What is the special tax on real estate of non-resident companies?Non-resident companies that own real estate in Spain are subject to the non-resident income tax by means of a special tax payable on 31 December of each year and which must be paid in January of the following year.Read more
Who is obligated to withhold and pay tax to the Spanish Treasury?In Spain, subjects obliged to withhold and pay tax to the Spanish Treasury are paymasters. The issuer of an invoice is not required to inform paymasters whether or not they are subject to the withholding tax or the percentage to be withheld. The person responsible to the Spanish Treasury is the one who receives the invoice, not the one who issued it.Read more
New Electronic System for Registering VAT Books in SpainFrom 1 January 2017, large companies and professionals registered in the VAT Refund Special Regime will be required to use the new system for registering VAT books through the electronic office of the Spanish Tax Administration Agency.Read more
Tax evasion and the sanctions regime for foundations in SpainIn order to fight tax evasion only foundations respecting legal requirements will be entitled to receive subsidies and fiscal advantages in Spain.Read more
Simplification of the granting of the golden visa in SpainIn September 2014, the Spanish government adopted a law to support entrepreneurs; fifteen months later, it is considering adopting seven new measures that will simplify the administrative steps for granting this golden visa or residential permit in Spain. Read more
The tax treatment in Spain on partners’ remunerationOne of the most important novelties introduced by the reform of the Law on Income Tax in Spain concerns the VAT taxation of a company’s partners engaged in professional activity.Read more
Changes in the draft on the fiscal reform in SpainThe new fiscal reform in Spain, which will gradually be implemented in 2015 and 2016, will benefit rents bellow 50.000€ and individuals with family responsibilities. Severance pay shall be taxed, the exclusion of the dividends is abolished and the deductible quality of pension plans is reduced.Read more
Inheritance tax Returns to non-residents in Spain due to discriminationIn its judgment on 3 September 2014, the European Court of Justice (ECJ) declared that Spain had infringed Community law by permitting differences in its tax treatment of the inheritance and gift tax between residents and non-residents in Spain and requires the return of wrongfully collected revenue.Read more
Incentives and tax bonuses for SME in SpainThe new fiscal measures that benefit small sized entreprises or SMEs in Spain reduce the Corporate tax to as low as 20,25%.Read more
Effects of the next fiscal Reform in SpainThe Preliminary Law on Fiscal Reform in Spain is creating a much more effective business competition aimed at both self-employed workers and businesses. The Reform proposes changes to tax on companies (TC), tax on the income of individuals (TII), tax agency, and VAT regarding e-commerce.Read more