Making electronic invoices

In your business you have the ability to make invoices both in paper and electronic formats, but until now to produce electronic bills could become a complicated process because of the requirements that were required, including the owning of certain software approved by the Spanish Tax Office. However, the situation has changed as from 1 January 2013 these requirements have been relaxed.

Entrepreneurs and job creation measures

Measures to support entrepreneurs and stimulate economic growth and job creation

The Council of Ministers approved a Royal Decree on measures to support entrepreneurship and spur growth in several areas including the following:

A)   Measures to promote entrepreneurship and self-employment of young people:

·        - It sets a fix fee of fifty euros in Social Security contributions for new self-employed people under thirty years old, for the first six months.

·         - It allows unemployment benefits compatible with the starting of an activity as self-employed, for nine months to people under thirty years old .

Registered unemployment rises above five million people

Spain’s long-lasting recession continues to take its toll on employment. According to figures released on Monday by the Labor Ministry, the number of people registered as unemployed with Spain’s state employment offices has risen above five million for the first time in history. The increase in joblessness in February came in at 59,444, a rise of 1.19 percent which takes the overall figure to 5,040,222.

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-Basic and strting legal advising in any issue.

-Advising over deals, contracts and edition of them.

-Debts collection, managements previous to Court process.

-Monitoring on developments of contracts between companies and third parties.

-Wills and inheritances.

-Documentation obtention and managements with Public Registry.

-Labour affaires.

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Government in talks with banking sector to jumpstart credit flow to companies

The administration of Prime Minister Mariano Rajoy is in talks with the banking sector to get credit flowing again to companies in order to create jobs and help pull the nation out of recession, sources said.

In a visit to Madrid two weeks ago, the European Union commissioner for economic affairs, Olli Rehn, identified as a bottleneck in the Spanish economy the fact that credit is excessively restricted and too costly. Outstanding credit in Spain has fallen 10 percent since 2009.

NEW LAW ABOUT OBLIGATION TO REPORT ASSETS ABROAD

From February 1st until April 30th tax residents in Spain are obliged to report on the following groups of assets and rights abroad they had in 2012 (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.

Failure to comply with this reporting requirement tax offense qualifies as very serious. Infringement shall constitute the following conduct of the taxpayer:

Justice minister does partial backtrack on court charges

Justice Minister Alberto Ruiz-Gallardón told lawmakers in Congress on Tuesday that he plans to partially modify controversial court filing charges that his department recently introduced.

The fees for basic legal measures such as divorce petitions have raised the hackles of members of the judiciary system itself, who have argued it restricts access to justice to the well-off.

"We are aware that Spaniards are going through bad times,"

European Central Bank president Mario Draghi said Tuesday that he understood the frustrations felt by many Spaniards because of the government’s harsh reforms but asked for patience because they will “take time” to produce positive results.

Speaking at a news conference after meeting behind closed doors with deputies in Congress, the ECB chief said that he came to Spain “to listen as well as recognize all the efforts” that are being undertaken by the government.

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 PAIT 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

Bankia to speed up branch closures

Nationalized bank Bankia said Monday it plans to speed up the process of branch closures as part of the slimming down of its operations required under the European bailout for the banking sector.

In a statement posted on its website, Bankia said it now plans to close 1,100 offices this year instead of spreading out the process over three years as initially planned. Bankia’s restructuring also calls for the laying off of 4,500 workers