Capital gain on selling within a year now also taxed Spain has new regulations in the field of municipal capital gains tax in November 2021. Capital gain tax is now calculated according to two methods. Sellers can choose to pay tax on the cadastral value or on the difference...
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Spain has confirmed the expected decision on tax deferral. For companies with a turnover of up to 600,000 euros. Have you already presented your tax returns? No problem, the Spanish tax authorities will automatically collect taxes on May 20. New direct debit date: May 20 Companies and autónomos with a...
Purpose: to prevent liquidity problems Because of the COVID-19 crisis, on March 24 the Spanish government announced a series of extraordinary measures to help companies face the economic and social impact. Some of these measures are aimed at assuring the liquidity of Spanish companies and entrepreneurs. The idea is that...
On Tuesday 17/03/20, the Spanish Government announced the following emergency economic measures to help businesses and workers during this difficult period: Temporary lay-offs and short-time working (ERTE) Force majeure: companies that have to suspend employment contracts or reduce working hours during the state of emergency as a direct consequence...
First urgent measures only for SMEs In connection with the coronavirus emergency, the Spanish authorities have imposed the following tax and social security measures. Please note: more measures are expected to be added in the coming days and weeks. Deferral of SME taxes Tax payments for which tax returns...
Whoever owns art should always make sure to keep all the papers relating to value and ownership. At the time of sale, you want to make sure you don’t end up paying tax on the entire sale price. Normally, residents of Spain who sell art works pay taxes according...
Companies in Spain that sponsor sports talent can save up to 90% of the sponsor amount on their corporation tax! Interesting for both brand awareness and finances, but only suitable for companies with large budgets. We explain how it works and for those interested, we’ll introduce a talent. Imagine:...
If you are considering making a structural contribution to non-profit organizations, the Spanish tax system offers opportunities to do something for society. This applies to both large and smaller contributions. In the world of charity, everything is welcome, and many a little makes a mickle. Make the...
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 have again created a bonus of 95 million euros as part of the “Special Increase Inspection Plan” for 2019. – Target: 150 billion income tax and IVA The amount of money rewarded by the Spanish tax authorities is the same as in 2018, but in...