National

Reduction of Working Hours in Spain in 2025

In 2025, Spain is undergoing a significant transformation in its labour landscape with the proposal to reduce the maximum working week from 40 to 37.5 hours without any reduction in salary. This initiative, led by the Ministry of Labour and Social Economy, aims to improve work-life balance, boost productivity, and enhance employee well-being. Current Status … Read more

Spanish Tax Treaties Changes – a taxing trend for foreigners

Spain is very active in signing new tax treaties and updating some old treaties, unfortunately not necessarily for the benefit of the individuals investing in Spain. 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 … Read more

Spanish Bank Crisis – Were the Auditors Asleep on the Job?

There is much in the news today about various firms of auditors being appointed to analyse the real bad debt situation that has caused the banking crisis. As a small scale Spanish auditor myself, I can’t help think that something has gone seriously wrong in the audit profession in Spain and it amazes me that … Read more

Spanish Banks in Ruin – The Story so Far (And a Bit About King Canute)

Alistair Spence Clarke28/11/2011 An article in a blog I was reading this weekend caught my eye and I decided to do some digging. After a few minutes, what I have long suspected about the bank’s holdings of defaulting loan assets became crystal clear. The last property crash in Spain happened in the early 1990s, at … Read more

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

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