Articles

Flexible Salary: A Tax-Efficient Approach to Employee Benefits

In today’s competitive employment landscape, offering attractive compensation packages is more important than ever. Flexible salary arrangements have emerged as a forward-thinking strategy that not only enhances employee satisfaction but also optimizes tax efficiency. These arrangements allow companies to offer non-monetary benefits to their employees, such as health insurance, childcare, and pensions, without incurring additional … Read more

New Regulations for Timekeeping in Spain: What Businesses Need to Know

Since 2019, Spanish labour law has required all companies with employees to keep a detailed record of working hours. These records must be stored for a minimum of four years and made available for labour inspections. Until now, businesses have had the flexibility to maintain these records either on paper or via digital systems. The … Read more

General insights on Spanish labour

Hiring employees in Spain involves navigating a complex legal and regulatory environment, with various rules and requirements in place to protect both workers and employers. The Spanish labour framework is governed by the Spanish Constitution, the Workers’ Statute, and sector-specific agreements, providing legal clarity but also making the process bureaucratically demanding. Employers can choose from … Read more

New App Simplifies Social Security procedures for Self-Employed Workers

We are pleased to share some exciting news for self-employed individuals in Spain. The Tesorería General de la Seguridad Social (TGSS) has launched the Import@ss app, a free and user-friendly tool designed to simplify key tasks for autónomos. This app allows you to manage important procedures, such as registering or deregistering as self-employed, directly from … Read more

Some tips regarding IBI tax payments

Has your bank account been frozen due to unpaid local taxes? If you own property in Spain, you are required to pay several yearly taxes to the town hall where your property is located. The most important of these are the IBI (Impuesto sobre Bienes Inmuebles) and the rubbish collection tax. The town hall assumes … Read more

A small business VAT exemption for Spain – will this ever happen?

If Spain fails to incorporate into its tax regulations the EU directive 2020/285, approved by the Council of Europe on 18/02/2020, it will be subject to fines from the EU Commission. Perhaps other sanctions will apply and maybe Spain will be prevented from receiving EU funds until they comply. That would be very painful and … Read more

UK budget: time to relocate to Spain?

There is no doubt that the budget announcement of yesterday will cause many more UK residents to consider packing their bags in search of a more friendly tax regime. The atmosphere in the UK, and we don’t just mean the famously ‘interesting’ UK weather, is becoming more miserable at the hands of the new labour … Read more