Spanish government has presented a de-escalation plan for the country’s lockdown for (at least) the next 8 weeks, consisting of 4 phases. The keywords of economic measures are shown in bold. Phase 0: Prior This is the stage the country is currently in. During this phase, some light relief measures will be taken:...
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45 minutes. That is the time the Spanish tax office Hacienda needs to detect tax fraud in the case of big fortunes thanks to the use of big data. From now on it will be a lot harder for Spanish business people, bankers, politicians, athletes and artists to stay...
The Spanish tax authorities will pay extra attention this year to tax returns inspections in the case of large assets, financial technologies, online sales and crypto currency, according to the Tax Inspection Plan 2019. Spanish tax authorities focus on assets, fintech, e-commerce and cryptocurrencies The definitive implementation...
The Spanish tax authorities want to reward tax advisers who inform about violations and tax evasion with preferential treatment. For this purpose the tax authorities have presented a Code of Best Tax Practices to associations for tax advisers. The endorsement of the code is voluntary. Tax authorities are...
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....
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...
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...