FIGHT AGAINST FISCAL FRAUD

Spain's Tax Office (AEAT) will be paying closer attention to professionals they suspect of failing to fully declare their income, and those claiming unemployment benefit while working on the side, in an effort to bring a greater portion of the country's underground economy to the surface.

At a time when the government is striving to fill a huge hole in its finances, the AEAT's action plan for 2011 was presented Monday in the official gazette. Tax officials are being asked to be on the lookout for professionals with signs of wealth that are incongruent with their tax declarations. They will also be trying to keep tabs on false declarations of expenses.

In their battle with tax cheats, inspectors will step up joint action with their colleagues in the treasury and labor arms of the Social Security system, and will make visits to businesses where undeclared activity is suspected.

Source: EL PAIS.

50% DISCOUNT. SPECIAL OFFER!

Stop worrying about your fiscal and accountancy bill. In VP ADVISERS we know these are difficult times for everybody and we want to give you a helping hand. In fact, we are giving you 3 helping hands:

1. We have a special offer for business. Come to VP ADVISERS and you will get a 50% discount on the first two months fiscal and accountancy bill.
   
   
2. We have ones of the lowest quotas in the Orihuela Coast area. From 50€ IVA included for Autonomos, and 100€ IVA included for Limited Companies. (Plus just an extra 10€ labour fee per worker in case you have it).
   
   
3. In 2011, we are not increasing our previous year fees.
   

And if you are interested in setting up your business or activity. We are offering free Autonomos registration and free Limited Companies creation (*). Ask for terms and details in our office.

We are based in La Mosca Commercial Centre, upstairs, premises 8.
Flamenca Beach, Orihuela Costa.
965327714
vpadvisers@gmail.com
www.vpadviser.com

2010 NON RESIDENT TAX JUST FOR 30€

2011 has arrived and within it, it also starts the period to declare the 2010 Non Resident Tax for those owners of a property in Spain who are residents in a foreign country. You have the whole year (2011) in order to declare it, but as you should already have the paperwork from SUMA (Alicante region office for local taxes) it could be a great idea letting this presented from now.

A person is considered resident in Spain by the Tax Office in this cases:

- Spending more than 183 days (Half year) in Spain.
- Has the work activity main core set in Spain.
- His/her wife, husband, and/or children until 18 years old are residents in Spain.

The fiscal residence in another country has to be certified by the Fiscal Authorities from that country. And usually the certificates are valid for a year.

A person could have the residence certificate in a country, but could not be consider fiscal residence in it. Residence and Fiscal Residence are different things.

A house could also being rented by its owners and if they are non resident, they have to declare every quarter the incomes in a different income tax. The time in the year

Normally we talk about the Non Resident Tax only over properties, but it is applied for all the incomes that a Non Resident could receive in Spain (Job, Renting, Capital Gains, etc). The deadline to declare the tax changes depending on what kind of incomes are you receving.

We have one of the lowest quotas in the are. Our fees are only 30€. Come to visit us in our office. We will be happy to welcome you and we also offer low cost fees in other services including business registration, accountancy, conveyancing, taxation, NIE& Residence, Traffic Managements, Wills and more.

We are in
La Mosca Commercial Centre, Upstairs, Unit 8
Flamenca Beach, ORIHUELA COSTA

Phone: 965327714 / 615722273

4th QUARTER TAXES

January 31st is the last day to present the IVA & advanced income tax payment for the 4th quarter (July, August and September). When you collect your taxes you will also get the annual informatives declarations.

Bear in mind the deadline if you are going to pay it by bank account is the January 25th, and Tax Office will charge you later on last day of declaration deadline.

[UPDATED] MERRY CHRISTMAS

VP ADVISERS WISHES YOU AND YOUR FAMILY THE BEST IN THESE DAYS, A HAPPY CHRISTMAS AND A HAPPY AND PROSPEROUS NEW YEAR.

FELIZ NAVIDAD Y FELIZ 2011

PD: Our office will be close all day on Friday 24th and Friday 31st .

UPDATED: Due to bank holidays, January 6th our office will be close.

TAX CUTS FOR SMEs

Spanish government president, Rodríguez Zapatero, announced tax cuts for small and medium-sized enterprises, and the end to the 426€ benefit for the unemployed as from February in an another anti-crysis measures pack.

Zapatero stressed that the new tax measures were designed to promote investment and employment, especially for SMEs, hence the reduction in corporate income tax by extending the tax base from its current 120,000€ mark to 300,000€. Until now, enterprises with incomes higher than 8,000,000 € were not considered SMEs. Now that limit is set in 10,000,000 €.

The end to the 426€ benefit for unemployed people with no other cover has also been announced. The benefit payments will come to an end in February, when the last extension finishes.

ABOUT DISCHARGING PATIENTS WITH TEMPORARY DISABILITY

Employment Inspection Authority doctors and Social Security National Institute doctors are able to discharge patients with temporary disability as public health care system doctors were doing until now. This new situation is comming into effect from November 26th and its final goal is helping to avoid fraud from workers who are illegaly extending their temporary disable period.

Until now these doctors were only able for making information reports or checking some cases but not for discharging the patients.

This measure is included in Ley 35/2010.

OFFICE CLOSED ON DECEMBER 6th AND 8th

Dear clients, due to Constitution Day and Inmaculada Virgin Day, our office in La Mosca Commercial Centre will stay closed on December 6th and 8th. Tuesday December 7th we will be opened in same opening hours as always (9:30h-14:00h and 15:00h-18:00h). Same for Thursday and Friday.

Sorry for the inconveniences and have a nice holidays.

ELECTRICITY BILL AGAINST TAX EVASION

From the beginning of 2010, the electric companies are obliged to declare a list of electricity charges by cadastral reference number. First declaration will be made on March 2011 with the 2010 information.

What does this mean? We all know that many people are not declaring rent from houses where are located business or professional activities. So the tax office has supposed there is a huge fraud on this. A business should to be set up in commercial units or premises. The rent has to be declared by the owner and the 19% payed by the tenant every three months.

By this decision, Hacienda could be able to check if some "empty houses" have electric activity that should be declared.

The Modules fiscal way will be also affected by this because many incomes declarations are depending on "Electricity charges" parameter.

[UPDATED] TAX OFFICE TELEMATIC NOTIFICATIONS IN 2011

Today we can know by the Order in Council 1363/2010 that from the 1st of January 2011 on, the spanish Tax Office will send the notifications to limited liability companies (SL) and public limited companies (SA) besides others (those legal entities whit a NIF that starts by N,W,U,V) by telematic ways instead of the actual paper notifications.

All these companies should have a digital signature in order to log in into their electronic addres account on the Agencia Tributaria website, and certify the notifications reception.

According to the government, this action has been taken following the costs cut plan, but many companies maybe are not still ready to apply this.

UPDATED: Finally, Mr. Gaspar Caballo, AEAT Management CEO had said recently that this new law will only be applied on the bigger companies (Grandes Empresas), or companies who were registered in the monthly IVA refund or export businesses. There are no changes in this over the medium and small companies by the moment.