Election day on Sunday 20th November should produce a dramatic change in Government for Spain. But what will this mean?

There is a new proposal for a substantial change in VAT law that will allow small scale self employed businesses and companies to pay VAT on their real sales income.

The Spanish Government intends to approve a number of changes in legislation to strengthen the tax office’s armoury against the black economy and tax fraud.  They propose to modify the Penal Code so that substantial tax fraud may be penalised with up to 6 years (currently four years) in jail.