Latest News
Accounting | Tax | HR | LegalProcessing of sick leave in Spain
In Spanish companies, workers may sometimes be given sick leave due to illness or an accident (sick leave in Spain). Temporary Incapacity (known by the initials IT in Spanish) is the name given to a situation that prevents a person from working for a certain period of time.
Maternity and paternity leave in Spain
Important events have arisen during 2018 regarding maternity and paternity leave in Spain.
Non-Profit Organisation – tax directive for taxation of services for tax non-residents, determination of the place where provided
Services provided to a non-profit organisation not registered for tax purposes in its home country, owing to its not being required to do so, are deemed to be within the area subject to Spanish taxation.
Form 349: Declaring Intra-community Transactions in Spain
Form 349 is a disclosure statement in which both natural persons and companies are required to provide details of intra-community transactions in Spain during the corresponding period.
Hiring incentives in Spain
For many companies in Spain, it is important to ensure that the budget is able to accommodate the cost of the new employee upon his/her recruitment into the workforce. This means that the recruitment of the new employee, fundamental though it may be for the company, is often delayed. On this basis, whenever a new employee is recruited into the workforce, it is important to bear in mind the many hiring incentives in Spain that currently exist as they may enable the company to make significant savings.
Paid leave in Spain
Employees often enquire about whether they are entitled to leave from work for one reason or another and one may be unsure if they are entitled to the leave on the requested grounds. Legislation provides that all employees in Spain are entitled to leave from their place of work on justified grounds and for a fixed period of time, with a right to pay (paid leave in Spain).
Tax liabilities of Property Owners in Spain (non-residents)
Property owners in Spain – who are not residents – are also taxed and must, therefore, declare the income obtained in Spanish territory by means of Tax Form 210. Non-resident income tax (IRNR).
Reduced VAT for electronic publications
The Council of the European Union has adopted Directive (EU) 2018/1713 of the COUNCIL, of 6 November 2018 (OJ of 14 November), regarding the rates of value added tax applied to books, newspapers and periodicals, which helps align the VAT rules applicable to e-publications with the rate applicable to publications supplied on physical means of support. As of now, Member States have the possibility of also applying reduced, super-reduced or zero rates to electronic publications (reduced VAT for electronic publications).
Form 202: payments on account of Corporation Tax in Spain
The rules and grounds of Tax Form 202 established in Royal Decree 634/2015 of 10 July, approving the Regulations of Corporation Tax. The Tax Form 202 is used to make payments on account of the Corporation Tax in Spain for both natural and legal persons, whether they are residents or not, provided they have a permanent establishment in national territory.
Beneficial ownership in Spain: Who is required to report on the Company’s beneficial owner?
This is a new obligation (Beneficial ownership in Spain) to be included in the financial statements for the fiscal years beginning in 2017.