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Draft bill on market unity guarantees
The Spanish Council of Ministers meeting held on Friday 25 January has given the green light to the Market Unity Guarantees Bill (hereinafter, the “Act”) aimed at ensuring the free movement of goods...
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Spain: informative declaration of assets and rights located abroad (tax form...
Tax model 720 is a new tax form adopted in Spain on January 30th 2013. The aim is collecting, mainly from the Spanish resident´s (although not only, as it is exposed later on), the data on the assets...
View ArticleCurrent framework of labor law in Spain
About a year ago, on July 8, 2012, Act 3/2012, of July 6th, on urgent measures to reform the labor market (hereinafter, the “Statute”) entered into force as what has been the most important labor...
View ArticleAmendments introduced by law 14/2013, of 27 september, on support for...
On October 18, 2013 entered into force the new amendments introduced by Law 14/2013, of 27 September, on support for entrepreneurs (hereinafter, the “Law”) to the Spanish insolvency regime set out in...
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Tax reductions make Madrid the cheapest region to buy a real estate property...
Since January 1st 2014, some taxes have been reduced in the Autonomous Community of Madrid to buy a used or second-hand house or any other kind of real estate property, or to constitute a mortgage. The...
View ArticleSpain, more than ever a place to invest
The corporate tax rate in Spain has traditionally been 35%. Since 2007 the highest tax rate (for a standard company) is 30%. Despite this standard tax rate of 30%, the Small and Medium companies only...
View ArticleNew Spanish Exit tax
Last 20th of June, the Spanish Finance Minister announced a project amending different points of the Tax System to be approved in the Parliament. One of the new measures that the government will...
View ArticleSanction to the Kingdom of Spain for unequal treatment between Spanish...
On the 3rd of September, the European Union Court of Justice delivered judgment on the infringement proceedings commenced by the European Union against the Kingdom of Spain. It stated that Spain had...
View ArticleSpain: Businesses will need to implement crime prevention policies
For centuries a principle has ruled in the Penal Code which, expressed in Latin, states: ‘societas delinquere non potest’ according to which only natural persons are able to commit crimes; thus legal...
View ArticleThe Law for a Second Chance: the ins and outs of long-awaited legislation
When the end of the most serious Spanish economic crisis since the post-war era is in sight, the Cabinet has just passed the so-called Law of Second Opportunity. This measure is vital to ensure that...
View ArticleTax measures implemented in Spain for 2012.
On December 30, 2011 various urgent measures were implemented by the newly formed government in order to correct the budget balance through changes in Spanish tax, finance and labour regulations. The...
View ArticleLawsuit vs. Judge Garzon for alleged breach of legal duty
A trial vs. a judge of the Spanish Audiencia Nacional accused of breach of legal duty has been held a few days ago before the Spanish Supreme Court. Mr Garzon, as a magistrate of the Audiencia...
View ArticleTop management salaries: stock options
Among the different salary concepts that can be used by companies in order to design their salary policy, we can find the “Stock Options”. This remuneration, mainly destined to top management staff,...
View ArticleAnnual accounts of Spanish capital companies
The content of the annual accounts consists in a balance sheet, a P&L account, a statement of changes in equity, a cash flow statement and the review memorandum (article 254 of the Royal Decree...
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Spain: new regulation on mediation in civil and commercial matters
Royal Decree-Law 5/2012 on mediation in civil and commercial matters was published on March, 6th, trying to provide a practical channel to solve certain conflicts between parties, as an alternative to...
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The expropriation of Spanish company REPSOL by the Argentine Government
The news that Argentina´s Government of Cristina Kirchner has recently expropriated the 51% of YPF, an Argentine subsidiary owned by the Spanish Oil company REPSOL, has spread around the whole world...
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The Spanish tax amnesty
If the economic problems in the world were called a pandemic, Spain would be the example of a patient treated by his government with tax measures having no more effects than sedatives that only help to...
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European sales law proposal: an opportunity for sme´s companies
The current legal framework in the EU is characterised by differences within the national legal systems and contract laws of the 27 Member States. Although there are some common rules (Directive...
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Possible changes of tax legislation in spain
On September 27th, the bill of the 2013 Budget was introduced by the Parliament and another bill was presented one week later about possible changes of different taxes. We can infer the economic and...
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Residence permits for foreigners buying homes in Spain
The Spanish government has announced it is studying a change in the legislation in order to grant residence permits to foreigners buying a real estate property adding up to €160,000 or more. This...
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