Asec News

ENERGY SAVING MEASURES AND NEW LEGISLATION IN RELATION TO THE REQUIRED MINIMUM CERTIFIED STANDARDS THAT ALL SPANISH HOMES MUST HAVE.

The Social Security authorities are in the process of notifying all employers that they will very shortly be required to register with their electronic communications system, known as RED.

Their objective is to make RED the main (if not the only) means of communication between them.

Employers will therefore be receiving a communication informing them that they must assign individuals…

The Spanish tax authorities and the US ambassador in Spain recently signed an agreement which brings them into line with other FATCA signatories.

This agreement formally comes into place on the 1^st January 2015 but collection of information has already started for 2013, and it’s expected that the same will happen in 2014.

Spain and the US have in addition agreed to mandate…

ASSETS SITUATED OUTSIDE SPAIN AND THE OBLIGATION OF HAVING TO REPORT THEM.

A new law to fight against tax fraud came into force on 31st October 2.012. This law was processed urgently as a way of encouraging the tax amnesty in its final stretch.

The general elections held in Spain last November brought about a change of government with the right wing PARTIDO POPULAR securing a comfortable majority in parliament.

Spain, as we all know, has a growing population of EU nationals who have made this country their home.

The Spanish government has announced plans to ban all cash transactions of more than 2,500 euros, in an effort to clamp down on the rampant black economy and tax evasion in Spain.

The Ministry of the Treasury and Public Administration Services, together with the Ministry of Employment and Social Security, is providing a new service for people through the electronic office of the State Secretariat for Public Administration Services.

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).

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