Company Tax Articles

Spanish Tax Treaties Changes - a taxing trend for foreigners

Claudia Vargas Puccio 30 October 2013

Double Tax Treaties are bi lateral, supranational laws that regulate the way that foreigners are taxed on assets and income of the other country. Generally speaking where both countries seek to impose tax the tax treaty will override, so that a person does not pay tax twice on the same income/asset....

Yet more anti tax fraud measures for Spain

Miguel Ángel Blanca Prieto 31 January 2013

2012 proved to be one of the most exhausting years in terms of the amount of new law. New tax regulations were certainly one of the main focuses for the Government. The so called "tax amnesty" was especially significant and the Government claimed that this scheme, which expired on 30 November...

New tax incentives for property purchase in Spain

Alistair Spence Clarke 09 July 2012

The Spanish banks have been ordered by Government to reduce the values of the properties they have acquired from bankrupt developers and defaulting owners. As the banks have now taken the losses into their balance sheets, the prices demanded by the banks for Spain's massive unsold stock of property ...

Tax Office Fights Against Tax Evasion

Alistair Spence Clarke 07 April 2010

In the Spanish system 'substantial tax fraud' is defined as a single tax offence that results in tax not being paid that exceeds 120,000€. Over this limit the tax fraud offence is subject to the Penal Code but under this limit the consequences are limited to fines and interest which are usually seve...

Possible Revolutionary New VAT Law for Small Businesses

Alistair Spence Clarke 07 May 2010

All the political parties have backed a proposed change in law to modify the current VAT law for smaller self employed businesses and companies, so that their VAT payment to the tax office will only take account of sales invoices that are actually paid by their clients. If this revolutionary propos...

Will Rajoy Have What it Takes After the Spanish Elections on Sunday?

Alistair Spence Clarke 18 November 2011

On Sunday, the Partido Popular, the centre right political party is expected to romp home with an overall majority of the 350 member Congress of Deputies, Spain's lower legislative house. The newspapers predict that the elections, that use the d'Hondt system of proportional representation, will giv...