Government approves measures to boost employment

 

The government's commitment is to incorporate the most vulnerable groups into the labour market: the long-term unemployed, the over 55s and the less-qualified young people. The Council of Ministers approved the Spanish Strategy to Boost Employment 2014-2016; the Annual Employment Policy Plan 2014, and the distribution of more than 1.2 billion euros to the regional governments for active employment policies. Moreover, it presented reports on the future portfolio of common services of the National Employment System and on the reform of the Employment Training System.

When can we destroy documents?

 

One of the most frequent questions that freelancers and business owners ask is for how long they must keep documents such as invoices, when do we have to discard them? As you know the tax authorities, as a general term, has 4 years to review the taxes so is that period of time enough to discard the documents? Below we will explain how it is not as simple computation time in the preservation of archives.

Get a proper invoice and avoid further problems

 

In previous articles we have discussed about the requirements for invoices to be considered acceptable by the tax authorities. While it is normal for most companies to produce the invoices properly, many elude a prerequisite, the description of the billed transactions. If this happens may occur that the tax authorities rejects you to deduct the paid VAT if the description is generic, inaccurate or incomplete, so do not hesitate when it comes to claiming your provider everything you need to be sure you get a correct invoice.

Jobless figures rise again in August

 

 

Recorded unemployment rose by 8,070 in August on the previous month and the total number of unemployed registered with the Public Employment Services now stands at 4,427,930. In the last 10 years, recorded unemployment has increased by an average of 49,025 in August.

6 months to regularize your spanish income taxes due to undeclared pension.

 

The law provides that resident in Spain must declare all their income in this country irrespective of their source, without prejudice to the various international treaties could establish. Many residents who receive income from their countries of origin or others think it's done enough to be paying taxes at source and not take into account the fact that not to fill up the income tax in the country where they live or not including all the worldwide incomes may cause them penalties, surcharges and default interest.

Journalistic collaboration in online blogs, with or without VAT?

 

In this article we are going to talk about the tax obligations of the bloggers, an increasingly widespread activity on the web due to the large number of companies making publications and blogs, to be released in the media and attract customers. The tax treatment of journalistic collaborations already been detailed in previous articles. They commented on the possibility of combining work with a freelance paid work without registering for Social Security as self-employed. This is possible depending on the income they give us this second activity and regularity with which it is performed.

The Tax Reform will also lower retentions of corporate managers

As we have advanced in previous articles the government is working on a deep fiscal reform in order to boost the economy and creating jobs. Final approval of the tax reform will involve a modification of the retentions that apply to the salaries of managers and directors of corporations. This measure is in line with the reduction applied by self performing professional activities (see here).

Do I have to inform the Tax Office of my change of address?

 

Not only our friends, family and neighbors want to know where we live, also Tax Authorities and other government departments such as Social Security or traffic office should know our address in order to contact us if needed. The tax law establishes the obligation to notify the fiscal address to the tax administration offices, as well as variations that may occur in it.

Spain posts highest ever January-July result with 36.3 million inbound tourists, an increase of 7%

 

 

Spain was visited by 36.3 million inbound tourists in the first seven months of the year - up 7% on the same period of 2013 and an all-time record since these figures began to be kept by the Inbound Tourism Survey (FRONTUR) drafted by the General Sub-directorate of Tourism Information and Studies of the Ministry of Industry, Energy and Tourism.

THE LIMITED LIABILITY ENTERPRENEUR

 

One of the main advantages of using a limited company with respect to carry on the business compared with doing it as a self-employed person is that the personal assets of directors and partners are protected against any corporate debt. The recent Entrepreneur Law creates limited liability through which individuals may avoid liability for business debts concerning their main house under certain requirements: