Talking to a colleague in Hong Kong I realised how many people still think that residence in Spain is a taxing lifestyle. This week I was in Seville, Jerez, Sotogrande, Marbella and Malaga and met clients from UK and Malaysia. Looking at their lifestyle and listening to them I am more...
Read MoreThis week in London I noticed how Spanish gastronomy, music and fashion is going mainstream again. I am not talking about cheap paella, tacky folklore music or flamenco dresses. I saw gourmet restaurants in W1 and great street's food at Candem Town inspired by Spain, watched designers' cloths and listened to...
Read MoreIn the 60`s REITs (Real Estate Investment Trust) were born in the US, with the goal of making large-scale investments in real estate accessible to small investors. The formula chosen was to equate investment in real estate to investment in any industry; through the purchase of stocks in the stock...
Read MoreEn 1960 nacen en Estados Unidos los REIT (Real Estate Investment Trust), con el objetivo de que las inversiones a gran escala en bienes inmuebles fueran accesibles también a los pequeños inversores. La fórmula escogida consistía en equiparar la inversión en productos inmobiliarios a la inversión en cualquier otra industria;...
Read MoreAfter 7 years of real state inactivity in 2014 International Funds came back, transforming Spain into a hot market for commercial property investments again.In 2014, investments in non residential assets of €7 billion almost tripled the investments in 2013. The investors were looking for well-located large shopping centres and office buildings,...
Read MoreInvesting in a Spanish start-up not only has numerous tax advantages, but can also open the doors for the Spanish Golden Visa, ie the residency permit in Spain. A startup company or just emerging company is a term currently used to refer to a business project around ideas that are just...
Read MoreInvertir en una start-up española no sólo tiene numerosas ventajas fiscales, sino que además puede abrirle las puertas para obtener la Spanish Golden Visa, es decir, el permiso de residencia en España. Una compañía startup o, simplemente, compañía emergente, es un término utilizado actualmente para referirse a un proyecto empresarial el cual busca arrancar,...
Read MoreSi aún se pregunta si cumple las condiciones para obtener la "Spanish Golden Visa, le contamos cómo realizar una inversión para obtenerla Una de las maneras de obtener un permiso de residencia en España es obteniendo una Spanish Golden Visa. Para ello debe hacer una inversión en España. Sin embargo, no...
Read MoreIn order to obtain a Spanish Residency permit by means of the Spanish Golden Visa scheme, you must make an investment in Spain. However, not just any investment will do. It must comply with the criteria exposed in the Spanish Entrepreneurial Act of 2013 in order to make you eligible...
Read MoreThe Regulation (EU) No 650/2012 of the European Parliament and of the Council of 4 July 2012 on jurisdiction, applicable law, recognition and enforcement of decisions and acceptance and enforcement of authentic instruments in matters of succession and on the creation of a European Certificate of Succession is applicable from...
Read MoreOn March 30, 2012, the Spanish government announced the 2012 budget. At the same time, the government approved Royal Decree-Law 12/2012, which introduces a number of relevant changes in the corporate tax area, including new limitations on the deductibility of interest expense. Interest-capping rule Following a trend started by other European governments,...
Read MoreThe Spanish Government has approved a special incentive to disclose untaxed cash amounts (black money) at a special 10% rate, without further interest, penalty and/or tax investigations. This will allow residents and non residents alike to bring into the Spanish system any amount of undisclosed cash held anywhere in the world. The...
Read MoreThe Spanish Real Decreto-Ley (Royal Decree-Law) 5/2012, of 5th March, on Civil and Commercial Mediation is already in force. This provision incorporates into Spanish law the Directive 2008/52/EC of the European Parliament and the Council of 21 May 2008 on certain aspects of mediation in civil and commercial matters (just...
Read MoreThe Madrid Regional Administrative Tax Court (known as “TEAR”) in a decision dated 29 November 2011 (notified on 27 December 2011) acknowledges the application of EU Law over previous discriminatory National Law on the treatment of EU resident pension schemes (in this particular case, a UK pension fund). In this...
Read MoreA BRIEF SUMMARY OF THE NEW TAX AND FINANCIAL MEASURES ADOPTED BY THE SPANISH GOVERNMENT On December 30th 2011 the newly elected Spanish government approved Royal Decree 20/2011 enacting a first package of urgent tax and economic measures to correct the Spanish public deficit. Among these measures, international private clients should be...
Read MoreThe rise of Spanish Income Tax to 50% for higher tax payers, coupled with a 27% for interest, dividends and gains above 24k Euros, the increase of Council Tax and the resurrection of Wealth Tax is making Spain inhabitable. Instead of reducing superfluous expenditure in the five layers of administration, i.e...
Read MoreIn 2008 the Spanish Government chose to ‘eliminate’ wealth tax by applying a 100% exemption, instead of derogating the law. On 17 September 2011 the wealth tax was reintroduced by the Spanish Government as an ‘emergency economic measure’. The 100% exemption was changed to a tax free allowance of 700.000€...
Read MoreSpain has signed TIEAs with the following territories: Andorra 23/11/2010, published in the Spanish Gazetter as the Acuerdo entre el Reino de España y el Principado de Andorrapara el intercambio de información en materia fiscal, hecho en Madrid el 14 de enero de 2010. (BOE, 23-noviembre-2010) Netherlands Antilles 24/11/2009, published in the...
Read MoreThe Tax Exchange agreement was published in the Spanish Gazzette the 15/7/2011 As per article 1, the agreement will facilitate that the competent authorities of the Contracting Parties shall provide assistance through exchanging information that is foreseeably relevant to the administration and enforcement of the domestic laws of the Contracting Parties...
Read MoreThe new Socialist candidate for the November 2011 presidential elections, Mr Rubalcaba, proposes to resurrect Wealth Tax. Please see our last posting on this topic at Taxprecision.com Fortunately enough, his chances to win the elections are very limited, plus no other party will support such ridiculous measure. It is unfortunate...
Read MoreThe current Spanish economy will benefit from a clear cooperation with Gibraltar and we advocate for the tax treaty to be signed as soon as possible....
Read MoreThe OECD Council has approved the 2010 versions of the OECD’s Model Tax Convention, the 1995 Transfer Pricing Guidelines and the 2008 Report on the Attribution of Profits to Permanent Establishments....
Read MoreThe Spanish economy is clearly affected by the crisis and it is heading in the right direction....
Read MoreWhat's Going between Gibraltar and Spain? Are they near to sign the Tax Information Exchange Agreement?...
Read MoreThe OECD and the Council of Europe have agreed on an update to an international treaty that aims to help governments enforce their tax laws, as part of the worldwide drive to combat cross-border tax evasion. The update takes the form of a protocol amending the Convention on...
Read MoreExchange of Information treaty signed between Spain and Netherlands back in November 23 and 24 2009, which will remove Aruba and Netherlands Antilles from the Spanish list of tax havens...
Read MoreSpanish Tax changes for 2010 as per approved Budget...
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