Most people’s initial reaction to receiving any type of official notification is to panic. Others opt to bury their heads in the sand like an ostrich, hoping the situation will “resolve itself”. Both responses are a mistake! Of course it is rare the Tax Office will ever take the time to write to congratulate you on a job well done or to thank you for the taxes you’ve paid diligently every quarter over the past decade but before you go to panic stations, read through the document carefully because many times the Tax Office simply needs to confirm information filed on a declaration and the purpose of the notification does not necessarily result in any form of payment or penalty.
Every year, thousands of people flock to Spain for the weather, the sights, its fantastic culinary experience and culture. Many of these fall in love with the way of life here and decide to invest in a property of their own to enjoy as often as they able to get away, however, many fall foul of the Spanish tax system and without realizing it, do not fulfil some of their obligations as property owners.
Now that we have passed the halfway mark of 2018, many business owners reflect on how their business has fared so far and either give themselves a slap on the back for a job well done, plan adjustments that need to be made to improve productivity and their profit margin or sadly, even consider closing their business down altogether.
The Parliamentary Group, “Ciudadanos” has submitted a Proposal of Law to Congress that includes measures to reform labour conditions for sole-traders. Albert Rivera, the group’s leader has informed Europa Press that said measures have been backed by PSOE and PP political parties also. What do these proposals include and how will they benefit business owners?
Spanish Tax Inspectors have put forward recommendations to legalize prostitution and trafficking of so-called “soft” drugs such as marihuana in a bid to better fight their adverse consequences whilst increasing income to the National Treasury at the same time. They consider that between both illicit activities a further 6.000 million euros may be collected by the National Tax Office (AEAT) each year.
