Non Resident Tax

A person who is non fiscal resident in Spain and is getting any kind of income in this country during the year has to be declaring and paying taxes for the incomes received. The most common case is a Non Resident person who owns a holiday house or property in Spain.

Simplified invoices, forget about tickets

Although the new concept of simplified invoice, has nearly 2 years (since January 2013, which took effect), there are still questions about what they are and when to use them.

What is it? Current law sets aside the figure of the old tickets and invoices simplified situate them halfway between the bills we already know and the tickets, the content on simplified invoices is wider than the tickets but lower than the ordinary invoices.

Government of Spain commits to shopping tourism with a specific plan for 2015

 

 

The Government of Spain has presented its '2015 Shopping Tourism Plan'. This is the first time that such a document has been jointly drafted by the Ministries of Industry, Energy and Tourism; Economic Affairs and Competition; the Treasury and Public Administration Services; and Foreign Affairs and Cooperation. Additional support was provided by the regional governments and the private sector.

Pro-forma invoice - What is a pro-forma invoice?

 

As we have seen in previous articles in our blog there are different documents that can appear in a commercial relationship, documents such as budgets, delivery notes, invoices ... today we will talk about the Pro-forma Invoice which is a document that is sent to a buyer in certain circumstances - usually before all of the invoice details are known.

1,566,953 foreign citizens registered with Spanish Social Security system in October

 

The number of foreign citizens registered with the Spanish Social Security System stood at 1,566,953 in October, a decline of 0.97% on the previous month.

​The highest figures for foreign workers correspond to Romania, Morocco, China and Ecuador, with 270,985, 183,058, 91,554 and 73,280, respectively.

WHY IS IMPORTANT TO PRODUCE A SPANISH WILL

We should know about how important is having a will in Spain in case of people national of other countries when they have property in Spain as it can be a house, and being or not residents in Spain.

Making a will in Spain will protect the rights of the family members and heirs and gets easier the way to claim an inheritance in Spain by reducing costs and paperwork, by a citizen of another country. In fact, the process is much more complex and expensive if there is no Spanish Will produced, because claiming an intestate inheritance in Spain or one produced in the country of origin with respect to the property in Spain requires a large amount of time, money and documents that will be affecting directly the heirs.

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 conditions.

Year-on-year rate of inflation rises by 0.1 points in October to -0.1%

 

According to the figures published by the Spanish National Statistics Institute (Spanish acronym: INE), the Consumer Price Index (CPI) fell by 0.1% year-on-year in October - in line with the preliminary data announced at the end of October. This figure is 0.1 points higher than the figure posted in September, a trend that can be explained by the increasing cost of non-prepared foodstuffs.

VP Advisers - Solicitors and Tax Specialists

 

VP Advisers has been helping people in Orihuela Costa since 2009. It was created by leading lawyers and economists in order to provide accounting advisory services, tax and labour advice to local home-owners and residents, the self-employed and businesses of all sizes.

Why now is the best moment to become Self-Employed (Autonomo)?

 

At this moment you can take advantage on the benefits applied on the taxation, social security and public helps available to establish your own business as self-employed because now  is cheaper and more convenient than ever.

 

Reduced Social Security fees

 

If you are under 30 years, during the first 6 months of activity the fee is around 50 € , a reduction of 80 % over the normal fee . In the next 6 months , the reduction is 50% and in the 18 months following a reduction of 30 %.