ARE YOU RESIDENT IN SPAIN FOR TAX PURPOSES?

The way in which individuals and bodies corporate pay tax in Spain varies depending on whether or not they are residents of Spain.

1. INDIVIDUALS

Individuals shall be deemed to have their principal residence in Spain if they meet any of the following conditions:

• They spend more than 183 days per calendar year in Spain. Occasional absences shall be taken into account to calculate the period of residence, except when said individuals prove they have their tax residence in another country. In the case of countries or territories classified as tax havens, the Spanish tax authorities may request proof of residence in the tax haven for 183 days per calendar year.

FREE BUSINESS REGISTRATION

Are you looking to set up your own business ? Are you considering the option of being self employed as a new challenge in your life or just as an escape way for the actual labour market situation?

In VP ADVISERS we want to help you in your new stage. We are the only business office in Orihuela Costa registered at the Industry, Tourism and Commerce Ministery as PAE in order to offer FREE BUSINESS REGISTRATION to all that persons that are looking for a new business life.

But we are not stopping there, we are also offering low quotas in accountancy, business and personal taxation, wills, conveyancing and more other services in order to help you.

 

If you are considering the idea of setting up a new business why do not give us a visit?

Our office is based at:

Commercial Centre La Mosca
1st floor above Supercor

Orihuela Costa

965327714

info@vpadvisers.com

www.vpadvisers.com

Declaration of Assets Abroad, until March 31st.

From January 1st until March 31st tax residents in Spain are obliged to report on the following groups of assets and rights abroad they had in 2013 (in case the assets of a group are exceeding 50000€):

1) Bank accounts, credit accounts or any other  financial product in any institutions located abroad.

2) Securities, rights, insurance and annuities deposited, managed or obtained abroad.

3) Real estate and real property rights of ownership located abroad.

WHEN CAN BE USED DIFFERENT SERIAL NUMBERS FOR INVOICES

Today we will discuss about an issue that sometimes could cause some confussion to the companies or self-employed professionals. We are talking about the use of different invoice serial numbers.

Invoicing with different series numbers is an allowed option under the new Invoices Law as it was in the past. There are cases in which this procedure is required, such as when an amended invoice has to be produced or in judicial proceedings, among other mandatory cases.

Why to increase the share capital of a corporation?

Many enterprises are established with the required minimum capital (3000 Euros in the case of a limited company and 60,000 in an S.A company) and with the passage of time this is becoming smaller capital in the balance sheet of a large company. Companies with profits accumulate reserves, ignoring the capital; until one day someone puts their eyes in and decides it's time to accompany the growth of the company. 

Spain and Andorra sign agreement on avoiding double taxation and on efforts to combat tax fraud.

 

Signed in Andorra la Vella, the agreement stems from a commitment made by Mariano Rajoy and Antoni Martí at a meeting held in Madrid on 12 September 2012 to consolidate and further develop relations between the two countries, including tax relations. Spain and Andorra today signed a document that follows the OECD model agreement.

The document refers to the treatment of dividends, interests, fees and capital gains in the same way as the France-Andorra agreement and will enable double taxation to be avoided. Furthermore, a number of anti-abuse clauses have been included with regard to application of the agreement. The new document will enable the promotion of trade and investment relations between Spain and Andorra.

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. 

 

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?

If you are collecting unemployment benefits and you're thinking about managing your own business as self-employed person but you don’t want to lose the remaining unemployment payments, here you are the options:

Recorded unemployment falls by 253,627 in 2014, the largest year-on-year decrease since 1998

The number of unemployed registered with the Public Employment Services in Spain fell by 253,627 in 2014 (-5.39%), the largest ever year-on-year decrease recorded in December since 1998 and putting the total recorded unemployment figure at 4,447,711.

This is the second decrease in recorded unemployment at the end of the year since 2006 (following the decrease of 147,000 posted in 2013), meaning that the overall total decrease for the last two years now exceeds 400,000.  In the previous five years, recorded unemployment had increased by an average of 314,000 on the previous year.