Catalonia is the first Spanish autonomous community to introduce a special tax on luxury goods. The anti-fraud measurement is introduced retroactively. 0.2 to 2.75% tax on luxury possessions All these assets are considered ‘non-productive assets’ and the owners must pay a tax of between 0.2 and 2.75 per cent....
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The Spanish Tax Agency (AEAT) has published a report, warning against the risks of Asset Management Companies. Improper use can lead to additional income tax, corporation tax, VAT and wealth tax. The warning comes after several politicians were recently discredited because of the way they use Asset Management Ltd’s....
Do you want everything to go well? Start now and submit your data before 6 May – Download our free English brochure Tax Returns Spain: click here for ‘what to do, what to declare and what does it cost me?’ English, for free, complete and easy to read. –...
Spain goes USA Spain wants to facilitate Start-Ups for more innovation, more high-quality employment and better connection with the developments in the society. In order to align new legislation with the needs of the sector, exploratory meetings are held with representatives of business associations, digital economy, corporate investors...
Spain has national rates for income tax, wealth tax and inheritance and donation tax, but the ‘autonomous communities’ – Spain has 17 – can use different scales and rates. Important in tax planning Spain If an autonomous community does not consider this necessary, the national rates apply. For people...
Service document for our clients and advisors. Brochure Tax Rates Spain 2018 Download free and without any obligation our brochure Tax Rates 2018, with the current tax rates for companies, individuals and real estate: Free download Tax rates Spain 2018, click here The document concerns a pdf file of...
Spain puts “retroactively” a line through tax deductions that are linked to sponsoring events that are qualified as “special interest”. This includes the most important events that Spain knows, including many dozens of others, Madrid Horse Week, Barcelona World Race, 200 years of del Teatro Real and La Liga...
Posted at March 22, 2018, in Tax returns Spain, Foreign assets, Emigrating to Spain, Erven and Donate, Inspections, Individuals, Pension, Sports & Entertainment, Real Estate, Working, Home Spain is at the forefront of automatic international exchange of tax data. In 2014 we already published about initiatives for automatic data...
Madrid continues to implement tax cuts Reduction in inheritance tax Madrid Madrid plans to reduce the inheritance tax between siblings, as well as between uncles/aunts and nephews/nieces. Reductions of 15% and 10% will apply on the calculated inheritance tax. A reduction of 99% already applies for the tax on...