Guide for Companies: Advantages of having an Accountant and Tax Advisor from the beginning
Having an accounting and tax advisor from the start of a company is a strategic decision that can make the difference in the success and sustainability of the business. The complexity of the tax and accounting environment in Spain requires specialised knowledge to ensure regulatory compliance and optimisation of resources. The following are the […]
Common Tax Mistakes of Startups in Spain and How to Avoid Them
1. Mistake in the Choice of Legal Structure The legal structure of a startup affects its taxation and general operations. In Spain, many startups choose the Sociedad Limitada (SL) for its flexibility and the protection it offers to partners. With the recent Startup Law, new companies can benefit from a reduced corporate tax rate of […]
Beckham Law: reduce the taxes you pay if you are a foreigner in Spain
The Beckham Law is one of Spain’s most attractive tax strategies for foreign professionals and posted workers, especially those with high incomes. This special regime was designed to make Spain an interesting destination for highly qualified professionals and sportsmen and women, offering tax advantages that allow them to be taxed at a reduced rate compared […]
Discover the Advantages of Holding Companies in Spain and the Netherlands
In the dynamic global business landscape, holding companies have emerged as a sophisticated and versatile business strategy. This article delves into the specific advantages offered by holding companies in two prominent European countries: Spain and the Netherlands. We explore in detail the legal frameworks, tax benefits, and business environment conditions that make these jurisdictions particularly attractive for establishing holdings.
Construction Projects 2024: Tax Secrets for Global Success
In 2024, international taxation plays a crucial role in the success and profitability of global construction projects. As an expert in international taxation, I want to guide you through the key issues to consider as you embark on these exciting developments.
Navigating the tax maze: Taxation for workers abroad
The complexity of taxation for those working outside national borders is a scenario where multiple factors are intertwined. From the country of origin to the place of work, double taxation agreements and the length of stay abroad, each variable influences the way in which income is taxed. Should workers be taxed in the country where they work, or does residence in Spain require them to comply with their tax obligations in their homeland?
Tax benefits for impatriates in Spain: beyond the Beckham Law
According to the article in elEconomista.es, individuals who benefit from the so-called “Beckham Law” in Spain, mostly foreigners, experience an average annual tax saving of 13,600 euros. This special tax regime for impatriates allows those who have not resided in Spain in the last five years, under certain conditions, to be taxed through the Non-Resident Income Tax (IRNR) instead of Personal Income Tax (IRPF). The main advantage lies in a flat rate of 24% for earned income, unless it exceeds 600,000 euros, in which case the excess is taxed at 47%.
Discovering the wonders of Spain: The journey of Eric and Jessica Smith
Eric and Jessica Smith, a charming couple hailing from Kansas, United States, were captivated by the beauty and charm of Spain during their first visit in 2017. They explored the vibrant cities of Madrid, Barcelona, and San Sebastián, immersing themselves in the rich culture and enjoying Spanish hospitality. What began as a tourist visit transformed into a deep love for the country, eventually leading them to make a bold decision: to move to Spain.