THINKING ABOUT MOVING TO ANOTHER COUNTRY?

In a previous article we explained the necessary requirements to become fiscal resident in Spain and the most significant was living in Spain for more than 183 days in a year, but what happens if you want to comeback to your country or going to a different country than Spain for living? 

Are deductible Christmas dinners and Christmas hampers?

Christmas time is almost here and in this time of the year many companies celebrate Christmas lunchs or Christmas dinners with their employees and there are still companies that give their employees a basket full of food and drink as a gift.Companies will ask the suppliers for an invoice to deduct the expenditure but is correct the deduction of such expenses?

Spanish Tax Office signs tax information exchange agreement with Isle of Man

This exchange extends to the information held by banks, other financial institutions and any individual acting as a representative or trustee. It also covers information relating to the legal owner and effective beneficiary of companies.

The agreement falls in line with those signed in November with the representatives for Guernsey and Jersey at the Spanish Embassy in London. These agreements were made possible after the United Kingdom authorised the three British Crown Dependencies to negotiate and sign them on their own behalf.

Unemployment Benefits for Self-employed People

Can't believe there was a time when self-employment people couldn't get unemployment benefits but since August 2010, self-employed people (known in Spain as “autonomos”) can perceive unemployment benefits. The protection system gives access to unemployment benefits for a maximum period of 12 months and 70% of the base. Law 32/2010, of August 5, did justice to one of the oldest demands for self-employed : to collect unemployment benefits. Finally established and a 3 years after its adoption continues to generate some questions that we will try to solve.

CONVEYANCING: NON RESIDENT SELLING A PROPERTY IN SPAIN

At this moment, many people are thinking in Selling their property in Spain and coming back to their country or to face the purchase of another holiday home. Today we are knowing more about the process and costs involved in the selling of a house. 

Thinking on the mainly taxes and costs, the fiscal law for Non Residents sellers obliges the buyers to keep the 3% retention of the selling price to pay it to the tax office in behalf of the sellers as an advanced payment of the Capital gains tax.

HIRING WORKERS? DO NOT FORGET ABOUT THE HEALTH AND SAFETY AT WORK

Today we will talk about the obligation to carry out the Health and Safety at Work prevention (HSW) by the self-employed or companies. The Law 31/1995 states among other things that as entrepreneurs, exist the obligations to:

• Take the necessary measures for the protection of workers
• Inform and train workers regarding the HSW.
• To act facing an emergency situation and facing serious and imminent risk .
• Monitoring the health of their workers.
• Establish an organization and tools for prevention.

The Spanish economy grows by an annual 3.4%, the highest rate in nearly eight years, and creates 511,600 jobs

This growth rate is the highest since the fourth quarter 2007; that is to say, a year before the recession of the Spanish economy kicked in. Job creation grew by an annual rate of 3.1%, one tenth higher than in the second quarter, and 511,600 jobs were created with compensation per employee growth of 0.3% in a context of falling prices.

Turning down the volume in Spain’s noisy bars and restaurants

It’s probably happened to you before: you go to a restaurant with a group of people, you sit down and start talking at a normal volume.

But little by little, the place fills up, you stop hearing what your friends are saying, and you end up having to scream just to make yourself heard.

Average annual Spanish salary falls to lowest level since 2007

Tax filings by Spanish companies show that the average annual salary of a worker last year was €18,420, the lowest since 2007.

Salaries withstood the economic crisis relatively strongly until 2011, but dropped significantly the following year, when the government introduced a sweeping labor reform.

The drops continued in 2013 and 2014, according to figures released on Tuesday by the Finance Ministry.

Can I recover the VAT paid abroad?

 

We must first make a distinction with regard to purchases that are made outside our borders. If these are done to a country of the European Union and imply that consumption of the good or service is made ​​within our borders, we must fill up our registration as intra-Community VAT operators. By filling up the registration with the tax authorities we will get an European VAT number which will be used as a common reference in dealings with the customs authorities throughout the Community. If we have the European VAT registration number purchases from other country of the European Union shall bear no VAT on your bill, while if we do not have it the seller will apply the VAT tax of its country and this cannot be deducted as such and must be accounted as a greater amount of the purchase.