The risk of using the promissory note as a form of advance payment in SpainThe promissory note is a document of promise to pay a determined amount of money on a given day which is very common in Spain. It is a written document issued by the debtor — an individual, a company, the State — and it may be payable to the bearer or endorsable, that is to say, it may be transferred to a third party.Read more
Prohibition regarding successive temporary employment contracts in SpainThe prohibition on successive temporary contracts was established once again stating that if a worker completes two or more temporary contracts which amount to more than 24 months out of a total period of 30, this worker becomes indefinite.Read more
Changes to the Part-Time Employment Contract in SpainThe Royal Decree law 16/2013 has implented measures on ensuring that part-time work contracts favour stable hiring and that it improves the employability of workers in Spain. This means that long term part time contracts have the opportunity to be reviewed and entered into a more permanent contract, making the hiring process much more effective.Read more
The Economic Significance of the EU Data Protection ReformThe objectives of the data protection reform is to provide a higher level of control over collected data and unify data protection rules across the European Union. In the practice these measures will cut costs for Spanish companies who are operating in other member countries and thus make them more competitive on the global market.Read more
Conversion of Temporary Contracts into Fixed Contracts in SpainTemporary contracts will becomes permanent when, in a period of 30 months, the worker has been contracted for more than 24 months in the same company with two or more temporary contracts. In addition, time is also counted for the worker’s having provided services for the same group of companies even if they are different.Read more
The Use of the Electronic Cigarette in SpainThe use of the electronic cigarette in Spain is being partially regulated in accordance with the Law 28/2005 in order to comply with health and safety regulations. Although the use of electronic cigarettes is not limited to all of the same restrictions as smoking (e.g. indoors: public administration buildings), it does restrict their sale to minors and it also regulates advertisements for electronic cigarettes which may no be broadcast during the hours of children´s television for example.Read more
Deductions Relating to Income Tax with the New Tax Reform in SpainThe new tax reform in Spain lowers the income tax by about 12.5% and provides a deduction for taxpayers with large families, elderly family members, or disabled dependents. This means that these taxpayers will be able to deduct about 1,200 Euros per year, an amount which, depending on the case, may increase.Read more
The Role of the General Meeting of Shareholders in SpainThe role of the general meeting of shareholders in Spain differs according to whether it is a listed company or not. Therefore, there are different characterists depending on what type of company it is.Read more
Requirements and Length of the Work Experience Contract in SpainThe purpose of the work experience contract is for contracted workers to acquire practical training. For this reason, the tasks to develop must always be bound to the theoretical training they have received.Read more