Getting a VAT number in Spain
Posted onForeign business selling to Spanish customers need a VAT number in Spain in two cases: if they store goods in Spain or if they are doing distance sales in excess of 35,000 Euro . In […]
Read MoreSpanish residence for wealthy people
Posted onThe Government will facilitate and expedite the granting of residence permits to foreigners who conducted real estate purchases above € 500,000, compared with 160,000 euros announced at first. In the press conference after the Council […]
Read MoreSpanish exit tax declared contrary to the EU Treaty
Posted onIn a landmark decision, the European Court of Justice has declared that the Spanish exit tax, at it is currently constructed, is contrary to the EU Treaty. Under Spanish corporate taxation law, unrealised capital gains […]
Read MoreExemption on the sale of a permanent residence
Posted onAccording to a recent press release of the European Commission, it has decided to refer Spain to the EU’s Court of Justice for discriminatory real estate tax rules that prevent non-residents from enjoying the same tax benefits as […]
Read MoreFloor clauses on Spanish mortgages declared void by the Suprem Court
Posted on“Floor clauses”, conditions of variable rate mortgages that prevented interest rates going down below a certain level (i.e. 3 %) while the benchmark (in the vast majority of cases, the Euribor) did, are null “in […]
Read MoreIndebted Spanish home owners may get some relief
Posted onThe Court of Justice of the European Union(“ECJ”) in its judgment of 14 March 2013 (C-451/11), has determined the breach by the Spanish law of Directive 93/13/EEC of 5 April 1993, because, on the one […]
Read MoreSpanish Inheritance Tax
Posted onThe inheritance Tax in Spain, also called Estate Tax, is one of the main concerns of aliens buying properties in Spain. And for good reasons. This post explains the main features of the Spanish Inheritance […]
Read MoreNew tax and social security measures
Posted onThe Spanish Government has recently approved a battery of measures to enhance the business activity by reducing the tax cost and social security contributions associated to new ventures. One of the most relevant measures […]
Read MoreInterest on related party debt disallowed for tax purposes
Posted onInterest on related – party debt would be disallowed for tax purposes when the funds borrowed are used to finance investments in other group companies (contributions to capital) or to internal acquisitions (i.e. acquire […]
Read MoreSpanish holding companies: restrictions to the deduction of certain expenses
Posted onThe recent developments in the Spanish Corporation Tax have hit several features of Spanish holding companies that made them one of the most useful in internationa tax planning. The most important legal change is the […]
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