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News in Spanish tax law for 2010

the 2010 tax changes occurring strain on the one hand the consumer and relieve the other hand, the entrepreneur.

first Increasing the value added tax (IVA)

The shopping is more expensive in Spain significantly from the second half of 2010. On 1 July connect new value-added tax rates in force. Accordingly, the general VAT rate will increase from 16% to 18%. The reduced rate of VAT, which currently stands at 7% is increased to 8%.

remains unchanged, only the minimum VAT rate at 4% there, which concerns mainly basic foodstuffs and printed materials.

kind	previous tax rate	new tax rate
IVA general	16%	18%
IVA reducido	7%	8%%
IVA superreducido	4%	4%

second Temporary reductions in corporate taxes (IS)

In contrast to the natural persons who have to accept a tax increase, are certain companies to benefit from tax relief.

Under the condition that they reduce their workforce is not 2010, and are lower for company size (maximum 25 employees, less than 5 million in sales) some temporary relief. For the fiscal years 2009 to 2011 they will be rewarded with lower tax rates.

income	rule tax rate	Reduced tax rate
to € 120,202.41	25%	20%
to 120,202.41 €	30%	25%

This measure is the progressive loss of jobs slowed, while the economic situation of the hard-hit by the crisis PYMES (small and medium-sized enterprises) will be improved.

third Increasing the capital gains tax (Impuesto sobre las Rentas de capital )

will also increase the capital gains tax, so the tax on interest income, investment income must be paid, etc.. This increases the cost in future saving and investing.

income	previous tax rate	new tax rate
to 6,000, - €	18%	19%
from 6.000, - €	18%	21%

4. Income tax (IRPF)

fall in income tax, including the following changes:

a. deletion of the allowance of 400, - €

Zapatero one of its most controversial measures undo. The reduction in income tax from 400, - €, which was introduced just over a year, virtually abolished with effect from 01.01.2010.

applies in full to the benefit only for future annual income of less than 8.000, - €. In income from 8000.01 to 12,000, - € will be granted the privilege still, with increasing Income but reduced proportionately.

b. Deductions for sole proprietors

Because of the similarity of the companies should come to self / individual entrepreneurs who keep their workforce stable, to enjoy a tax advantage. Condition is also here that the annual turnover is less than 5 million euros and the average sole proprietor has no more than 25 employees.

Maintaining all jobs or even increase this, here is a reduction of taxable income for income tax by up to 20%.

c. Change in the so-called Beckham Act

With effect from 01.01.2010 and finally connect changes to the controversial so-called Beckham's law in force.

This law aims to promote the immigration of foreign trained personnel (such as name to David Beckham) to Spain through the grant of tax privileges. The immigrant executives needed so far in the first six years are in their stay in Spain instead of the highest tax rate actually applicable only 24% taxes.

This rule is unchanged continued only for those executives whose annual income under 600.000, - Euro. Who earns more, but now must pay the 43% income tax. The top migrant workers are treated so that the remaining taxpayers.

income	IRPF	Beckham - Law
to 17 360, - €	24%	24 %
bis 32.360,- Euro	28 %
bis 52.360,- Euro	37 %
ab  52.360,- Euro	43 %
from 600.000, - €		43%

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The main Spanish taxes

IVA - Impuesto sobre el valor añadido

In IVA is a sales tax, so a tax on the exchange of services, payments must be paid (purchase of goods, provision of services). It is similar to the German VAT.

There are three types of IVA (general, and reducido superreducido), which are distinguished by the applicable percentage. The statutory tax rate IVA (general) is currently at 16%, but will be in July 2010 increase to 18%.

(For comparison: In Germany, the VAT rate since 2007 is 19%).

IRPF - Impuesto sobre la renta de las personas físicas

The IRPF is a direct tax on income of individuals resident in Spain and Germany compared with the income tax.

is a tax on all income of a person, so any income from employment or self-employment and entrepreneurial activity, and all Capital gains. The amount of the tax rate depends on the level of income to between 24% for low income and 43% maximum rate.

(For comparison: In Germany, the top rate is about 47.5%).

IS - Impuesto sobre sociedades

The IS is the direct taxation of companies based in Spain and legal persons. This tax is also the whole of the income of the company. The statutory tax rate is 35%.

ITP / AJP - Impuesto sobre transmisiones patrimonial y actos Jurídicos Documentados

The ITP / AJP is a tax which arises in the transmission of certain legal interests or the creation of rights. This tax will include the purchase of a house or a car, the establishment, merger, division or dissolution of companies and other corporate transactions, and the construction of deeds.

Plusvalía - Impuesto sobre el incremento de valor de los Terrenos de naturaleza urbana

When Plusvalía is a tax increase in the value of urban land, houses and flats which is produced during each transfer (ie sale, gift and inheritance), and each establishment or transfer of real rights.

IBI - Impuesto sobre bienes inmuebles (also called Contribución )

All owners of real property each year must pay a property tax to their community. This affects both urban, and rural real estate is taxed and the mere ownership.

IP - Impuesto sobre el patrimonio

This is a property tax, which does not concern the average population. Requirement is a minimum annual income is in excess of € 108,182.18. The tax rate rises with increasing power and is between 0.2 and 2.5% of income.

ISD - Impuesto de sucesiones y donaciones

this gift and inheritance tax is always formed when heirs acquire following the death of another person's legal interests or when people receive a gift, the one exceed certain value.