Directive 2014/19/EU aims to improve access to payment accounts, provide uniform processes for account switching and ensure comparability of payment account fees (right to assess a basic payment account in the European Union).
The increase in personal electronic data in Spain necessitates tax authorities to improve the processes of protecting taxpayer’s interest in their personal data and right to access it.
Corporate tax in Spain: General State Budget Law 2018 introduces reduction of income for intangible assets, tax credits for investments in entertainment productions, auditing powers and more.
Transfer of Assets Tax in Spain (ITP) is paid when a person acquires property. It is payable to the Autonomous Community where the property is located. Each Autonomous Community sets their own tax rates and provides fiscal valuations for property, but the actual property value can be declared.
Spain´s strong property market makes it a good destination for property investors and expatriates. There are a series of steps to be taken when buying property in Spain as a foreigner as well as several costs associated with property purchases which merit consideration.