Article 14.1 c) of the Spanish Non-Resident Income Tax Law regulates the exemption of interest and other income obtained from the transfer of capital to third parties, as well as capital gains derived from personal property, with certain exceptions, provided that such income is obtained without the intermediation of a permanent establishment by residents of another Member State of the European Union (EU) or by permanent establishments of such residents located in another Member State of the EU.
Presentación informativa sobre los siguientes puntos:
- Gravar las operaciones realizadas por empresarios o profesionales
- Canarias, Ceuta y Melilla excluidas del territorio de aplicación
- Impuesto / Anti-impuesto?
- Indirecto (¿?) Grava el consumo
- Armonizado (¿?)
- Rentable para el Tesoro Público
- Arriesgado si se hace mal para ambas partes
- Neutral (¿?)
In line with the draft amendment to the Spanish National Chart of Accounts (CoA) and additional legislation published by the Spanish Accounting and Auditing Institute – Instituto de Contabilidad y Auditoría de Cuentas (ICAC) – in October 2018, the amendment to the Chart of Accounts and its additional legislation is finally approved by Royal Decree 1/2021 of January 12.Continue reading “Royal Decree 1/2021, of January 12, which amends the Spanish National Chart of Accounts (CoA) and additional legislation, in accordance with international accounting standards.”
The exit of the United Kingdom from the European Union, also known as BREXIT, brings with it several tax consequences in Spain. As a summary, from the L&K team, we would like to compile those that we consider most relevant for our clients.Continue reading “The exit of the United Kingdom from the European Union (BREXIT)”
Ponencia IVA servicios telecomunicaciones
Servicios que tienen por objeto la transmisión, emisión y recepción de señales, textos, imágenes y sonidos o información de cualquier naturaleza por hilo, radio, medios ópticos u otros medios electromagnéticos, incluyendo la cesión o concesión de un derecho al uso para la transmisión, emisión o recepción e, igualmente, la provisión de acceso a redes informáticas…
SALES TAX IMPLICATIONS OF WORKS CONTRACTS
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In Spain, the Inheritance and Donations Tax (known by its abbreviation in Spanish as ISD) is a direct, personal and state tax that charges the acquisitions by natural persons in case of inheritance, life insurance benefit and donation. However, the State transfers to the Autonomous Regions diverse competences with regard to these taxes and that causes significant taxation differences depending on the relevant region.
For this reason, the ISD has become a recurrent mechanism for Autonomous Regions in order to attract taxpayers, applying different tax advantages to those residing on their respective territories. The determination of the relevant applicable regulations depends on what is called “the point of connection”.
MBA University Carlos III Madrid. International VAT