In 2015 the European Union introduced regulations enabling EU citizens living in Spain to nominate their home laws or Spanish laws to apply to their estate. It refers to the inheritance tax in Spain as well.
The increase in personal electronic data in Spain necessitates tax authorities to improve the processes of protecting taxpayer’s interest in their personal data and right to access it.
Law 39/2015 of the Common Administrative Procedure of Public Administration regulates electronic notifications in Spain.
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.
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: 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.