Let’s take a look at VAT or ‘IVA’ rates in Spain and to what they apply. Despite the fact that the government, in an attempt to confront the Spanish economic crisis, increased Spanish VAT in 2012 by 3 points, the tax rates still remains lower than the European average of 21.13%. Read more
When you choose to relocate your company or start up a business abroad, there are a number of factors you will need to take into account in terms of how different countries, and more specifically different cultures, function. This could involve differences in tax, accounting, management etc. However, what about considering the inevitable challenge of managing diversity of cultures within your office? Read more
Real estate investment is an attractive one for many reasons. Matthias Naumann reveals why Spain, more specifically Madrid, provides a great location in which to do so. Read more
One of the first requirements for starting a company in Spain is opening a bank account. However, regardless of whether you are an entrepreneur or not, you may want to open a bank account to keep control of your finances. It can be difficult to know which bank to go to and how best to go about opening an account. Click more to find out our best tips. Read more
All About Intra Community VAT
This Tax number and system can sometimes be a little tricky to fully understand properly. Here is a short summary on what is it, how it applies and to whom it applies.
If you are an English entrepreneur in Spain, your company falls under foreign, and often difficult to understand, laws. Read on to find out how to pay your personal income tax according to these regulations, how to calculate it, when to pay it and of course, how best to anticipate this amount.
Spanish taxation and rates change annually. The government adjusts its tax policy every year according to the state of the country’s economy, to the competition with other countries, to currency etc. Therefore, the tax rate can change a few percentage points from one year to the next. The difference is minimal in terms of the numbers themselves but from the taxpayer’s point of view or from a business perspective, the financial difference can be significant.
Since the dramatic drop in housing prices in Spain in 2008, it’s hardly surprising that so many foreigners are keen to invest in Spanish real estate. Why not invest in a 3 bed, beach-facing villa in Valencia rather than that minuscule London studio you were previously considering?
If you do decide to purchase a property and invest in Spain, be sure to follow these vital steps for completing your transaction without any problems or hassle.