VAT compliance of online selling through Amazon and other platforms

Posted on Posted in Publications, Tax

Online selling through Amazon, EBay and other similar online platforms have become a populated business. One of the most interesting features of this business is that it allows selling to other countries (technically, other tax jurisdictions) effortless and efficiently. Amazon can even take over all the logistics involved (from storage, advertising, order handling, packing, delivery, […]

Tax rates in Spain for 2016

Posted on Posted in Publications, Tax, VAT

For the tax year 2016, as usual, the tax rates applicable to individuals (Personal Income Tax) and companies (Corporation Income Tax) have been reduced Starting by the Corporation Income Tax, the new general tax rate is 25 %. However, for new startups the tax rate is reduced to 12, 5 % for the first two […]

The new VAT rules applicable to telecommunication, broadcasting and electronic services

Posted on Posted in Publications, Tax, VAT

Background: a big change on the VAT rules applicable to telecommunication, broadcasting and electronic services On January 1st, 2015 the VAT rules applicable to telecommunication, broadcasting and electronic services will be changed. As from that date, such services will always be taxable in the Member State where the recipient of such services is located. This […]

New VAT cash regime in Spain

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A new Value Added Tax (“VAT”), special regime has been introduced. This new VAT cash regime would be applicable to tax payers whose turnover during the previous calendar year did not exceed 2,000,000 euros. According to this new tax scheme the tax shall be payable at the time of the total or partial payment of the price […]

VAT compliance in Spain

Posted on Posted in Publications, Tax, Uncategorized

The main obligations of a business operating in Spain relate to VAT, Corporation Tax and Withholding Tax. This article deals with the compliance obligations regarding Value Added Tax (“VAT”). In Spain business must file monthly or quarterly VAT returns depending on their size. Small and medium size business (turnover the previous year below EUR 6 Millions) […]