The Social Security Contributions of University Interns in SpainSince 2011, the Spanish Social Security System (System) has excluded university students. Thus, companies have not had to contribute to the System on behalf of their student interns. However, this …Read more
Introduction of the Law to Support Entrepreneurs in SpainThe Spanish Congress of Deputies (Government) approved the Law to Support Entrepreneurs and Internationalization on September 19, 2013, which became effective shortly after its publication in the BOE (Official Spanish …Read more
Viva EspañaIn the first few days of September, the investment company Morgan Stanley upgraded its growth outlook for Spain. The company recently launched its last report, Viva España, which outlines recommendations …Read more
Application of cash basis in the management of the VAT in SpainWith the new Law of Entrepreneurs, which will enter into force in 2014, the new cash basis for managing the VAT willreplace the old accrual basis. With the new system, the supplier does not need to enter the VAT until the customer is charged and the customer cannot deduct the VAT until they have paid the invoice.Read more
Housing Price Evolution in SpainAccording to a report from Euroval, a Spanish appraisal firm, Barcelona and San Sebastian registered a higher value of apartments during the first half of 2013. Huelva and Lleida registered lower prices. The biggest range in prices of apartments was in Madrid: between 62 and 198 thousand euros.Read more
Law 4/2013 against delinquency in business transactions in SpainRoyal Decree Law 4/2013 adopts measures against delinquency in business transactions in Spain. The article enumerates some of the modifications of the new Law.Read more
Application for Residence Visa by Acquiring PropertyThe article discusses the main steps in the process of acquiring property in Spain and how to apply for a residence visa based on the acquisition. The initial residence permit can be renewed for another set of 2 years by presenting the corresponding documents before the Large Companies Unit of the Spanish Ministry of Employment and Social Security.Read more
Spain publishes the new special VAT cash regime’s rulesThe new VAT cash regime allows business owners to pay the tax when it is effectively paid rather than when the bill is issued. This option is available to small and medium sized companies as well as self-employed persons with a total revenue of less than 2 million euros.Read more
Fees and taxes associated with the purchase of property in SpainWhen a foreign national wants to purchase property in Spain the foreign national must pay certain fees and taxes. First, there are the notary fees. The different taxes apply depending on whether the sale is of a new home or a resale property. Lastly, a tax on the Registry of the property is also applicable.Read more
Entrepreneur’s Law: General requirements to reside in SpainThe article discusses the general requirements for a foreign national to receive a residence permit in Spain. There are a couple of positive and negative prerequisites that must be met which are listed in detail in the article.Read more
