Tag Archives: EU

Reporting / Auditing Requirements:

Requirements exist to file return by Resident and non Residents individuals and corporations: Individuals: a. Taxes on Resident individuals : Tax Returns i. Income Tax –and Gains tax – annually ii. Wealth Tax – annually ii. Assets owned outside Spain– annually … Continue reading

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Property Transfer Tax (Stamp Duty)

Real estate transfers that are not liable for VAT are usually liable to transfer tax on a rising scale starting at 8 per cent and rising to 10 per cent on the consideration exceeding EUR700,000 (except where the property is … Continue reading

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Corporation Tax

Residents: The mainstream corporation tax rate is 30 per cent, applying both to profits and capital gains. For small companies (turnover less than EUR8 million) a rate of 25 per cent applies to the first EUR120,202 and 30 per cent to … Continue reading

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Spain ‘must follow EU law’ on Gibraltar border checks

Spain ‘must follow EU law’ on Gibraltar border checks Spanish checks at the border with Gibraltar must “fully respect EU law and remain proportionate”, the European Commission has said. Tensions have escalated after increased vehicle searches caused major delays for … Continue reading

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Professional Clients

Since Spain joined the EU the volume of Anglo/Spanish commerce has increased significantly. Most professional advisers will receive instructions from time to time on cases involving Spain and will be all too familiar with the difficulties of obtaining prompt, reliable … Continue reading

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