Employment, Payroll and Dismissal

Posted by & filed under Running a business in Spain.

Employment In Spain, the legal minimum employment age is 18. However, 16 and 17 year-olds are allowed to work with parental consent. All employees must be provided with an employment contract on or prior to their first day of employment. It is possible to have a trial period (periodo de prueba) included in an employment… Read more »

Corporate Tax Rates 2022

Posted by & filed under Running a business in Spain, Tax advice.

Residence According to Spanish law any company incorporated in Spain, with a registered office in Spain or its effective management in Spain, is resident in Spain and subject to Spanish tax. Resident companies are charged corporation tax on worldwide profits and capital gains. Non-resident companies are taxed on their Spanish-source income and gains, according to the… Read more »

Spanish VAT (IVA)

Posted by & filed under Running a business in Spain, Tax advice.

Value Added Tax (IVA): This tax is applicable to any taxable supply of goods or services made in Spain by a taxable person as part of their business. It is not restricted to the provision of goods and services by way of sale but also applies to other forms of transaction. For VAT purposes, the… Read more »