Guide to the Most Common Spanish Tax Declarations

A brief foreword It will come as no surprise that Spain’s famously bureaucratic system has a truly rich array of tax forms that have to be filed by businesses and individuals. In this article we list and explain in brief terms the 21 most common tax forms that can apply to small scale businesses, both … Read more

Taxing a rent free commercial property

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

New tax incentives for property purchase in Spain

A few weeks ago the Spanish Government introduced another important tax incentive for property purchasers in a bid to kick start the moribund property market and help the banks get rid of their stock of repossessed properties. It is worth comparing Spain’s property tax incentives to the massive French tax increases on foreign property owners. … Read more

Possible Revolutionary New VAT Law for Small Businesses

There is a new proposal for a substantial change in VAT law that will allow small scale self employed businesses and companies to pay VAT on their real sales income. 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 … Read more

Tax Office Fights Against Tax Evasion

The Spanish Government intends to approve a number of changes in legislation to strengthen the tax office’s armoury against the black economy and tax fraud. They propose to modify the Penal Code so that substantial tax fraud may be penalised with up to 6 years (currently four years) in jail. In the Spanish system ‘substantial … Read more