Value Added Tax is an indirect and general consumption tax assessed on the value added to goods and services. It is borne ultimately by the final consumer and is charged as a percentage of the price. Every consumer in Spain must pay it.
The Spanish tax on economic activities is a direct tax levied annually on the exercise of a business, professional, or artistic activity, regardless this activity is performed in business premises or not.
Corporate tax is a direct tax on corporate profits obtained within the taxation period, which normally coincides with the calendar year, unless a different period is stated in the company’s articles of association.
The Capital Gains Tax is the Spanish municipal tax on the increase in the value of the urban land since the last recorded transfer , not in the building erected upon it.
Property transfers, corporate transactions and stamp duties are subject to the Spanish property transfer and stamp duty tax.
The Spanish law provides the inheritance and the gift tax together. This tax is payable on the increase of wealth obtained either from a dead individual or by way of gift from an individual still alive.
A Spanish company owes me money and it seems to have completely disappeared from its place of business without any notice. Am I entitled to sue such company´s directors?
I am the director of a Spanish limited company and owe money. Am I allowed to file for bankruptcy? What should I do if I find out that my main customer is stopping payments to other suppliers known by me? Why and how should I file for bankruptcy before Spanish Courts?
Late payment of commercial debts is a major problem for European businesses, the consequences are damaging to companies. This is the main reason why it is advisable before entering into a deal with any company, to make sure to assess the risk of doing business with them.
Rental contracts on business premises are governed by the parties’ agreement, and secondly by the Law on Urban Lettings. Here you have some useful tips based on the current law of urban lettings, these do not substitute the services of a lawyer, in fact many complications may arise later. All questions about the law’s applications to individual cases should be directed to a Spanish Lawyer.
