UK: New double tax treaty with Spain
On 14 March 2013 the UK and Spain signed a new double taxation treaty. The treaty will come into force when the ratification procedures have been completed. When it comes into effect the new treaty will replace the treaty currently in force which
See MoreNew Tax fraud prevention Law enters into force in Spain
The new criminal code was introduced by Organic Law 7/2012, published in the Official Gazette on 28 December 2012. The code entered into force on 17 January 2013 with respect to transparency and fighting criminal tax and social security
See MoreSpain’s Budget for 2013
The Spanish Government approved the Budget for 2013 as law 17/2012 on 28 December 2012. The Law generally applies from 1 January 2013. Key points of the budget are summarized below: Corporate taxation For capital gains the indexation percentage
See MoreSpain and Cyprus initial a DTA
On November 27, 2012, according to the Spanish government, Spain and Cyprus initialled a double taxation agreement
See MoreDTA between Spain and Germany will enter into force
A new double taxation agreement (DTA) signed between Spain and Germany in 2011 will enter into force on October 18, 2012, and will be effective from January 1,
See MoreSpain ratifies the pending DTA and accompanying Protocol with Germany
Spain on July 30, 2012, published an Order in its Official Gazette ratifying the pending double taxation agreement (DTA) and an accompanying Protocol signed between Spain and Germany on February 3,
See MoreSpain- New procedures on CIT and non-residents tax returns (regarding PEs)
By Order HAP/1023/2012 of 11 May 2012, the Ministry of Finance and Public Administrations of Spain approved the new forms, procedures and the stipulated periods for the corporate income tax (CIT) and the non-residents income tax returns (regarding
See MoreVAT cuts on new houses in Spain
The Spanish government has announced to reduce the rate at which the sales tax is applied to the sale of new housing. The intention behind this reduction is to stimulate the country’s stagnant housing market and support the construction
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