TOURISM EXPENDITURE HITS A NEW RECORD IN SPAIN

Foreign tourism continues to collect positive results. After experiencing the highest growth in the last six years with the arrival of 15.3 million passengers through April, the data provided by Turespaña confirm another record , this time in terms of expenditure.

RENT OF PRINCIPAL RESIDENCE DEDUCTION ON ANNUAL INCOME TAX

One of the deductions that can be helping us in order to reduce a Little bit the Annual Income tax to pay is the Rental deduction for the payments we made on the usual living house.

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.

BANKS SAVE OVER

The government’s latest move to help out the banking sector has ballooned beyond all expectations. A November decree that transformed some of the banks’ deferred tax assets (DTAs) into state-guaranteed tax credits means that the sector may save as much as €40 billion. This is €10 billion more than the original government estimate, according to figures collated by EL PAÍS from Spain’s major lenders.