COMPANY TAX IN SPAIN
What does the Company Tax in Spain entitle?
The Spanish Constitution of December 27, 1978, provides in Article 31 that we all should contribute to the maintenance of public expenditure according to our economic capacity.
One of the most direct definition of “economic capacity” of a person is the total income that is perceived, measured over a period of time. When income is obtained by individuals, the Spanish tax system does called Spanish Income Tax (IRPF- Impuesto sobre la renta de las personas físicas).
However, if the income is generated by a legal entity (company, association, foundation, etc..), than instead of Income tax we would call it Company Tax (I.S. Impuestos sobre sociedades). In this sense, the company tax in Spain is complementary to the Income Tax of Individuals. Read more »
Accountant in Spain
Accountants in Spain.
Spanish multi-lingual proactive law firm, Arcos & Lamers Asociados, has recently launched, in addition to our weekly posts at our blog, a new micro web under the title “Accountants in Spain” providing deep going information on the Spanish Tax system, Spanish accountancy rules and tax advice that our firm provides to Spanish and north European communities, individuals and companies in Spain. Please find below a summary of the different areas we have taken into account providing answers to inquiries that our firm receives on a daily basis. Read more »
COMPANY TAX IN SPAIN
It took a long time but the good news for companies in Spain has appeared! The Multilingual Spanish registered accountants (economists) and tax advisers in Marbella of Arcos & Lamers Asociados have the pleasure to inform you on a relevant reduction on Spanish Company Tax down to 15% as per publication of Spanish Law 04/2013 of 22nd February, which is meant to improve and increase Spanish economy. Specifically chapter two of the mentioned law is including relevant reductions in the Spanish tax system. Of course, limitations on these reductions have been mentioned as well.
Are you willing to start an activity in Spain! As from 01.01.2013 you should bare in mind the following amendments at the Spanish tax system. Contact the registered tax lawyers in Spain and accountants in Marbella of Arcos & Lamers Asociados now for any additional information or clarifications!. Read more »
If you are thinking in opening a branch of your Company in Spain, please note that you should take into account the following actions to be taken. María Teresa Arcos, English speaking leading lawyer in Spain is kindly informing you:
1).- The Directors of your Company must approve an agreement stating the setting up of the branch in Spain, as well as appointing a legal representative who shall be resident in Spain.
2).- The mentioned agreement for the setting up of the branch, appointment of the representative in Spain and By Laws for the company, will have to be legalised and translated into Spanish by a Sworn translator.
3).-The social capital approved by the Mother Company will have to be deposited in Spain, when the branch counts with capital endowment.
4).- The legal representative in Spain will grant the Constitution of Company Title Deed in front of a Spanish Notary, which will include the following documentation: Read more »
The Minister for the Treasury and Public Administration Services, Cristóbal Montoro, stated on Monday in the Upper House, that faced with a critical and crucial period for the Spanish and European economy, “more Europe, more Euro, more structural reforms and more budgetary stability are the path to exit the crisis”, together with “adequate financing as a result of European integration, through the ECB, which must respond with firmness and consistency to the pressures of the markets which are still trying to create barriers to the development of the common project that is the Euro”. Read more »
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