The legislation in question by DMS Consulting obliges the resident taxpayers in Spain to present Informative Statements over assets and rights abroad (Application 720), an obligation in addition to the duty of paying tax on them. According to DMS Consulting, the legislation is incompatible with the Community Law as it presents an important restriction to [...]
An obligation for 2012, with serious consequences if not carried out. Any person, residing in Spain, who is a titleholder of assets and rights located abroad (bank accounts, values, real estate, insurance, etc.) must give very detailed information about the same to the Spanish Treasury, presenting an informative declaration during the first quarter of the [...]
Some time ago we have created a blog where the lawyers, tax advisors and economists from DMS- Consulting frequently publish news and reports about every legal subject (labor law, administrative law, tax law, civil law, criminal law etc.) and accounting: (http://www. consultingdms. com) Following the line of COPYLEFT, which goes back to the idea of [...]
TAX OBLIGATIONS FOR REAL ESTATE PURCHASE BY NON-RESIDENTS IN SPAIN a) The SELLER IS A PRIVATE INDIVIDUAL The buyer must pay to the Balearic Treasury the PROPERTY TRANSFER TAX (ITP) on a scale of 7 to 10% of the value of the propert. On our web page www.consultingdms.com you can find a TOOL FOR AUTOMATIC [...]
