The below mentioned summary on the new Decree 2/2012 of 10 January, which regulates the regimen about the existing buildings and settlements over undeveloped land in the Autonomous Community of Andalusia (entered into force onFebruary 29, 2012), has been issued by the lawyer Mr. Félix Ruiz, Spanish solicitor and proffesional of the Spanish law firm Arcos & Lamers Asociados in Marbella.
This Spanish law approved by the regional Andalucía government does not pursue the so called “urban amnesty” (“amnistía fiscal”) for those buildings that somehow are in a irregular situation within the Andalucía non developed land. But just the opposite. The Decree far from giving sense to this situation, provokes new questions and increases the already chaotic regulatory about the rustic land in Andalucía. Read more »
THERE is a bit of good news for consumers as major shopping chains in Spain have promised to absorb the impending 3% IVA (VAT) increase.
Supermarket giant Mercadona, which claims 90% of its more than 8,000 lines have kept the same prices from a year ago, is the latest to announce it will not pass on the IVA increase to customers, joining other big names including, Inditex, Eroski, Carrefour, Lidl, Mango, H&M and Corefiel.
The IVA rate is set to jump this weekend from 18% to 21% with the reduced rate rising from 8% to 10%, while the super-reduced rate, which applies to fresh food staples, books or prescription drugs, will remain at 4%. Read more »
Mariano Rajoy is not considering further VAT or Personal Income Tax increases in the 2013 Budget and hopes not to have to take such difficult decisions for the Spanish people as those taken during the first months of his term in office.
The President of the Government also calls for greater economic and fiscal integration within the European Union; “no steps backward will be taken; not by the Euro, not by the Single Market and not by the Union”.
The President of the Government, Mariano Rajoy, received the President of the Republic of France, François Hollande, at Moncloa Palace on Thursday. They discussed matters on the international and bilateral agendas, including the situation in Spain and the Eurozone. Read more »
The last month of July, the President of the Spanish Government , Mariano Rajoy, announced that the general rate of VAT will increase (up to now, 18%) three points, up to 21%; the reduced type will increase two points (from 8% to 10%) and the super-reduce type a 4 % will be maintained. Read more »
The Junta de Andalucía has asked for IVA/VAT not to be put up on golf courses.
The I.U. Councillor for Tourism and Trade, Rafael Rodríguez, has written to Central Government to complain that the IVA increase is going up from 8% to 21%. Read more »
Specifically in 2012, more than two million euros (2,041,350) euros will be earmarked to promoting projects and activities associated with self-employment, the social economy and corporate social responsibility. This money will be managed by the non-profit organisations and public and private universities whose projects are selected via the tender published on Monday in the Official State Gazette.
“This financial aid is intended to help drive entrepreneurship in Spain, so all those activities that foster the entrepreneurial spirit through self-employment, the social economy and corporate social responsibility will be given priority. Furthermore, any action aimed at commemorating 2012 as the ‘International Year of Cooperatives’ will also be considered priority”, said Miguel Ángel García Martín, Director-General for Self-Employment, the Social Economy and Corporate Social Responsibility. Read more »
Special 3% Tax for non resident companies in Spain.
The Spanish law firm, Arcos & Lamers Asociados would like to line out an amendment on Spanish Tax law with regards to foreign companies that do hold property/ies inSpain.
The entities, not resident and with-out a permanent settlement in Spain, that are owners of a real estate property in Spain, are subject to the Special 3% Tax for non resident companies, which is due on the 31st of December each year, and to be settled during the month of January of the following year. Read more »
Half of Spain’s youth are unemployed, and yet at the Wayra business start-up project on Madrid’s majestic Gran Via avenue, young people buzz around an office chatting animatedly, typing furiously and holding up trails of wire and computer parts. These are Spain’s technology entrepreneurs, and they’re positive about the future – even as Prime Minister Mariano Rajoy tries to avert a full international rescue for a country beset by recession, a property market collapse and a banking crisis.
Almost all plan to expand beyond Spain’s borders, if they aren’t operating internationally already. For domestic and foreign investors in their ventures, the dire state of the nation can even be an advantage: put bluntly, young Spanish entrepreneurs come cheaper than their U.S. and British rivals. “There is no crisis. The crisis is outside. But here what we have is people working, setting up companies and creating employment,” said Gonzalo Martin-Villa, global head of Wayra. Read more »
The average number of contributors to the Spanish Social Security system increased by 4,896 in July, raising the total figure to 17,032,738. Tomás Burgos stressed that “the outlook for the Spanish economy remains far from a clear recovery, and that is reflected in sluggish contributor figures for July”.
In month-on-month terms, the General Regime grew by 112,004 contributors (up 0.81% on June) to an average total of 13,875,453. Read more »
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