Conference on the reform of insolvency regulation in Spain and GermanyThe conference on the reform of insolvency regulation in Spain and Germany was held on November 25th 2014 at the German Chamber of Commerce for Spain in Madrid. The conference explored topics of pre-bankruptcy institutions, insolvency of company groups and the fiscal regime of crossborder insolvency.Read more
The Inheritance and Donation Tax in Catalonia, SpainThe inheritance and donation tax in Catalonia has modified many of the quantitative elements of the tax in order to make it more effective e.g. an escalation for bonuses are introduced. However, its application of bonuses implies a substantial reduction of other bonuses provided in the tax. Nonethless, this new scenario highlights the necessity to review alternatives for better and efficient taxation.Read more
Practical Aspects of the Purchase of Property in SpainThese simple steps will permit the secure purchase of a property in Spain: verify the ownership of the property, sign a contract with a reserve, protect your purchase by public writing and pay the correspondent taxes depending on whether you’re buying a new property or are acquiring a second-hand one.Read more
Impact of European Data Protection Reform on small and medium sized enterprises in SpainThe data protection reform will reduce costs related to data collection for SMEs. The benefits will allow Small and Medium Sized enterprises in Spain to strengthen their role on the global market thus helping them to expand their business abroad.Read more
Main Innovations of the Inheritance Tax in Catalonia, SpainThere are four different groups for the innovation of percentages of reduction for kinship in acquisitions made as a result of death. It also offers different percentages of reduction for tax liability and the reduction for the acquisitions of goods and rights.Read more
Types of Wills in Spain: Common or SpecialA will is a legal act in which the deceased or testator disposes of his or her property, rights, and obligations. According to the State, the modalities of wills may vary. In Spain, the Spanish Civil Code regulates wills, which creates differences between the common and special wills.Read more
Penalty System of the Spanish Law on Protection of Personal InformationFollowing the reform of the penalty system of the LOPD, where authority reverts back to the Spanish Agency on the Protection of Information, both those individuals responsible for the files (organizations that treat personal information directly) and those in charge of the treatment of this information (organizations that handle Personal Information under commission) will be subject to the penalty regime of the LOPD.Read more
Permanent Contract Resulting from the Successive Fixed-Term 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
Disadvantages of Partnerships in SpainThe most important disadvantage of partnerships in Spain is the unlimited liability of partners for the debts of the partnership. Furthermore, taxation for partnerships is considerably higher. Therefore business owners usually transform the partnership into another type of company.Read more
Advantages of Partnerships in SpainBefore establishing your business in Spain it is advisable to consider which kind of company might best suit your interests and may be your best option. Spain offers different types of business entities to start a business: limited liability company, public limited company, partnership, new enterprise limited company, etc. each one has different set of legal and fiscal responsibilities.Read more
