The Spanish Government published a draft law imposing a tax on digital services in Spain, thereby initiating a formal parliamentary procedure to introduce this measure. The goal of this law is to avoid unfair competition with traditional businesses. ContentsTo whom it will apply?Information to submitPurpose vs. practice To whom it will apply? The proposed tax…
On the occasion of the crisis produced by the COVID-19, last Friday the Royal Decree-Law 7/2020 of 12 March was published in the BOE and today the Royal Decree-Law 8/2020 has been published. Of the set of measures approved, the measures of a tax, labor and social security, commercial and financial nature affecting the development…
Insolvency refers to the state of a company or a private individual in which it is no longer able to settle outstanding payments because its expenses can no longer be covered by its income. This can be caused by, for example, bad investments, incorrectly assessed business risk or errors in the price calculation. But also…
Urgent measures responding to the economic impact of COVID-19 / Coronavirus have been published in the BOE today, through Royal Decree-Law 7/2020, of 12th March. In the tax field, the measures approved, for the moment, are: They are exclusively applied for companies with a volume of operations not exceeding 6,010,121.04 Euros in 2019. They apply…
Non-residents of Spain are generally taxed on their world income in their country of residence and pay taxes in Spain only in respect of assets located here. The ownership of real estate plays a particularly important role here, as it affects both income tax and real estate tax. In order to be able to carry…
Buying real estate property in Spain can be a profitable way to invest money sustainably. For this reason, the purchase of a property can be seen purely as a financial investment. But also the acquisition of a profitable object as a holiday home or temporary residence. If you are thinking about buying or selling a…
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