Tax advisers in Spain. Tax consultants in Marbella.
The accountants and fiscal advisers of Arcos & Lamers Asociados are pleased to inform you that the Spanish Council of Ministers recently approved to send the Bill to boost e-invoices and set up an accounting register to Parliament. This will allow to put an end to unpaid invoices of suppliers and will expedite payment procedures.
With this future Spanish law, it is expected to reach the following objectives:
- To boost the use of e-invoices both in the public and private sector.
- Suppliers will be more protected in their commercial relations with the Public Administration.
- The Administration will have a major control of the invoices in relation to their accountancy.
It is expected that the implementation of the e-invoices will lead to an annual net savings of 51 million compared to the 2.3 million of savings when dealing with the usual invoices on paper.
What does this mean for suppliers?
Suppliers will present the invoices in a digital way on a general access site for e-invoices that each Government must possess.
This will reinforce the protection of suppliers because in this way, they can give proof of the date of the invoice for the purposes of interest in case of delay in the payments of the invoices. This will also expedite the invoices procedures and will make any follow-up easier.
All invoices will have a structured format which has not been determined yet.
As from 15th January 2015, the e-invoice will be obligatory for those persons or entities that are obliged to the digital taxation system in accordance with the current tax regulation.
Nevertheless, Spanish Public Administrations may exclude from this obligation all invoices for an amount of less than five thousand Euros.
Do not hesitate to contact our professional lawyers and economists of our law firm Arcos & Lamers Asociados if you wish to obtain more information on the “E-invoices”, as well as for all your Spanish fiscal, accounting, tax and legal inquiries.
María Teresa Arcos, lawyer in Marbella.
Wim Lamers, Economist in Marbella.
Marbella, august 2013.
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MULTIMEDIA SECTION AND LITIGATION SERVICES AT ARCOS & LAMERSASOCIADOS AND CHANGES OF SPANISH TAX LEGAL LAWS.
Our firm, always providing the best service to our clients and as a confirmation that we are in constant adaptation to new technologies, is pleased to invite you to visit the recent created multimedia section of or web site where you can view a brand new original presentation on litigation services.
Dutch: http://www.arcos-lamersasociados.com/nl/multimedia/
English: http://www.arcos-lamersasociados.com/multimedia/
French: http://www.arcos-lamersasociados.com/fr/multimedia/
Spanish: http://www.arcos-lamersasociados.com/es/multimedia/
In addition do not forget to follow our weekly posts that are appearing at our blog as at the same post are appearing in 4 different languages informing on relevant Spanish Tax legislation to take into account:
For example, the new reporting obligations on assets hold out of Spain: http://www.arcos-lamersasociados.com/983/accountant-in-spain-informing-on-spanish-tax-delaration-720/ Do not hesitate to contact one of the professional ofArcos & Lamers Asociados if you believe it applies to you, professionally and/or personally wise.
Increase of Capital Gain Tax: http://www.arcos-lamersasociados.com/943/spanish-capital-gain-tax-increase-for-the-year-2013/
Less tax deductions at Spanish Income Tax: http://www.arcos-lamersasociados.com/998/no-more-tax-reduction-for-investment-in-a-permanent-residence-in-spain/
Major developments with implication in Social matters
Tax Fraud and Social Security
- Article 305 of the criminal law: Fraud to the Inland Revenue: Fraud to the Inland Revenue for the non payment of taxes, amounts retained o which should have been retained or payments on account, as long as the amount exceeds one hundred and twenty thousands €uros. Imprisonment from one to five years and fines up to six times the amount due.
- Article 307 of the criminal law: Fraud to the Social Security: Fraud to the Social Security for the non payments of Social Security Contributions, obtaining benefits without the right to do so, as long as the amount exceeds fifty thousands €uros. Imprisonment from one to five years and fines up to six times the amount due.
Our firm has learned that on the latest Labour inspections many companies which had debts towards the Social Security, regardless the amount, have initially been fined with 3.000,00 €uros.
Please do not hesitate to contact us in the event you need any additional information or clarification.
Arcos & Lamers Asociados, lawyers in Spain, Solicitors in Spain, Tax advisers in Spain, Accountants in Spain.
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Spanish Chamber of Commerce
As per English speaking efficient accountant in Marbella, Ms. Sara Duarte Davison, the Spanish Chamber of Commerce is a Public Right Corporation which is legally bound as an advisory body and collaborator with all the Public Authorities and its main aim is to represent, promote and defend the general interest of the Spanish Trade, Industry and Navigation as well as to provide their services to businesses which are engaged in the above activities.Each local Spanish Chamber tries to collaborate with the local businesses by providing them with information and guidance to enable them to improve, grow and support the export of products amongst other services.
By Spanish law all self-employed entrepreneurs and businesses have to settle an annual fee which is linked to the IAE (Business Activity Tax- Impuesto sobre Actividades Económicas). The opposition from some taxpayers to the compulsory member’s fee grew as many entrepreneurs felt that they were not obtaining any benefit from the Chamber and strongly suggested for the membership to be voluntary.
On the 3rd of December 2010 it was published at the Official Spanish State Gazette the RD Law 13/2010 which modified the previous Law 3/1993 stating that the membership to the Chamber of Commerce will be voluntary and therefore also its fees.
It was published by the Chamber of Commerce that there would be a transitional period of two years during which the businesses remained subject to the fulfilment of the tax obligation with the Chamber, and according to the rules in forced; the Chamber will keep its legal obligation to collect the fees.
Finally, 2012 should be the last year where the membership should be compulsory for all self-employed entrepreneurs and businesses and this will have the right to stop being members. This move, on the other hand will favour that the Chamber of Commerce will improve to keep its members by providing them with stronger support.
Please do note hesitate to contact the professional English speaking Spanish accountants and Tax advisers of Arcos & Lamers Asociados. Your Spanish lawyer and Accountant in Marbella under one roof.
Additional information on Accountancy and Tax services of this Spanish law firm settled in Marbella:
TAX LAW: TAX AND ACCOUNTING ADVICE
CORPORATE LAW, TRADE COMPANIES
Sara Duarte Davison, English Speaking Accountant in Marbella, Spain.
Marbella, January 2013
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FOREGIN CITIZEN, WITH PERMANENT ADDRESS IN ANDALUCIA.
If you wish to match your situation as partners with those linked by marriage, it is a requirement to be registered as “registered partnership (pareja de hecho)” at “Registro de Parejas de Hecho” in Andalucia.
In this way, you will benefit, among others, on regional Spanish fiscal and tax regulations, specially the Inheritance Tax in Spain.
The Spanish law firm, Arcos & Lamers Asociados, Spanish Inheritance Tax experts specialized in Spanish Inheritance, has the pleasure to inform you on the following.
In order to be part of the aforementioned register, couples must prove the following:
• Personal identification, civil status and legal age.
• Not be disabled by a court.
• Not be bound by marriage.
• To have permanent residence, at least one of the members, in any municipality of Andalucia.
• Not be relatives in a straight line by consanguinity in second grade.
• Statement of will to become registered partners.
How to calculate the Spanish Inheritance and Donation Tax in the case of not being registered as “pareja de hecho?
Tax lawyer in Marbella, Ms. María Teresa Arcos Morales, is going to analyse a specific Spanish Inheritance case, taking into account the following issues:
- There is no family relationship with the person who died.
- Value of the estate of Euros 500,000.
- 100% of the property is inherited, as it was only registered in the name of the deceased.
- The pre-existing wealth does not exceed Euros 402.678,11.
The Spanish Inheritance tax is progressive, so that the quota to be settled is obtained taking into account the value of the Spanish property, as follows
• In the event of non registered partnership.
Up to euros. Quota euros.
398.777,54 80.655,08
101.222,46 Balance 32.138,13
112.793,21 EUROS
As there is no family relationship between the deceased and the heir, the quota is multiplied by 200%, leaving a total Spanish Inheritance Tax of 225.586,42 EUROS.
• In the event of registered partnership.
First, it is applicable a reduction of 15.956,87 euros on the taxable amount, as the situation is equated to the spouses.
Up to euros. Quota euros.
398.777,54 80.655,08
85.265,59 Resto 27.071,82
107.726,90 EUROS
Second, the quota is not multiplied by 200% but by 1,therefore the total Spanish Inheritance tax would be of 107.726,90 EUROS.
In this way, registered partners are comparable to spouses, which means that you can benefit from regional Spanish fiscal and tax regulations.
For any questions, please do not hesitate to get in touch with us, ARCOS AND LAMERS ASOCIADOS, Spanish lawyers and economists on the Costa del Sol, experts on tax matters.
In addition to the above, twe would like to mention that the legal team of Arcos & Lamers Asociados offers the best solutions for your Spanish Will and state planning providing efficient advice on Spanish Inheritance procedures.
Do not hesitate to contact us and we will explain why you should have a Spanish Will to avoid the problems that can arise if you do not have one.
María Teresa Arcos Morales, Spanish tax lawyer in Marbella, Málaga, Costa del Sol Spain.
More information on this subject can be obtained at: INHERITANCE, WILLS AND SUCCESSION
Marbella, November, 2012.
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Tax advisers of law firm, Arcos & Lamers Asociados, are pleased to write some lines with regards to the history of Spanish Wealth Tax.
The wealth tax in Spain was introduced for the first time in 1978 as by law 50/1977, of 14 November. The same was introduced as urgent measurement for a fiscal reform (B.O.E. of 16 November), developed by the Spanish Ministerial order of 14 January 1978 (BOE 17 January) that established the wealth tax for individuals (IEPPF) had an extraordinary status. Spain was on his initial steps of democracy and the existence of a progressive tax system had to be proven.
Initially this wealth tax was not introduced for collecting additional taxes only as a high minimum asset value was exempt (4.000.000 pesetas of the time) and, in addition, there was a relevant overall reduction (6 M de pesetas). The tax rate was relatively small, with a maximum of 2%. The target of this Spanish Wealth Tax was basically for controlling Spanish assets purposes being this complementary to the Spanish Income tax. In fact, as mentioned by statistics, few people were declaring, in those times, this tax in Spain.
In addition, this initial wealth tax had a extraordinary character. It took many years that this “extraordinary status” was taken away.
The first important change occurred in 1988, introduced by the changes at the personal income tax to suit the requirement of individual taxation established by judgement of the Spanish Constitutional Court (S.T.C. No. 45/1989, of 20 February).
With the amendments of Spanish personal income tax in 1991 also appeared a change in the wealth tax, Spanish law 19/1991 of June 6, (BOE, June 7), a set of relevant amendments on previous regulations, some related to the incorporated in the law 18/1991, concerning the Spanish income tax as well as the individualization of the same.
And so we came up to year 2007, which was the last in which this tax was paid in present times. Spain lived a time of rapid and sustained economic growth.. Starting financial year 2008, the Spanish wealth tax was not “deleted” but a bonus of 100% was introduced in the Law. Meaning this that no wealth tax had to be declared any more. This drastic change was mainly introduced as by the pressures from what was happening in the European tax environment.
Nevertheless, the economic crisis and the lack of funds of the Spanish Inland Revenue, reactivated the wealth tax from exercise 2011 (payable in 2012), although it was promised by law that this tax would only affect the fiscal years 2011 and 2012 (Single article Royal Decree-Law 13/2011 of September 16,2011) that was reinforcing the wealth tax in Spain.
In this situation we find ourselves in today, but all indications are that these promises will turn into false by adjustments to be carried out and, apparently, the Presupuestos Generales del Estado ( The Spanish State General Budgets) for 2013, which just arrived at the Spanish Parliament the past 29 September, extended the wealth tax, who knows if even for future periods.
Please do not hesitate to contact Arcos & Lamers Asociados in the event you own already a property in Spain and/or you wish to learn more on your Tax Liabilities in Spain. Arcos & Lamers Asociados is an English speaking law firm that entitles lawyers, tax advisers and registered accountants and economists. Arcos & Lamers Asociados, your wealth tax specialists in Spain. Accountants in Spain. Spanish accountants.
Telf:+34952775010 /Fax:+34952900577
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Elections in Galicia, Spain. Spanish elections.
The conservative party of Spanish Prime Minister Mariano Rajoy has hailed the result of electoral victory in the north-western region of Galicia as an endorsement of its national austerity programme.
The People’s Party increased its majority in the Galician assembly in regional elections on Sunday that had been billed as a referendum on the government’s first 11 months in office during which it introduced stringent austerity measures, tax hikes and public sector cuts.
“The steps, that we have explained had to be taken to resolve the crisis, have had overwhelming support,” Carlos Floriano, the party campaign chief claimed in an interview with state radio, Monday. “There is no precedent in this crisis situation of a government not just defending but actually increasing its majority.”
The PP won 41 of the 75 seats in Galicia’s regional parliament, increasing its absolute majority by three, as voters in the region failed to punish the ruling party despite unpopular measures to combat the crisis that have seen street protests increase across Spain and a second general strike called for next month.
The regional result is widely seen as having bought Mr Rajoy breathing space as he continues to mull whether to request a full Spanish sovereign bail-out from Europe in the face of German opposition.
Analysts believe Mr Rajoy had delayed making such a request ahead of the electoral test, fearing that strict conditions imposed on Spain, including unpopular pension reforms, would be viewed badly by the electorate.
But with such an obstacle now cleared, expectations are growing that a bail-out request will come sooner rather than later.
“Now (Rajoy) has the support of his region, perhaps he’ll feel confident to actually press forward and ask for a bailout,” said Fiona Cincotta, City Index market strategist.
Markets had been patient in the run up to the weekend vote in Galicia, she said, but will want to see action on a bailout request soon.
Spanish 10-year bond yields crept up 5 basis points in the wake of the election result to 5.43pc, having fallen around half a point last week after the country retained its investment grade rating.
A research institute linked to Spain’s employers lobby also called for a quick decision. “Spain should accept conditions by the ECB and other European authorities and the sooner the better,” Jose Luis Feito, chairman of the IEE said Monday. “The longer we wait, the more difficult and drastic it will be.”
Source: http://www.telegraph.co.uk
Photo: Reuters
]]>Arcos & Lamers Asociados is a Law and Tax advice Firm that is made up of a team of professionals including: lawyers, economists, accountants, tax and labour advisers. Your Spanish Lawyers and Accountants in Marbella!
At Arcos & Lamers Asociados you will find skills and experience under the same roof. Thanks to their extensive experience, the advisers of this Firm offer an extensive range of high-quality services in the following variety of languages: English, Spanish, Dutch, German and French.
The lawyers, tax advisers and accountants of this Spanish Law Firm in Marbella take pride in their unique, direct and personal approach to their clients.
As many of the advisers of Arcos & Lamers Asociados specialise in different fields, they are able to offer advice on all of your Spanish fiscal, legal and accounting needs. All of our professionals are members of the Malaga Bar and/or Economist Associations and speak several languages allowing them to offer their services to clients of different nationalities throughout Spain.
The company code of conduct of this Spanish Law Firm guarantees rigorous and professional services combining efficiency and effectiveness with integrity, security and honesty. These qualities guarantee a professional and transparent service to their clients.
The gorgeous Spanish climate, delicious cuisine, leisure opportunities and the general Spanish life style ranks Spain high in the competition of places to visit or reside, whether you are an individual or a company. The Spanish lawyers and accountants at Arcos & Lamers Asociados always have your best interests at heart and always ensure that they carry out their work with the maximum level of security and efficiency, analysing each case and offering tailor-made solutions.
Wim Lamers, registered accountant in Spain, economist in Spain:
“Spain is an ideal place to live”
“Arcos & Lamers Asociados offers an all-round service as each of our multidisciplinary team of lawyers, economists and fiscal advisors are specialized in different fields of the Spanish legislation”.
Maria Teresa Arcos, lawyer in Spain:
“Our Firm is always searching to find the best solution for its clients, taking advantage of the newest state-of- the-art technology, and is very demanding. Therefore our staff undergoes regular company training in order to keep up-to-date. All of this allows us to offer a flexible and personalized service to our clients.
]]>When an Spanish SL company has been set up there are certain fiscal requirements in Spain that will need to be fulfilled. Most companies will be required to submit quarterly and annual Tax Return to the Inland Revenue. Below you will find a basic list of the most common Tax Return obligations.
1. Quarterly Spanish Tax Returns Declarations.
a. Spanish VAT.
b. Spanish Withholding Tax (Professionals & Employees).
c. Withholding Tax (Rental).
2. Annual Declarations (Informative Declarations).
a. VAT in Spain.
b. Withholding Tax in Spain (Professionals & Employees).
c. Withholding Tax (corresponding to Spanish Rental agreements).
3. Annual Spanish Tax Declarations.
a. Spanish Company Tax.
WHEN AND HOW TO PRESENT THE TAX DECLARATIONS TO THE INLAND REVENUE IN SPAIN.
Presently, all tax declarations of any type of Spanish companies should be submitted via internet, after the period being declared has ended, most tax forms will need to be submitted even when no payment is due.
Quarterly Tax Declarations in Spain.
• 1st Quarter (January–March) Between the 1st and the 20th of April.
• 2nd Quarter (April-June) Between the 1st and the 20th of July.
• 3rd Quarter (July-September) Between the 1st and the 20th October.
• 4th Quarter (October-December) Between the 1st and the 20th of January.
Annual Tax Declarations in Spain.
• Spanish VAT Before the 30th of January.
• Spanish Withholding Tax Before the 2nd of February.
• Spanish Company Tax Before 25th July.
Your company could be subject to present these and other Spanish tax returns, depending mostly on the activity it carries out. Arcos & Lamers is made up of a team of professionals such as accountants, Tax Advisers, lawyers and solicitors who will inform and advise you on all the Spanish tax requirements and accountancy matters that your company needs in Spain. Arcos & Lamers can take on board your Spanish company bookkeeping, prepare and submit your quarterly and annual tax return. Whether your company is settled in Marbella, Málaga, Costa del Sol or any other place in Spain, the experts of the Spanish Law firm, Arcos & Lamers Asociados, will be efficiently assisting and advising you or your Spanish Company in any legal, tax and accountancy matter.
The above mentioned guidelines are granted by Ms. Sara Duarte (BA Hons in Accountancy). Please consider the above lines are for informative purposes only as law and practice are changing constantly. The above mentioned Spanish Tax information is therefore not legally binding. Arcos & Lamers Asociados are Spanish accountants in Marbella assisting and advising throughout the whole Spain.
Marbella, October, 2012.
]]>Arcos & Lamers Asociados is a Law and Tax advice Firm that is made up of a team of professionals including: lawyers, economists, accountants, tax and labour advisers. Your Spanish Lawyers and Accountants in Marbella!
At Arcos & Lamers Asociados you will find skills and experience under the same roof. Thanks to their extensive experience, the advisers of this Firm offer an extensive range of high-quality services in the following variety of languages: English, Spanish, Dutch, German and French.
The lawyers, tax advisers and accountants of this Spanish Law Firm in Marbella take pride in their unique, direct and personal approach to their clients.
As many of the advisers of Arcos & Lamers Asociados specialise in different fields, they are able to offer advice on all of your Spanish fiscal, legal and accounting needs. All of our professionals are members of the Malaga Bar and/or Economist Associations and speak several languages allowing them to offer their services to clients of different nationalities throughout Spain.
The company code of conduct of this Spanish Law Firm guarantees rigorous and professional services combining efficiency and effectiveness with integrity, security and honesty. These qualities guarantee a professional and transparent service to their clients.
The gorgeous Spanish climate, delicious cuisine, leisure opportunities and the general Spanish life style ranks Spain high in the competition of places to visit or reside, whether you are an individual or a company. The Spanish lawyers and accountants at Arcos & Lamers Asociados always have your best interests at heart and always ensure that they carry out their work with the maximum level of security and efficiency, analysing each case and offering tailor-made solutions.
Wim Lamers, registered accountant in Spain, economist in Spain:
“Spain is an ideal place to live”.
“Arcos & Lamers Asociados offers an all-round service as each of our multidisciplinary team of lawyers, economists and fiscal advisors are specialized in different fields of the Spanish legislation”.
Maria Teresa Arcos, lawyer in Spain:
“Our Firm is always searching to find the best solution for its clients, taking advantage of the newest state-of- the-art technology, and is very demanding. Therefore our staff undergoes regular company training in order to keep up-to-date. All of this allows us to offer a flexible and personalized service to our clients.
Main services:
Spanish Civil legal and Extrajudicial proceedings.
Purchase and Sale of properties in Spain.
Spanish Tax law and accounting advise.
Inheritance procedures in Spain, Spanish Wills and succession.
Spanish and European trademarks and patents.
Bankruptcy proceedings in Spain.
Please rest assured that your personal and corporate issues are in good hands with us at Arcos & Lamers Asociados. Please do not hesitate to contact us for further details about any of our services. Telf:+34 952775010/email: [email protected]
Arcos & Lamers Asociados, lawyers in Marbella, Accountants in Spain, lawyers in Spain, Accountants in Marbella, Spanish solicitors, solicitors in Spain, Marbella solicitors, Solicitors in Marbella!
Marbella, September, 2012
]]>The announcement is good news for the estimated 100,000 British pensioners who live in Spain, many of whom are not able to claim the allowance under current laws.
Previously, elderly expats could only receive the payment if they turned 60 before leaving Britain and if they had left after the payment was introduced in 1998.
But expats now only need to have a ‘genuine and sufficient link to the UK’ to qualify, including having ‘lived or worked in the UK for most of your working life’.
The ruling by the European Court of Justice affects around 440,000 elderly Britons who live outside Britain but within the EU.
Anyone born on or before July 5, 1951, can now make a claim for the payment this year, which ranges from £200 to £300 depending on your circumstances.
In the 2010-11 winter, 72,840 expats claimed winter fuel payments, at a cost of almost £16 million – a figure which could rise to £100 million if all of the eligible expats were to claim it.
Work and Pensions Secretary Iain Duncan Smith called the ruling ‘ludicrous’ and has promised to introduce a ‘temperature test’ to determine eligibility.
Source: TheOlivepress.es
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