Taxes in Spain
1323269270.jpg Taxes in Spain

All information on taxation in Spain and its benefits.

This is the information you need to know!!

Create your Company NOW

  • What are the tax obligations of Spanish Company?

    A business-type SL (Sociedad Limitada) who conduct business in Spanish territory faces three obligations regarding taxation in Spain:


    1. It shall keep records.


    2. It must pass four tax returns each year to the Spanish tax authorities (one per quarter) and an annual statement to come into compliance with the tax in Spain.


    3. Finally it must file accounts on an annual basis in the commercial register.


    It is also important to know that the Spanish accounting standards have certain peculiarities. Accounting of your SL must comply with these standards to regulate your taxes in Spain and have non unpaid taxes.

  • How does the corporate income tax in Spain?

    Taxation in Spain is simplified, there is no business tax or flat tax or annual training levy. In addition, the rate of corporation tax in Spain is quite advantageous, as the Spanish general taxation.


    The corporate tax work by levels:

       

     

    First 300,000€ of Benefits

    The rest of Benefits

    Turnover < 5M€

    Actual salary < 25

     20% reduced rate

    25%

    Turnover <10M€

    25%

    30%

    Turnover >10M€

    30%

    30%


    1.The firms whose net sales are less than 5 million, and whose actual wage is less than 25 employees will apply an income tax rather low: So they will be taxed at 20 % in the first 300,000 of profit and the rest will be taxed at 25%.




    2. Regarding companies whose turnover is between 5 million and 10 million euros, the tax will be slightly higher. Thus, they will pay 25% on the first € 300,000 of profits, the rest will be taxed at 30%.



    3.And finally for the rest of the business, they will be taxed at the full rate of 30% for the entire benefit.



    By using our services, we assure you the complete management of your tax returns in Spain, to get you the best tax advantages.Taxes in Spain will no longer be a problem, and even become an advantage for your business.

  • How does the income tax in Spain?

    In Spain, the income tax is deducted directly from wages. Thus, the tax base in Spain directly represents the net income per year.


    The centers of the taxes in Spain Agencia Estatal de Administracion Tributaria (AEAT) organize the collection in June declarations of income tax from the previous year.



    All persons who reside and have incomes in Spain are required to make this statement and are therefore liable to pay tax on income in contrast Espagne. In employees earning less than € 22 000 per year are exempt. It is very important to respect the rules of taxation in Spain, under pain of severe penalties.
    The tax returns used to regulate the taxes levied on wages during the previous year and also the application of various allowances and deductions (child, marital status, deduction for rent, ...)



    To calculate your income tax in Spain, visit this site:http://www.calculatusueldo.com/



    If you use our services, we will take care of and will make all tax returns in Spain, ensuring careful management of your taxes to get you the best possible tax deductions.

  • What is the tax on economic activities (IAE)?

    Taxation in Spain has an additional tax: IAE.



    It is a tax paid only by businesses whose turnover exceeds 1million. However, a new company will not pay this tax during the first 2 years. It will be only in the third year it will compensate by paying the first two years and the current year. In Spain, the tax offset is calculated based on the turnover of the company.



    The imposition and taxation in Spain, is encouraging entrepreneurs to form start-ups.

  • Contributions in Spain?

     

    Employeer Rates

    Tax Rates

    Total

    Social Security : sickness

    23.60%

    4.70%

     28.30%

    Insurence

    5.50%

    1.55%

    7.05%

    Guarantee Funds for Employees

    0.20%

    -

    0.20%

    Training

    0.60%

    0.10%

    0.70%

    Total

    29.90%

    6.35%

    36.25%

    Accidents at Work

    Variable (Between 0.90 and 7.30%)

    -

     


Callcenter
012
Quick Help
Fields marked with * are required.

Collaborate with

Colaboradores








Copyright © 2011 TAS Asesoría Barcelona - Gestoría Barcelona