Spanish tax advisers and economists in Marbella, Málaga, Spain informing on Spanish taxation system.
Advice on Inheritance, calculation of tax liabilities, Spanish Income Tax, company tax and capital gain tax.
FISCAL RESIDENT IN SPAIN.
The tax consultants of the Spanish law firm, Arcos & Lamers Asociados, wish to point out an important detail concerning the Income tax in Spain mentioned at the law 16/2012, of 27th December, establishing several measures aimed to consolidating public finances. This change does affect to the Spanish Income tax rules applicable to financial year 2013 that should be declared in 2014.
Elimination of the deduction for home investment.
Tax advisers in Spain. Tax consultants in Marbella.
The accountants and fiscal advisers of Arcos & Lamers Asociados are pleased to inform you that the Spanish Council of Ministers recently approved to send the Bill to boost e-invoices and set up an accounting register to Parliament. This will allow to put an end to unpaid invoices of suppliers and will expedite payment procedures.
With this future Spanish law, it is expected to reach the following objectives:
Social Security
Arcos & Lamers Asociados, Your registered accountant (economist) in Spain informs on part of royal decree 04/2013. This new Spanish law entitles a reduction on social security costs besides the already mentioned reduction on Spanish company tax and income Tax for individuals.
Do you wish to immigrate to Spain? Do you wish to start a company in Spain? Do you already carry out an activity in Spain? Are you self employed or do you have already a Spanish company?
Please kindly bare in mind the below mentioned positive news appearing on legislation regarding social security costs in Spain.
Do you need a firm to deal with all your Tax, Labour, Mercantile and Accountancy
matters?
Whether you are setting up a new Company or you feel the need to change your present accountants, Arcos & Lamers Asociados would be proud to take over this role.
Setting up a new Spanish Company
If you are setting up a new Company from day one Arcos & Lamers will explain all the Tax and Fiscal obligations your company you will need to fulfil in Spain and will advise you on the best ways to comply with these obligations.
Change of Spanish Accountants
This time, Arcos & Lamers Asociados has the pleasure to inform you on another relevant reduction at the Spanish Tax System, this time, specifically at the Income Tax in Spain for tax residents who start to carry out an economical activity as from 01.01.2013 (I.R.P.F, Impuesto sobre la renta de las personas físicas) as mentioned at 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 at the Spanish Income Tax. Of course, limitations on these reductions have been included as well. The reduction entitles a relevant decrease of 20% of the positive income generated. Congratulations!
Limitations to the mentioned reductions:
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 »
Spanish road tax
Auxi Gutierrez, office manager of multilingual law firm in Marbella, Málaga, Spain is pleased to set out some lines with regards to the Spanish Tax on vehicles (Impuesto sobre vehículos de tracción mecánica IVTM). The tax on vehicles is a local municipally mandatory tax, established in Spain. This settlement of this Spanish tax is handled directly by the corresponding Town hall where cars and motorbikes are registered.
The IVTM is a Spanish tax on the ownership of motor vehicles, suitable for use on public roads.
How is this tax regulated in Spain?
You will find the regulation of this Spanish Tax in the revised Regulation Act Local Taxation (Royal Legislative Decree 2/2001 of March 5).
This tax would be applicable for all vehicles with Spanish plates except for those mentioned below Read more »
After having produced weekly original posts on our blog we thought it was time to write some lines with regards to the accountancy and tax areas that our firm, Arcos & Lamers Asociados, have been specializing in.
Are you seeking for an English spoken partner who will professionally take care of the book-keeping of your activity in Spain? An English spoken accountant registered in Spain who will assist you following Spanish accountancy and tax rules?
The professionals of Arcos & Lamers Asociados will be pleased to assist you in any Spanish accountancy and tax advise you and your business may require. We provide monthly, quarterly and yearly reports to our clients fulfilling Spanish Law and tailored to the needs of our clients. Read more »
The below mentioned summary on the new Decree 2/2012 of 10 January, which regulates the regimen about the existing buildings and settlements over undeveloped land in the Autonomous Community of Andalusia (entered into force onFebruary 29, 2012), has been issued by the lawyer Mr. Félix Ruiz, Spanish solicitor and proffesional of the Spanish law firm Arcos & Lamers Asociados in Marbella.
This Spanish law approved by the regional Andalucía government does not pursue the so called “urban amnesty” (“amnistía fiscal”) for those buildings that somehow are in a irregular situation within the Andalucía non developed land. But just the opposite. The Decree far from giving sense to this situation, provokes new questions and increases the already chaotic regulatory about the rustic land in Andalucía. Read more »
The last month of July, the President of the Spanish Government , Mariano Rajoy, announced that the general rate of VAT will increase (up to now, 18%) three points, up to 21%; the reduced type will increase two points (from 8% to 10%) and the super-reduce type a 4 % will be maintained. Read more »
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