Prosecutor

- -

This week we have participated in the event of the Chamber of Commerce of Seville on the existing tax benefits for investment in cultural projects with the participation of PKF Attest.

The session was attended by Green Cow Music, CREA SGR and Emociona Media, who shared their experiences in this field, and by our firm's experts Concha del Campo, Paco de Haro and Juan Rafael Ramírez.

- -

Our firm creates the PKF Attest Entertainment division to reinforce its commitment to offer services for companies in the sports and entertainment sector in legal, tax, auditing and technology matters, among others. The new company centralizes the advice in this sector and with it we want to make a qualitative and quantitative leap in the treatment of tax incentives related to these areas.

The new division has the legal and tax partner of the firm in Seville, Juan Rafael Ramirez, who already provided this type of advice, and is reinforced with the incorporation of Francisco de Haro and Concepción del Campo. Francisco de Haro has more than 30 years of experience in legal and tax advice, especially in the entertainment sector, in firms such as EY and Ontier. Concepción del Campo, on the other hand, also has more than 20 years of experience in tax advice to companies in the field of structuring and application of tax incentives in the cultural sector and R&D projects.

PKF Attest Entertainment offers comprehensive advice to companies and individuals, especially in the entertainment sector. It provides specialized treatment of all the procedures and requirements necessary for its clients to benefit from the tax advantages of investing in audiovisual productions, performing arts and R&D, in their Corporate and Personal Income Tax returns.

- -

It is often said that the person who sits next to the President of the Government is the one who sets the political profile of the executive. Maria Jesús Montero, until now Minister of Finance, has been elected today as First Vice-President of the Government and this will surely be reflected in a greater specific weight of this portfolio. Nadia Calviño, who occupied that chair until now and who is 'responsible' for this change of chairs, marked during her mandate a clear economic profile in the previous four years, always with an eye on Europe, where she will end up chairing the EIB.

Now, Montero's appointment as first vice-president marks a clear focus on tax collection. The government already announced a few months ago that, despite recent increases, the tax burden will continue to rise in 2024. In its budget plan for next year, which the government sent to the European Commission last October, it included an increase in the tax burden of around 7.3 billion euros, as well as an increase in revenue of around 4 billion for the Social Security. And all this without the new governing body having been constituted.

A week ago we learned how the European Union will require Spain next year to cut 13,500 million in debt and 7,000 million in deficit. Tougher adjustments have been established for those countries with a public debt above 90% of GDP, and therefore, they will have to reduce it by at least one point annually. With this starting point, Spain will face the reactivation of the European fiscal rules, which have been suspended for almost 4 years, which gave free rein to the member countries to recover from the pandemic and the war in Ukraine. Seven days ago, these parameters were reformed.

In short, the first vice-presidency assigned to the Ministry of Finance makes it clear that the reduction of public debt and tax collection will be the main protagonists of the next legislature, leaving other aspects of the economy to take a back seat.

Santiago Gonzalez, Tax Partner of PKF Attest

Source: Expansion

- -

Jon Murguiondo, from the legal and tax area of our firm, talks about the importance of a complete legal and tax advice in these operations.

In the middle of the soccer summer, it is time for the transfer market in which soccer teams begin the dance of transfers between players, this year with the main novelty of a change in the regulations for the agents of these players, a key figure in any transfer that is self-respecting.

The new Regulations for FIFA Agents represent a comprehensive reform of the transfer system and introduce important changes, which requires the agents themselves to undergo continuous training on the subject.

Jon Murguiondo, tax advisor of our firm, with more than 10 years of experience in the legal and tax sector and currently specialized in sports law and asset management of professional athletes, participates as an advisor in a new guide for FIFA agents with a chapter dedicated to asset management.

Jon, with extensive experience and participation in both national and international transfers, among his main tasks is to be in charge of the day-to-day management of the assets of the athletes, professionals and / or agents, performing an in-depth analysis such as business proposals or investments of any kind, always focused on the viability of the current and future economic-financial situation of the elite athlete.

- -

The Expert Guide to become a FIFA Agent IS a didactic and understandable book, aimed at sports agents and anyone who wants to be trained and learn about the particularities of the new regulations for players' agents.

This is a disruptive, innovative project that aims to strengthen ties between young lawyers dedicated to Sports Law, as lawyers under thirty-five years of age from different countries will participate.

Jon Murguiondo Oriñuela, tax advisor of our firm, with more than 10 years of experience in the legal and tax sector and currently specialized in sports law and asset management of professional athletes, will participate in this new guide for FIFA agents with a chapter dedicated to asset management.

Jon, with extensive experience and participation in both national and international transfers, among his main tasks is to be in charge of the day-to-day management of the assets of the athletes, professionals and / or agents, performing an in-depth analysis such as business proposals or investments of any kind, always focused on the viability of the current and future economic-financial situation of the elite athlete.

If you want advice on sports law, please visit our website.