Tax advisers of law firm, Arcos & Lamers Asociados, are pleased to write some lines with regards to the history of Spanish Wealth Tax.
The wealth tax in Spain was introduced for the first time in 1978 as by law 50/1977, of 14 November. The same was introduced as urgent measurement for a fiscal reform (B.O.E. of 16 November), developed by the Spanish Ministerial order of 14 January 1978 (BOE 17 January) that established the wealth tax for individuals (IEPPF) had an extraordinary status. Spain was on his initial steps of democracy and the existence of a progressive tax system had to be proven. Read more »
The professional Spanish Accountant of Arcos & Lamers Asociados, Ms. Sara Duarte has the pleasure to set out below some lines with regards Spanish Basic mercantile rules.
All Spanish SL companies are bound to present at the Spanish Mercantile Register, where the last company address was registered, the following documentation for its registration:
The Spanish accountant, Ms. Sara Duarte, has the pleasure to line you out some notes with regards to Spanish Taxes and Fiscal liabilities of a Spanish s.l. company.
When an Spanish SL company has been set up there are certain fiscal requirements in Spain that will need to be fulfilled. Most companies will be required to submit quarterly and annual Tax Return to the Inland Revenue. Below you will find a basic list of the most common Tax Return obligations.
The data from all the Public Employment Services in all the autonomous regions for the month of June show a drop in unemployment of 98,853 on the previous month, in other words a reduction of 2.1%. Total recorded unemployment stands at 4,615,269.
Last month’s reduction is the largest June reduction since records began. By comparison, recorded unemployment fell by 67,858 in 2011. Furthermore, unemployment has fallen for the third month in a row following reductions in April and May 2012.
Recorded unemployment fell in all sectors of the economy except agriculture, where it rose by 1,182 (0.74%). There were 9,970 fewer unemployed in industry (-1.85%), 17,124 fewer in construction (-2.15%) and 52,654 fewer in services (-1.88%). Read more »
THIS fiesta is known worldwide. It’s Pamplona’s biggest event of the year. But do you really know what it’s all about?
Who is San Fermín?
Fermín was, of course, a normal person once. He was the son of the Roman ruler of Pamplona. His father was converted to Catholicism by San Saturino in about 300 AD. Fermín was sent to Toulouse for religious instruction and returned as a bishop.
Why do people wear the red scarf (panuelo) around their necks?
This is related to San Fermín. As a newly consecrated bishop, Fermín began to spread his teachings. He ran into trouble in Amiens in France. He was tortured and beheaded there and became a martyr. The panuelo represents his death, bleeding from the neck. Read more »
An unconventional art contest kicks off tomorrow in which competitors use a natural material to create fleeting – yet astounding – sculptures.
The International Sand Art Competition began on Marbella’s shores on Monday, with 10 artists from around the world working head to head. With the theme of ‘Secrets of the Sea’, the seven-day challenge features artists from Europe and Russia, as well as award-winning Indian sand artist Sudarshan Pattnaik. Read more »
The 80 ex workers at the Don Miguel Hotel in Marbella will finally be paid their wages which are still owed to them eight years after the establishment closed.
An Arab group based in Luxembourg, Fundación Magna Invest, through its Spanish company Magna Hotels and Resorts, has purchased one of the pioneering hotels on the Costa del Sol in its heyday. Now the new owners want to return it to its former glory as luxury 5 star hotel, and the refurbish will take two years.
The 550 room hotel is on a 70,000 square metre plot which includes a large tropical garden. 32 of the rooms are suites, 28 conference rooms, five restaurants, four swimming pools, 15 tennis courts and new spaces for an artificial lake and waterfalls, a spa, and fitness and disco club are all to be added. Read more »
Algeciras Port saw the largest increase in container traffic in 2011 anywhere in the world. The port held 28% more containers than in 2010 at 3.6 million with a total cargo of 28.4 million tons.
Another beneficiary is Málaga Port which has taken a grand part of the business from Tangiers. Málaga saw a freight total up 216.4%, reaching 3.49 million tons.
Both ports have benefited by the increase in container traffic. Read more »
If it seems like you’re still swimming against the tide to find money for your small business, you’re not alone. But there are preparations you can make as a business owner that will increase your chances of getting a loan. ”I want to dispel the myth that there is no money out there for small businesses,” says Aisha Benson, vice president and managing director of Seedco, an alternative finance organization. As part of the America Means Business event in New York this week, Benson spoke to entrepreneurs about what they need to know before approaching a lender for a loan. Read more »
The State Secretary for Budgets and Expenditure, Marta Fernández Currás, confirmed on Tuesday that the standardised State budget to May stands at 2.38% of GDP (compared with 2.56% in 2011), which represents a figure of 2.15 billion euros less than a year ago.
Marta Fernández Currás believes that the Government’s decision to support the liquidity of other public administration services, households and businesses is having a significant effect on the State deficit figure for the first five months of the year, and believes it would be far more appropriate to carry out a comparison with 2011 in standardised terms in order to cater for the earlier application of certain expenditure items for transfers and tax rebates.
The Government continues to make daily efforts “to meet the stability targets, as we consider correcting the deficit to be an essential task”, said the State Secretary for Budgets and Expenditure. Read more »
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