Newsletter 210 BNFIX PICH
People, principles, services
February 2026
Dear all,
In keeping with our monthly appointment, we are pleased to share with you the February newsletter. We begin with a conversation with Patrick de Cambourg, President of EFRAG, on the Omnibus Directive on sustainability. We also address the changes to the Generalitat’s right of first refusal in the transfer of certain properties in Catalonia, the end of the accounting moratorium and, in a one-minute video, a reflection on the legal debate surrounding the constitutionality of the Wealth Tax (IP).
We also highlight Form 347, whose filing deadline expires on 2 March, and we would like to remind you of the importance of reviewing transactions with third parties in a timely manner.
In the final section, we review some of the activities and training sessions in which we have participated.
Joaquim Coma · jcoma@pich.bnfix.com
Partner, Head of Tax Department
BNFIX PICH TAX LEGAL
Highlights
▶ Video
Omnibus Directive: Less Bureaucracy and a New Opportunity for Companies
Video interview: Patrick de Cambourg, President of EFRAG
In an increasingly demanding business environment, sustainability has become a key factor for competing, accessing financing, and maintaining strong relationships with clients and suppliers. In this conversation with Patrick de Cambourg, one of the most influential voices in the development of European standards, we explore how companies can prepare in a simple and practical way to address these changes.
His message is clear: having reliable sustainability information is not only a future obligation, but also a strategic tool that reduces administrative burdens, provides clarity, and strengthens a company’s value in the medium and long term. This video offers direct and practical guidance for any business leader who wants to understand what steps to take and how to simplify this process.
/ Large Property Owners: Changes to the Generalitat’s Right of First Refusal
Changes have been introduced to the regulation of the right of first refusal and redemption in favor of the Generalitat in certain housing transfers, particularly in designated stressed areas. These amendments affect both the objective scope of application of the right and introduce significant new exceptions.
▶️ Short Video: What Would Be the Consequences of a Constitutional Court Ruling Against the Wealth Tax?
The Wealth Tax could be declared unconstitutional in the coming weeks. How might such a ruling affect taxpayers, and why do we recommend that those who filed a 2021 return submit a claim before the Constitutional Court issues its decision?
/ Farewell to the COVID-19 Accounting Moratorium
In January, the Congress of Deputies repealed the rule that had once again extended the “accounting moratorium,” under which certain losses were excluded from the calculation when assessing the grounds for dissolution provided for in the Spanish Companies Act.
