17 Jan 2021

The publication of Law 11/2020 in Spain has introduced the following modifications for the year 2021: INCOME TAX A new tax bracket of 24,5% is added to general tax tables for Annual Income Tax, which will be applied to a taxable based income that exceeds € 300.000. A new bracket is introduced for withholding tax […]

07 Jun 2019

Finally the European Commission have annouced yesterday 6.6.2019 that they are referring Spain to the Court of Justice for the EU for imposing disproportionate sanctions on those taxpayers who fail to report their assets abroad. Since 2012, taxpayers have had to report their assets outside of Spain including property, bank accounts and financial assets. Severe […]

22 Oct 2018

Can I Deduct My Vehicle Expenses? If you want to claim for a vehicle through your business, then be aware that the Tax Authorities are very stringent when it comes to claiming the expenses (depreciation, repairs, fuel, insurance, parking etc.).  Exclusive use is compulsory with no allowance for personal use, which is very difficult to […]