Unless you’re an accountant, the word “accounting” probably strikes fear in your heart — or a little bit of nervousness, at least. For young entrepreneurs, the feeling is probably amplified. After all, poor bookkeeping out of the gate not only can set a project back in the short term, it can really come back to bite you over the long haul. Even young entrepreneurs get audited, you know. Read more »
According to the Spain Government, Ministry of Public Works, data relating to the housing rental market, there are one million eight hundred thousand homes in rental and 3 million of empty homes in Spain.
For the purpose of promoting the housing rental market, several measurements for the flexibility of the Spanish market, according to preliminary draft Spanish law “Anteproyecto de Ley de Medidas de Flexibilización y Fomento del Mercado de Alquiler de Viviendas” 11th May 2012, have been implemented. Read more »
The professional and efficient lawyers and tax advisers of the Spanish law firm Arcos & Lamers Asociados would like to reproduce the definition of “Vivienda habitual” main home residency, as this Firm has been in many occasions approached concerning enquiries with regards to what indeed the Spanish prime tax residency is.
This concept is described at “El Texto Refundido del IRPF” Spanish Income Tax Law. This definition is a relevant issue for other Income Tax purposes. For instance the deduction of re-investment of sale price into another main prime home, that could reduce to the max any Spanish Capital Gain Tax. Read more »
The average number of contributors to the Spanish Social Security System in June rose to above 17 million for the first time this year (17,027,843). This figure represents month-on-month growth of 31,332 (0.18%), which contrasts with the decline of 5,612 recorded by the System in June 2011.
The General Regime posted a month-on-month increase of 68,989 (up 0.68%) and an average number of 13,763,448 contributors.
The most significant increases were seen in Hotel and Catering (29,726 more contributors); Healthcare Activities and Social Services (up 11,574); and Administrative Activities (up 9,224). The largest declines were recorded in the Education sector (down 38,084) following the end of the school year; Construction (down 6,422); and Information and Communication (down 2,040). Read more »
The data from all the Public Employment Services in all the autonomous regions for the month of June show a drop in unemployment of 98,853 on the previous month, in other words a reduction of 2.1%. Total recorded unemployment stands at 4,615,269.
Last month’s reduction is the largest June reduction since records began. By comparison, recorded unemployment fell by 67,858 in 2011. Furthermore, unemployment has fallen for the third month in a row following reductions in April and May 2012.
Recorded unemployment fell in all sectors of the economy except agriculture, where it rose by 1,182 (0.74%). There were 9,970 fewer unemployed in industry (-1.85%), 17,124 fewer in construction (-2.15%) and 52,654 fewer in services (-1.88%). Read more »
SPANISH crooner Julio Iglesias and British comedian Hugh Laurie are among the top international stars set to perform at the Starlite Festival in Marbella.
Last week Iglesias spoke of his undying motivation to make music after 43 years, saying he will rest in 30 years’ time when he is ‘on the other side’.
“If I didn’t sing, what would I do?” the 68-year-old said in Marbella. “I don’t know how to do anything else.” George Benson, Simple Minds, Paul Anka, Tony Bennett and Roger Hodgson from Supertramp will also appear at La Cantera de Naguales from July 13 to August 14. Read more »
The 80 ex workers at the Don Miguel Hotel in Marbella will finally be paid their wages which are still owed to them eight years after the establishment closed.
An Arab group based in Luxembourg, Fundación Magna Invest, through its Spanish company Magna Hotels and Resorts, has purchased one of the pioneering hotels on the Costa del Sol in its heyday. Now the new owners want to return it to its former glory as luxury 5 star hotel, and the refurbish will take two years.
The 550 room hotel is on a 70,000 square metre plot which includes a large tropical garden. 32 of the rooms are suites, 28 conference rooms, five restaurants, four swimming pools, 15 tennis courts and new spaces for an artificial lake and waterfalls, a spa, and fitness and disco club are all to be added. Read more »
Algeciras Port saw the largest increase in container traffic in 2011 anywhere in the world. The port held 28% more containers than in 2010 at 3.6 million with a total cargo of 28.4 million tons.
Another beneficiary is Málaga Port which has taken a grand part of the business from Tangiers. Málaga saw a freight total up 216.4%, reaching 3.49 million tons.
Both ports have benefited by the increase in container traffic. Read more »
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