NIE - Important Changes

As you may know all foreign individuals who own assets, reside and/or work in Spain, are required by law to obtain an identification number (Numero de Identificacion de Extranjeros).

New Spanish Government introduces Tax Changes

The new Spanish Government, which takes power this month, has highlighted the main tax changes it wants to introduce.

Wealth Tax is back

We were hearing it through the grapevine but it is now official; Decree Law number 13/2011 approved on Sept 16^th 2011 modifies the previous Decree Law on Wealth Tax from 1991, restoring Wealth Tax.

Pension Changes in Spain 

The Spanish government has approved new legislation related to the social security that will have several different effects, although the most notable will be with regard to the retirement age.

 Compensation and Benefit packages

Each benefit is taxed differently in Spain, and in many instances, it is more cost effective to take benefits instead of cash, as a higher-rate taxpayer is liable for 43% tax on their income.