Accountancy & Tax

Tax and accounting advice for individuals and companies in Spain

Our professional team at Arcos & Lamers Asociados offers advice in a number of different languages related to any fiscal liability both to companies and individuals. The Spanish registered accountants in Marbella has the pleasure to line you out some notes with regards to Spanish Taxes and Fiscal liabilities of a Spanish s.l. company.

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.

Spanish Tax advice. Tax in Spain

Fiscal Advice to individuals and companies including preparation, settlement and submission of the following statements:

Bookkeeping of both issued and received invoices.

Quarterly and annual VAT returns.

Quarterly income tax return.

Annual income tax return both for residents and non-residents.

Statement of split payments of Company Tax.

Annual statement of transactions with third parties.

Annual return of Company Tax.

Accounting advice

Analysis and approval of invoices issued and received by the company ensuring that they comply with all necessary requirements set by Spanish law. Fulfilment of formal requirements related to the Companies Bookkeeping according to the Spanish General Chart of Accounts. Production of trial balances, balance sheet and profit and loss account. Production of a balance sheet for the client with all relevant annotations. Production of annual balance of Company tax. Recording the minutes of the Annual Meeting of Shareholders along with approval of the accounts and advice to the administrators to notarize said minutes. Accounting of the official books of the company in line with the Spanish General Chart of Accounts: Daybook. Balance Sheet Book, including trial balances, balance sheet and profit and loss account. Inventory Book. Minutes Record and Shareholders Register. Submission of all official books and annual accounts at the Mercantile Registry for its entry.

Arcos & Lamers Asociados, Registered Accountants in Spain

A company in Spain 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.

Are you seeking for an English spoken partner who will professionally take care of the  book-keeping of your activity in Spain? An English spoken accountant registered in Spain who will assist you following Spanish accountancy and tax rules?

The professionals of our English spoken accountants in Spain will be pleased to assist you in any Spanish accountancy and tax advise you and your business may require.  Our firm provides monthly, quarterly and yearly reports to our clients fulfilling Spanish Law and tailored to the needs of our clients.

Through this web site and in personal meetings and communications, the client will be kept up to date pro-actively on relevant legal and tax news that is appearing constantly in Spain in the language you desire.

 Services of the efficient Spanish accountants of Arcos & Lamers Asociados

Please find below some of the fields that the strong accountancy department of Arcos & Lamers Asociados is working on a daily basis:

Constitution and registration of any form of Spanish companies. Increase, decrease of capital and any changes of the by laws of the same.

Day by day  book-keeping of Spanish activities as per the needs of the client fulfilling Spanish accountancy and tax rules.

Advice and fulfilment of any Spanish Tax liability, Spanish tax advice and fiscal reporting to the shareholders and directors of any type of Spanish company.

Salary administration, granting of payslips and declarations towards Spanish Social Security.

Company and business advise, cash-flow projections and granting of Spanish Annual accounts.

Our advise does entitle a full round accountancy cycle, checking your bookkeeping, granting and presenting any tax declarations and annual accounts at the corresponding public entity, Spanish Inland Revenue or Mercantile register.

The registered accountants and tax advisers of Arcos & Lamers Asociados provide a full range service package that entitles Spanish legal, tax, accountancy, mercantile and fiscal advice. For additional information on this subject click contact directly our firm at or telf: +34 952775010 or click here

Additional information on Spanish tax, paying tax in Spain, the Spanish tax system among others:

Paying Spanish Tax as less as possible? Transfer Tax in Spain at only 2%.

Paying tax in Spain. To determine whether you may pay only the 2% transfer tax in Spain, the multilingual Spanish tax advisers of our firm should analyse article 25 of the Legislative Decree 1/2009 of 1 September, which presents the approved consolidated text for the Autonomous Community of Andalusia’s provisions on assigned taxes. This law allows a reduced Spanish tax rate on onerous real estate transfers involving real estate to be resold by professional real estate companies or promoters.Read more….

Tax in Spain: Tips to file the Spanish income tax  and wealth tax in Spain efficiently

Tax in Spain: It´s again time to file your Spanish Income Tax and Wealth tax in Spain. The fiscal advisors and accountants of our multilingual Spanish law firm in Marbella have the pleasure to analyse some recommendations in order to file the Spanish income and wealth tax refund in an efficient way. Read more…

Taxation related to properties in Spain owned by non tax residents – PART 2- Spanish Income tax

If you are a private individual, Non-Resident in Spain for tax purposes and you are planning to purchase a Spanish you should learn of the Spanish tax liabilities.

Once you purchase a property in Spain you will be liable to the following Taxes:

  • Non Resident Income Tax in Spain:
  • Income Calculated on Urban property for Personal use (Spanish Deemed Income Tax).
  • Income on Rented Building.

Both above mentioned alternatives fall under the Spanish expression (Impuesto Sobre la Renta de No Residents – I.R.N.R). Read more….

Calculation of capital gains tax in Spain on the sale of a Spanish property. Spanish Tax rate for non-residents

Capital Gain tax in Spain; The difference between the value of the transfer and the readjusted acquisition value constitutes the Spanish capital gains subject to Spanish tax.

If the property in Spain is being transferred by a natural person who acquired it prior to 31st December 1994, the gains established according to the above will be reduced as such transfer is subject to a transitory system.

If the transferor acquired the property on two different dates or improvement works have been carried out at the property, the calculation must be made as if it concerned two different Capital gains. Read more…..

Readjustment Coefficients and basic rules for the calculation of the Spanish capital gain tax

Capital gain Tax in Spain; The coefficients of readjustment of the acquisition value of a property in Spain are set out in the national budget of each year.

 For a correct calculation of capital gain in Spain, these are some of the basic rules to be followed:

1.ª The readjustment coefficients must be applied to the acquisition price and the corresponding recorded amortisations, without taking into consideration the amount of the net value increase resulting from the readjustment operations.

2.ª The capital gains or losses will be the result of deducting the difference between the transfer value and the acquisition value of the property in Spain, readjusted with the abovementioned coefficients. Read more…