How to get Access to “convenio especial” scheme

We at Salvador Tax & Legal would like to inform you of the possibility of access to the public health system for foreign residents in Spain, who do not qualify under any other means.

It is necessary for those people to make a Special Agreement with the Andalucia Health Service, upon payment of a monthly fee and providing certain criteria, detailed below, is met, you will have access to the public health system.

The law 16/2003, dated 28th May, on the cohesion and quality of the National Health System, Article 3.5 establishes the possibility that residents who do not qualify as members of the Health System can have access to it by means of a subscription or payment.  Continue reading “How to get Access to “convenio especial” scheme”

Form 720 Tax Return

Form 720. Remember the deadline is before 2nd April

Don´t forget that the information return must be submitted by residents in Spain. This year 2nd April is the deadline to submit the Form 720

Who has the obligation to submit this tax form?

Taxpayers required to inform of their assets and rights held abroad, in accordance with this regulation are:

  • Individuals and legal entities resident in Spain.
  • Individuals or legal entities not resident in Spain, with a permanent establishment in Spanish territory If they belong reviews one of the following groups: owner, representative, agent, beneficiary, individually or entity With actual powers of disposal or beneficial owner.

What Must Be Declared? 

With regards to the information that has to be Disclosed to the Spanish Tax Authority, This obligation includes specific information on assets and rights situated abroad including:

  • Bank accounts located abroad.
  • Stocks, rights, income and insurance policies deposited, managed or Gained abroad.
  • Real estate and rights on real-estate located abroad.

This obligation implies that the taxpayer will have to declare bank accounts abroad, even if he / she does not own stocks or real estate abroad. However, there will be no obligation to submit esta tax form for bank accounts located abroad if neither end the balance (on December, 31st), nor the average balance Reaches to the total of € 50,000.

Frequency in the presentation of the tax return

Once Form 720 has been filed with regard to one or more of the disclosure obligations in it (referred to in question no. 1), this Form should only be filed again when, in relation to one or more of these obligations, there is an increase of the overall limit established for each information block above 20,000 euros compared with what the last declaration determined.

More Information here. Don’t wait to the last minute and avoid penalties.

You can contact us in case of doubts.

transferencias entre países comunitarios

Next March, 31st is the deadline to submit the Form 720

We are approaching March 31st and the information return must be submitted by residents in Spain. 31st is the deadline to submit the Form 720

Who has the obligation to submit esta tax form?

Taxpayers required to inform of their assets and rights held abroad, in accordance with this regulation are:

  • Individuals and legal entities resident in Spain.
  • Individuals or legal entities not resident in Spain, with a permanent establishment in Spanish territory If they belong reviews one of the following groups: owner, representative, agent, beneficiary, individually or entity With actual powers of disposal or beneficial owner.

What Must Be Declared? 

With regards to the information that has to be Disclosed to the Spanish Tax Authority, This obligation includes specific information on assets and rights situated abroad including:

  • Bank accounts located abroad.
  • Stocks, rights, income and insurance policies deposited, managed or Gained abroad.
  • Real estate and rights on real-estate located abroad.

This obligation implies that the taxpayer will have to declare bank accounts abroad, even if he / she does not own stocks or real estate abroad.

However, there will be no obligation to submit esta tax form for bank accounts located abroad if neither end the balance (on December, 31st), nor the average balance Reaches to the total of € 50,000.

Frequency in the presentation of the tax return

Once Form 720 has been filed with regard to one or more of the disclosure obligations in it (referred to in question no. 1), this Form should only be filed again when, in relation to one or more of these obligations, there is an increase of the overall limit established for each information block above 20,000 euros compared with what the last declaration determined.

More Information here. Don’t wait to the last minute and avoid penalties.

You can contact us in case of doubts.

Puesto vacante para Departamento Laboral

Estamos buscamos a alguien con tu perfil para el puesto vacante de nuestro Departamento Laboral. Envíanos tu C.V a través de nuestro formulario o email abajo.

Puesto vacante para Departamento Laboral
Puesto vacante para Departamento Laboral

Buscamos profesional para el puesto vacante de responsable del Departamento Laboral. Se encargará de prestar asesoramiento a nuestros clientes y formará parte de un equipo de 3 personas. Buscamos a alguien con:

  • Experiencia probada de más de 5 años en asesoría laboral,
  • con habilidades directivas,
  • Ingles nivel alto.

Interesados enviarnos tu CV a través de nuestro formulario o a través del email: info@gestoriasalvador.com

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Great success had the “Living in Spain” organized by Grupo Salvador

The recent presentation “Living in Spain” made by Alejandro Guerrero Salvador in Turre was very successful with a turnout of more than 50 people.  Alejandro is a partner and the managing director of GRUPO SALVADOR in Almeria.IMG-20140131-WA0004

The presentation took place on Monday the 27th of January, in one of Turre´s Town Hall meeting rooms and was held for the members of the Association “Dames in Turre”.

Dames in Turre is an Women Association, whose members are mainly British and live in the nearby area. They organize interesting events for their members such as: conferences, trips, and they are also involved in organizing charity events to raise money for different Associations in the area.

GRUPO SALVADOR as part of their informative campaign organizes presentations under the name of “Living in Spain” addressed to foreign resident and non-resident in Spain, giving them the opportunity to know and clarify aspects related to their everyday life and the rights and obligations before the Spanish Administration.

The “Living in Spain” presentations are an initiative of GRUPO SALVADOR and they are presented by Alejandro Guerrero Salvador.   We have scheduled some presentations for the coming months in town halls or Associations in the Province o Almeria. We are at any association disposition should they require for a presentation to be held at their premises for their members.

One of our last presentations was held last December at Desert Springs Golf Resort where a significant number of people from the nearby area came to participate in the session.

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Personal Tax in Spain

Wealth Tax

 Impuesto sobre la renta de las personas físicas/IRPF is a direct tax levied on the income of individuals.

The individual’s income may come either from work as an employee or by means of self-employment — development of a business or professional activities.

Taxable income is determined as the difference between the income earned and the expenses that are deductible according with the Spanish law.

At the moment, only those individuals earning more than EUR 21,035.42 a year in Spain are obliged to make the income tax declaration. Declarations above this amount carry a progressive tax structure.

The tax period coincides with the calendar year.

This tax is assessed differently for residents and non-residents in Spain

Non resident income Tax

For property for own use, the estimated yield for this tax is established as follows:

  • In general, 2% of the building’s assessed value (Valor Catastral), which appears on Property Tax (Impuesto sobre Bienes Inmuebles, IBI) receipt.
  • In the case of properties for which the assessed value has been revised or modified after 1 January 1994, the percentage will be 1.1%.

This yield is calculated once per year, on 31 December.

  • Tax rate: 24%.
  • The tax sum, therefore, will be the result of applying the corresponding rate to the estimated income

  The amount to declare is the entire amount received from the tenant, without deducting any costs.

This amount is understood to have become liable for taxation at the moment that it is demandable by the lessor or on the date that it is collected, if this is earlier. Tax is charged separately on each amount accumulated and, therefore, a tax return must be made for each amount accumulated.

 When to file the tax return: If it is an ordinary tax return (form 210) the period is one month from the date of accrual of the income. If it is a joint return (form 215) for a quarter, within the first 20 days of the months April, July, October and January, for the quarter immediately prior to this month.

Where to file the return: With the Branch of the Tax Agency or Administration belonging to the Tax Agency responsible for the area where the property is located.

Tax rate: 24%.

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Capital Gains Tax

CAPITAL GAINS ARISING FROM THE SALE OF BUILDINGS

Capital gains resulting from the sale of property constitute taxable income. This income is deemed as accrued when the property is transferred.

In general, the amount of the capital gains is determined by the difference between the cost price and transfer value of the property.

Continue reading “Capital Gains Tax”

Business Taxes in Spain

Business Taxes in Spain

Company Tax or Corporate Income Tax for Business Taxes in Spain

This is a national business or corporate income tax in Spain on all types of Spanish companies (as well as nonresident companies in Spain) except the Sole Trader (Autónomo). (Sole Traders report their business and personal income together on their IRPF instead.) The standard Company Tax rate is 30%, but small and medium companies (PYMEs), who are defined as having a net turnover of less than three million euros each year, are only taxed at 25% on the first 120,202 euros earned and at 30% for income above that figure.

Continue reading “Business Taxes in Spain”

Presencia de Grupo Salvador en eventos empresariales en Reino Unido

GRUPO SALVADOR PARCTICIPA EN EL CHELMSFORD SHOWCASE FOR BUSINESS

Alejandro Guerrero Salvador, director de Grupo Salvador, participa en Chelmsford Showcase for Business 2011, destacado encuentro empresarial para el Condado de Essex, región de Inglaterra con un importante desarrollo económico e interesante perspectivas de negocio. En él participan, además de las empresas asistentes, HMRC (Her Majesty’s Revenue and Customs), Essex County Council y firmas financiaras y legales de primera línea de Chelmsford.

El encuentro empresarial sirvió a Grupo Salvador para reunirse con colaboradores y asimismo establecer relaciones a nivel empresarial e institucional, vinculados a los intereses y desarrollo de negocio para Salvador International en la región.

Continue reading “Presencia de Grupo Salvador en eventos empresariales en Reino Unido”