Plans to raise corporate income tax
The Spanish Government has outlined plans to increase company tax as it battles to keeps its budget deficit in check.
Facing the prospect of being the first ever member state to be fined by the European Union for persistently undershooting its deficit targets, the Government recently announced that it plans to find an extra EUR6bn (USD6.6bn) in revenue by setting a minimum amount of tax...
Expatriate tax regime in Spain
The special tax regime for expatriate employees came into force as of January 1, 2004. Under this special tax regulation, individuals may choose to be taxed in Spain resident taxpayer or as a non-resident taxpayer. As of January 1, 2015 the following changes has been made to this special tax regime:
the assignment to Spain now may include a director in a Spanish entity provided that...