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Accounting | Tax | HR | LegalOverview of Transfer of Assets Tax in Spain (ITP)
Transfer of Assets Tax in Spain (ITP) is paid when a person acquires property. It is payable to the Autonomous Community where the property is located. Each Autonomous Community sets their own tax rates and provides fiscal valuations for property, but the actual property value can be declared.
A Guide to Buying Property in Spain
Spain´s strong property market makes it a good destination for property investors and expatriates. There are a series of steps to be taken when buying property in Spain as a foreigner as well as several costs associated with property purchases which merit consideration.
Cloud Computing Taxation: Concerns Regarding Value-Added Tax
Cloud Computing Taxation: Cloud Computing refers to internet transactions hosted by a network of remote servers, in contrast with transactions managed by a local server or personal computer.
Pregnant women can be included in a collective redundancy in Spain
It must be considered that current legislation protects pregnant workers from redundancy, and the employer must prove that the redundancy is not due to any reason related to the pregnancy, since if they cannot prove it, the redundancy would be considered null and void, and when the worker claims that she has been discriminated against because of her situation, the burden of proof will be reversed and the employer must prove that there are other reasons unrelated to her pregnancy.
Processing of sick leave in Spain
In Spanish companies, workers may sometimes be given sick leave due to illness or an accident (sick leave in Spain). Temporary Incapacity (known by the initials IT in Spanish) is the name given to a situation that prevents a person from working for a certain period of time.
Maternity and paternity leave in Spain
Important events have arisen during 2018 regarding maternity and paternity leave in Spain.
Non-Profit Organisation – tax directive for taxation of services for tax non-residents, determination of the place where provided
Services provided to a non-profit organisation not registered for tax purposes in its home country, owing to its not being required to do so, are deemed to be within the area subject to Spanish taxation.
Form 349: Declaring Intra-community Transactions in Spain
Form 349 is a disclosure statement in which both natural persons and companies are required to provide details of intra-community transactions in Spain during the corresponding period.
Hiring incentives in Spain
For many companies in Spain, it is important to ensure that the budget is able to accommodate the cost of the new employee upon his/her recruitment into the workforce. This means that the recruitment of the new employee, fundamental though it may be for the company, is often delayed. On this basis, whenever a new employee is recruited into the workforce, it is important to bear in mind the many hiring incentives in Spain that currently exist as they may enable the company to make significant savings.
Paid leave in Spain
Employees often enquire about whether they are entitled to leave from work for one reason or another and one may be unsure if they are entitled to the leave on the requested grounds. Legislation provides that all employees in Spain are entitled to leave from their place of work on justified grounds and for a fixed period of time, with a right to pay (paid leave in Spain).