Nominee Directors in Spain

Posted on Posted in Company Law, Tax

We are frequently asked if nominee shareholders and Directors are allowed in Spain. This is a complex issue, since fiduciary arrangements are frequently viewed with suspicious by the authorities and not only by them, but also by other private subjects which intervene in the business world, like banks, notaries and the like. The main reason […]

Foreign assets disclosure in Spain

Posted on Posted in Tax

Foreign assets classes to be reported In Spain, like in most developed countries, resident tax payers must report every year to the Tax Office about three different assets classed located abroad: Foreign bank accounts, regardless the currency Financial assets, like stocks, mutual funds, ETF’s, securities, insurance policies, endowments, Pension Funds, and similar investments Foreign real […]

Tax treaties of Spain

Posted on Posted in Publications, Tax

Spain has a broad network of Tax Treaties. As the date of this post, the list of Tax Treaties is the following:   Spain Tax Treaty Network Albania East Timor Kuwait Saudi Arabia Algeria Ecuador Kyrgyzstan Senegal Andorra Egypt Latvia Serbia Argentina El Salvador Lithuania Singapore Armenia Estonia Luxembourg Slovakia Australia Finland Macedonia Slovenia Austria […]

Exemption versus foreign tax credit relief

Posted on Posted in Publications, Tax

How to avoid double taxation on foreign source dividends In Spain, double taxation of foreign source dividends can be avoided by the two classic system: the participation exemption or the foreign tax credit relief (i.e. the imputation system). The exemption system is applicable under certain conditions, namely, a participation in the foreign subsidiary of, at […]