Measures to avoid double taxation
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Measures to avoid double taxation

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These measures aim to avoid both so-called legal and financial double taxation. Legal double taxation occurs when the income of a single taxpayer is taxed in two different countries. Financial double taxation occurs when the same income is taxed by two different taxpayers in two different countries(international double taxation) or in the same country (national…

Beckham Law: Form 151
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Beckham Law: Form 151

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Beckham Law is the tax for non-residents that apply only to income earned in Spain, not to world income. This option applies to the year of resettlement and the 5 following years, provided a number of other conditions are met. This law intends to attract highly skilled professionals from abroad through tax benefits. In this…

Transfer Pricing Rules Under European Law
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Transfer Pricing Rules Under European Law

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Transfer pricing comes into play for transactions within multinational companies. Transfer prices are the prices charged for intra-group transactions (e.g. supplies of goods and services) between individual affiliated enterprises established in different countries. Since the prices are set by dependent partners within the group, it is, of course, possible that these prices do not reflect…

New deadlines for annual accounts of commercial companies
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New deadlines for annual accounts of commercial companies

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New modification of the deadlines for formulating and approving the annual accounts of commercial companies from 1 June 2020. Royal Decree-Law 19/2020, of 26 May, which adopts supplementary measures in the agricultural, scientific, economic, employment and social security and tax fields to palliate the effects of COVID-19, published in the Official State Spanish Gazette (BOE)…

Tax Bases For Non-Residents
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Tax Bases For Non-Residents

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…

Taxes When Buying And Selling Real Estate In Spain
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Taxes When Buying And Selling Real Estate In Spain

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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…