Latest posts Archivos - Page 9 of 17

Among the deductible expenses for self-employed are vehicle expenses, including the possibility of deducting gasoline. However, in order to deduct the purchase of a car or fuel, it is necessary to meet certain requirements. Buying a new car Individuals who have purchased a new car may deduct the VAT from said purchase if they use...

The pensions of the self-employed will rise in 2023

30 December, 2022FirmalexBusiness consultancy, Labour consultancy, Latest posts

From the State an agreement has been reached during the negotiation of the approval of the General State Budgets (PGE), including in them a measure that can benefit almost half a million pensioners . The measure consists of the extension of the aid that was launched in the summer, and which involved an extraordinary increase...

Tourist rental taxes for non-residents in Spain

23 December, 2022FirmalexLatest posts, Sale and purchase of real estate, Tax consultancy, Taxes in Spain, Uncategorized

A very profitable activity for some years due to the growth in demand is tourist rental. Taxes are applied to this activity, there are taxes for residents and taxes for non-residents. What is considered a tourist rental The tourist or vacation rental is one in which the owner gives up his home for other people...

Inheritance tax rebates for non-residents in Spain by regions

16 December, 2022FirmalexInheritance in Spain, Latest posts, Tax consultancy, Taxes in Spain

Inheritance tax is a tax directly related to inheritance and donations and is payable by both residents and non-residents of Spain. When is it compulsory to file Inheritance Tax for non-residents? When a non-resident individual receives an inheritance or donation in Spain, he/she is obliged to self-assess the Inheritance and Gift Tax at the Tax...

New aid for paying mortgages

9 December, 2022FirmalexLatest posts, Sale and purchase of real estate, Tax consultancy

A package of measures aimed at offsetting the impact of the rise in Euribor on mortgage holders has recently been approved. The agreement has been reached by the employers’ associations, the Bank of Spain and the Ministry of Economy, affecting one million people with mortgages. The vice-president Nadia Calviño explained that the banks will have...

Expenses that a self-employed person can deduct even if they do not have an invoice

2 December, 2022FirmalexBusiness consultancy, Latest posts, Tax consultancy, Taxes in Spain

The self-employed do not need an invoice to justify expenses such as employee salaries or the RETA fee. Can a self-employed person deduct an expense without an invoice? As a general rule, a self-employed person cannot deduct an expense if he/she does not have an invoice, especially in the management of the VAT tax. However,...

News in the Renta 2023 for self-employed workers

25 November, 2022FirmalexBusiness consultancy, Latest posts, Tax consultancy, Taxes in Spain

The IRPF (Personal Income Tax) will be reduced for self-employed workers who are in the objective estimation regime, among other new changes. The 2023 income tax return will include important new features for the self-employed. These include a five-point reduction in Personal Income Tax for those who are in objective assessment, as well as a...

Inheritance of a foreigner: taxes and problems in inheritance

18 November, 2022FirmalexInheritance in Spain, Latest posts, Legal consultancy, Taxes in Spain

The inheritance of a foreigner who has assets in Spanish territory has some complexities that are not found in the inheritance of Spanish nationals. For this reason, the best thing to do in these cases is to take measures to ensure that the inheritance in Spain is distributed quickly and easily. What happens with the...

What are the main expenses when buying a house in Spain?

11 November, 2022FirmalexLatest posts, Legal consultancy, Sale and purchase of real estate, Tax consultancy, Taxes in Spain

In our country most people buy a house at some point in their lives. When one is going to take the step it is very advisable to know which are the main expenses when buying a house since they will influence the total price of the acquisition. The total disbursement that will be necessary to...

Deductible hard-to-justify expenses for self-employed workers increased to 7%

4 November, 2022FirmalexBusiness consultancy, Latest posts, Tax consultancy, Taxes in Spain

On 1 January 2023, the new contribution system for the self-employed based on real income will come into force, which also includes a change in the percentage of deductible expenses that are difficult to justify, without the need to have an invoice, which will increase from the current 5% to 7%, except for the self-employed...

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Deductible vehicle expenses for self-employed