Picture the scene: with youth unemployment in Spain currently hovering around the 50 per cent mark for under 25s (source Eurostat), you decide to give your son a helping hand by letting him set up business in an empty shop you happen to own. As he is your child and you don’t need the money, … Read more
“In this world nothing can be said to be certain, except death and taxes.” So said American founding father Benjamin Franklin but, in the case of Spain, such a view could be seen as a little simplistic. Yes, everyone dies at some point and then inheritance tax will be due, but how much and where it … Read more
The Spanish Government recently announced new measures to fight against the black economy in Spain, unofficially 28% of the Spanish GDP. Who are the targets and will these measures work? The Spanish Government recently published the action plan to be carried out by Spanish tax inspectors during 2014 to reduce the Spanish black economy. This … Read more
From 2014, the possibility of filing the tax declarations by hand will gradually be disappearing, so that they only can be submitted by internet. Last year the Spanish Government announced that the tax law would be modified so that, from 1 January 2014, all tax declarations can only be submitted electronically, so the possibility of … Read more
In previous articles we explained that the Spanish Government reintroduced wealth tax in 2011 as an emergency economic measure. The reintroduction was achieved simply by removing the 100% exemption to the tax that had originally been introduced in 2008. However, the tax was eliminated for the majority of potential taxpayers because a significant tax free … Read more
Here are details of the Stick that followed the tax amnesty Carrot. If there was ever a piece of tax law that needed thought, this is it! 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 … Read more
The Spanish Government, currently the PSOE which is the main centre left party, announced on 1 March 2010 a number of proposals to stimulate the creation of employment and the economy in general. The main proposal is to incentivise property refurbishment which the Government believes will create 350.000 new jobs. Official figures show current unemployment … Read more
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The Income Tax and Wealth Tax Declaration campaign is now underway. All tax residents of Spain are reminded that Income and Wealth Tax Declarations must be filed no later than 30 June.
In addition, Great Fortunes Tax Declarations must be submitted by 31 July.
Please contact us if you would like assistance, as we can prepare and file the declarations on your behalf.
Companies in Spain are reminded that Corporation Tax Declarations must be filed by 25 July.
Submitting the declaration within the official deadline is important to remain compliant with Spanish tax regulations.
We are available to assist with the preparation, review, and filing of your Corporation Tax Declaration.
