]
• June’s update from the ISSB (International Sustainability Standards Board) and the podcast on nature-related disclosures are now available. [+Info]
• The IASB (International Accounting Standards Board) proposes updates to the IFRS 2025 Accounting Taxonomy. [+Info]

CNMV Announcements

• The CNMV’s (National Securities Market Commission) Report on Complaints and Enquiries confirms the effectiveness of the out-of-court resolution of investor complaints. [+Info]
• The CNMV has launched a public consultation on a draft circular aimed at simplifying the regulations governing fund managers and investment services firms. [+Info]
• The National Securities Market Commission has warned of an increased risk of financial fraud during the holidays and urges the public to exercise extreme caution when dealing with ‘beach bars’. [+Info]

Tax Authority Advisory Note

• Sub-Directorate-General for Consumption Taxes

The enquirer is an entity established in the Balearic Islands which operates a passenger transport business and intends to provide passenger transfer services between airports and hotels located in the Canary Islands and the Balearic Islands, directly to two companies established in the United Kingdom and Germany respectively. As it does not have its own vehicles or resources to carry out such transport, it subcontracts the provision of the service to companies authorised to transport passengers. In this context, it asks whether the services described are subject to Value Added Tax and, if so, what the applicable tax rate would be.

Binding ruling from the Directorate-General for Taxation No. V0410-25. [+Info]

Barcelona, 27th of July 2026.