Spanish Tax residence and nationality

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Living in Madrid

This 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...

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Sociedades inmobiliarias de inversión: ventajas fiscales y residencia española

En 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;...

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Invierta en una start up y obtenga la Spanish Golden Visa

Invertir 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,...

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Significant Tax Changes Announced in Spain 2012 Budget

On 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,...

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Spain – Regional Administrative Tax Court Acknowledges the Application of EU Law over Previous Discriminatory National Law

The 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...

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NEW TAX AND FINANCIAL MEASURES ADOPTED BY THE SPANISH GOVERNMENT

A 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...

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BRIEF SUMMARY ON THE RETURN OF SPANISH WEALTH TAX FOR 2011 AND 2012

In 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€...

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Tax Agreement between Kingdom of Spain and the Commonwealth of the Bahamas

The 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...

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2010 OECD Model Tax Convention, Transfer Pricing and updated PE definition

The 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....

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