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...
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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 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 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...
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....
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. –...