Tourism leases in Andalusia. What should we know?
The growing tourist demand in Spain causes an increase of the leases of residential dwellings. If you are a property owner and you are thinking of renting it for tourist purposes, you must know what is required by law.
Each autonomous community has... Read More
Spain to recover its political influence in the EU
The Spanish government is facing a new role within its EU partners by gaining its lost influence due to the Brexit and its recovery from the economic crisis.
Spain is trying to recover its diplomatic and influential position inside the European Union which... Read More
The Spanish tourist market, global leader in competitivity
Spain is found to be the first competitive global tourist power in a World Economic Forum's report.
The Spanish tourist market keeps increasing and this year's provisions are higher than 2016's. Spain was visited last year by 75.6m tourists, up to 10.3% more than... Read More
The Spanish economy improves by reaching pre-crisis values
Spanish economic data are upgrading although there is still a wide margin for improvement in relation to employment.
After three years of growth, the Spanish economy is improving and reaching levels prior to 2008 crisis. The government forecasts for 2017 places this growth around... Read More
The IRPF's box could be extended to other seven religions in Spain
A similar box to that of the Catholic Church could be implemented in the tax return's application from which might be benefited around seven religious creeds in Spain.
The Minister of Justice will implement a box like the Catholic Church... Read More
The CJEU definitively overturns the floor clauses
The European High Court recognizes the total retroactivity of the floor clauses and banks must return all the amounts overcharged to their customers.
The Court of Justice of the European Union (CJEU) has issued the final judgement on land clauses forcing banks to repay the... Read More
The TSJA does not consider the maternity benefit exempt from the IRPF
The TSJA opposes in a ruling the TSJM when it rejects to exempt maternity allowances in the income tax by referring to the Spanish Tax Agency's thesis.
The High Court of Justice of Andalusia (TSJA) enacted a ruling last October... Read More
Madrid’s High Court contradict the Spanish tax authority’s criteria and it recognizes the refund of income taxes paid on maternity leave.
The Community of Madrid’s High Court of Justice (TSJM) has recognized to a taxpayer the income tax’s refund paid when receiving a maternity allowance.
This judgment contradicts the Spanish Tax Agency’s... Read More
The Spanish tax authority keeps its collection policy and it is focused on HNWI and multinationals, increasing its inspections in areas like Costa del Sol and Madrid
The Spanish Tax Agency is increasing its tax inspections both HNWI, especially those non-residents owning properties (generally, second-home residences) and multinationals in our country,... Read More
The 31st of October marks the end of the Spanish Tax Agency's Tax Inspection's Intensified Action Plan against tax fraud, which has been described as arbitrary and confiscatory by the fiscal sector.
Last February, the Spanish Association of Tax Advisors (AEDAF) criticized the plan of incentives against tax fraud that the... Read More
The caretaker government will undertake the Corporate income Tax reform and re-implement installment payments. This measure is being accused as confiscatory by labor unions and the opposition parties.
The caretaker government will make effective through law-decree the Corporate income tax reform that was announced last July; and by which is trying... Read More
The Spanish economy is improving despite the eight months of a caretaker government. Although there is uncertainty about its sustainability, in Del Canto Chambers we are confident in the ability of our country. For this reason, we offer #EmbraceSpain to our international clients.
Spain has been ruled by a caretaker government... Read More
Working on the Tax Agency’s fight against tax fraud and tax collection has monopolized our week at Del Canto Chambers.
Treasury leads the way:
The Tax Agency has been the chief protagonist this week at Del Canto Chambers. We have focused on the inspections being carried out in large multinational companies operating... Read More
Poor collection of both corporation tax and personal income tax overthrow the forecasts made by the Tax Office in the State Budget for 2016. Reality deviates drastically from initial forecasts made by Spanish Tax Office:
The Tax Agency was too optimistic in the preparation of the State Budget, published shortly before the... Read More
Tax authorities reveal more than one and a half million non-declared properties in Spain. Its impact on immovable property's tax collection it is a lifeline for councils' accounts.
The Spanish Tax Agency have discovered 1.690.000 non-declared properties for immovable property tax (IBI) in Spain. The investigation has been taken part by... Read More
The tax declaration of self-employed workers' earnings from economic activities uploads by first time since the beginning of the crisis.
The benefits that self-employed workers have declared to the Spanish Tax Agency in their income tax declaration (IRPF) have grown up by first time since the year 2007. The declared net... Read More
The Spanish government still has not specified a figure but assures it will be up to 20%. The public deficit's compliance with Brussels it is an uthopy.
The Spanish caretaker government has notified to the Fiscal Responsability Indepedent Authority (AIReF) that the new corporate tax's fractioned payment's rate will permanently be... Read More
This Agreement's reinterpretation will enable law firms and chambers' works and businesses with the neighbouring country.
Spain and Morocco have introduced some modifications in their 1978 Agreement to avoid double taxation in the income and heritage tax fields, which will mean further improvements in both countries' commercial relations and in the... Read More
The Spanish airline company avoids paying 29 million euros of non-resident income tax to the Spanish Tax Agency because an unjustified inspection visit enlargement.
The Spanish airline company Iberia has won a twenty-nine-million trial to the Spanish Tax Agency. That Agency was claiming this amount by way of non-resident income tax's... Read More
The iconic Apple multinational or the giant Google are suffering from fiscal inspections by the Spanish Tax Agency.The Spanish Tax Agency is investigating the Apple giant and its branches in Spain, following the Spanish journal El País, among other big businesses such as Google which had already been visited by... Read More
Bailing water: the Spanish government raises the corporate tax to balance the accounts
With the corporate tax raising, it is intended to "plug the gap" suffered in its collection, the worst figure since 1995.
The Spanish Treasury Department has propounded to increase up to 12% the corporate tax's fractioned payment before the... Read More
Spanish Golden Visa, the most secure scheme to put a foot in Europe:
Spanish Act 14/2013 of 27th September, known mainly for containing the Spanish Golden Visa scheme, was issued to support entrepreneurs and their internationalisation, introducing a new type of visa and residence permit for qualified immigration, in order to... Read More
The Spanish Government announced a corporate income tax's increase without concretising it and it is going against the European's tide.
The Spanish Government announced that the minimum payments on account's corporate income tax's interest rate will be rise to the foreign businesses in order to collect 6.000 million of euro more... Read More
The time to buy Spanish real estate and obtain the Spanish Golden Visa is running out.
According to the figures from the Spanish Ministry of Development, the stock of new, unsold houses reached a maximum of 650,000 homes in 2009. That is why now that this figure has dropped below 500.000,... Read More
Different jurisdictions and tax schemes are keys to bear in mind when an FO is established
A Family Office (FO) is a kind of business created to manage the single family or group family's assets and wealth. It deals with wealth management such as financial, real estate and corporate investments and... Read More
Although the Golden Visa scheme, included in the Spanish Entrepreneur’s Law of September 2013, is aimed at obtaining foreign investments, it also works the other way aroundA whole fifteen months have passed since the Spanish government put forth a new law which gives a residency visa to foreigners who buy... Read More