Non Resident Tax

A person who is non fiscal resident in Spain and is getting any kind of income in this country during the year has to be declaring and paying taxes for the incomes received. The most common case is a Non Resident person who owns a holiday house or property in Spain.

Simplified invoices, forget about tickets

Although the new concept of simplified invoice, has nearly 2 years (since January 2013, which took effect), there are still questions about what they are and when to use them.

What is it? Current law sets aside the figure of the old tickets and invoices simplified situate them halfway between the bills we already know and the tickets, the content on simplified invoices is wider than the tickets but lower than the ordinary invoices.

Government of Spain commits to shopping tourism with a specific plan for 2015

 

 

The Government of Spain has presented its '2015 Shopping Tourism Plan'. This is the first time that such a document has been jointly drafted by the Ministries of Industry, Energy and Tourism; Economic Affairs and Competition; the Treasury and Public Administration Services; and Foreign Affairs and Cooperation. Additional support was provided by the regional governments and the private sector.

Pro-forma invoice - What is a pro-forma invoice?

 

As we have seen in previous articles in our blog there are different documents that can appear in a commercial relationship, documents such as budgets, delivery notes, invoices ... today we will talk about the Pro-forma Invoice which is a document that is sent to a buyer in certain circumstances - usually before all of the invoice details are known.

1,566,953 foreign citizens registered with Spanish Social Security system in October

 

The number of foreign citizens registered with the Spanish Social Security System stood at 1,566,953 in October, a decline of 0.97% on the previous month.

​The highest figures for foreign workers correspond to Romania, Morocco, China and Ecuador, with 270,985, 183,058, 91,554 and 73,280, respectively.

WHY IS IMPORTANT TO PRODUCE A SPANISH WILL

We should know about how important is having a will in Spain in case of people national of other countries when they have property in Spain as it can be a house, and being or not residents in Spain.

Making a will in Spain will protect the rights of the family members and heirs and gets easier the way to claim an inheritance in Spain by reducing costs and paperwork, by a citizen of another country. In fact, the process is much more complex and expensive if there is no Spanish Will produced, because claiming an intestate inheritance in Spain or one produced in the country of origin with respect to the property in Spain requires a large amount of time, money and documents that will be affecting directly the heirs.

THE LIMITED LIABILITY ENTERPRENEUR

 

One of the main advantages of using a limited company with respect to carry on the business compared with doing it as a self-employed person is that the personal assets of directors and partners are protected against any corporate debt. The recent Entrepreneur Law creates limited liability through which individuals may avoid liability for business debts concerning their main house under certain conditions.

Year-on-year rate of inflation rises by 0.1 points in October to -0.1%

 

According to the figures published by the Spanish National Statistics Institute (Spanish acronym: INE), the Consumer Price Index (CPI) fell by 0.1% year-on-year in October - in line with the preliminary data announced at the end of October. This figure is 0.1 points higher than the figure posted in September, a trend that can be explained by the increasing cost of non-prepared foodstuffs.

VP Advisers - Solicitors and Tax Specialists

 

VP Advisers has been helping people in Orihuela Costa since 2009. It was created by leading lawyers and economists in order to provide accounting advisory services, tax and labour advice to local home-owners and residents, the self-employed and businesses of all sizes.

Why now is the best moment to become Self-Employed (Autonomo)?

 

At this moment you can take advantage on the benefits applied on the taxation, social security and public helps available to establish your own business as self-employed because now  is cheaper and more convenient than ever.

 

Reduced Social Security fees

 

If you are under 30 years, during the first 6 months of activity the fee is around 50 € , a reduction of 80 % over the normal fee . In the next 6 months , the reduction is 50% and in the 18 months following a reduction of 30 %. 

Will your company be obliged to use electronic invoices from January?

 

Not long now for the entry into force of the obligation to issue electronic invoices for certain companies, following the publication of the "Law on promotion of electronic billing." With the entry into force of Law 25/2013, from next January 15, 2015, the companies that supply goods or services to the public authorities are obliged to submit their invoices electronically. 

Increased price competitiveness in third quarter of the year

The foreign trade competitiveness of the Spanish economy in the third quarter of 2014, taking the Consumer Price Indices as a reference, increased vis-à-vis the EU due to lower Spanish inflation compared with the average rate of inflation in the other EU countries and the depreciation of the Euro against the currencies of those countries.

VP Advisers & Lawyers will make it easy

VP Advisers & Lawyers provide you with a firm of lawyers and economists made ​​up of qualified people with an unwavering commitment to quality service that will help you build the road to your business objectives.

Do I lose my unemployment benefits if I set up a business?

 

The difficulty in finding a job makes many people try to start their own business, but is it the right time if you are collecting unemployment benefits?

May an association perform an economic activity?

 

As a general rule associations are groups of individuals (a minimum of 3 people) that are created for social purposes. Promoters and members share a certain goal (civic, cultural, sports, etc.) and are feed economically by fees paid by members and also they can get grants for promoting their purposes. Under these premises can the associations run economic activities?

Is it good that the state subsidizes private business?

Sometimes governments provide public aid to set up businesses in the form of grants for first settlement, international business expansion or even reducing the costs of social security and offering tax rebates

54 countries and territories agree to automatic exchange of tax information as from 2017

 

A total of 50 countries and jurisdictions around the world signed a multilateral agreement between the competent authorities on the automatic exchange of financial account information. Of those, 48 countries and territories will exchange this information as from 2017 and the other two will do so as from 2018. Another six more countries have committed to the agreement for 2017 (although they have not signed). In total, 54 countries and territories will exchange information in an automatic and standardised fashion as from 2017.