Potential tax problems for ERTE employees
Employees who receive ERTE payments need to plan for income tax that may become payable
Taxation
Spanish tax residence rules and the problems caused by the Covid-19 travel ban (updated 31/05/2020)
Forced presence in Spain due to Covid-19 and impact on tax residence rules
Inheritance planning – using usufructs to pass on the family home tax efficiently
How to make the best use of usufructs when making inheritance tax planning decisions.
Income tax – spread betting problems
We examine the Spanish taxation of spread betting and CFDs
Income tax – rental income
Some peculiarities of Spanish tax treatment regarding rental income.
Income tax – exemption from filing an annual income tax declaration.
Discover who is exempt from filing Spanish income tax returns.
Income tax – 60.100€ tax free allowance for those working outside of Spain
Who qualifies for the 60,100€ tax free allowance?
Countries considered by Spanish tax law as tax havens
Spanish tax law contains numerous anti-tax abuse provisions that discriminate against countries that are considered to be tax havens (paraisos fiscales). It has maintained a list of such countries since 1991 and the number of countries has gradually reduced over the years as countries sign tax treaties with Spain that contain an exchange of information … Read more
COVID-19 The chaos of the legislation so far……
The Covid-19 crisis has underlined the fact that Spain does not have a single Government. It has 18, and that is the ignoring the 8.131 municipalities, which, thankfully, have limited powers to legislate. Apart from the Government of the Spanish State, Spain has 17 Autonomous Communities, some of which have ambitions to become separate countries. … Read more
Covid-19 Tax provisions to assist businesses during the crisis 20/3/2020
To date, the provisions incorporated into new tax legislation to help businesses during the Covid-19 crisis are not particularly wide-ranging. In this article we describe these in full. Postponement of tax payments available to small businesses All businesses whose sales for the year ended 31 December 2019 were less than 6.010.121,04€ have the right to … Read more