International pressures adding weight to Spain’s tax agenda mean complications for companies
The high-profile tax amnesty for individuals and companies based in Spain to declare offshore assets has received much criticism since it finished in November 2012, says Javier Morera, Tax Partner at Broseta.
Taxing the rich may be a contentious issue in the crisis, but the Spanish Government has made its intentions clear in targeting high-net worth individuals
Portugal is attempting to re-establish itself as a centre of foreign nationals. It has brought in new regimes for ‘golden visas’ and expatriates taxes to enhance its attraction as an investment centre, says Tiago Marreiros
The Portuguese Government’s decision to convene a Committee to explore new corporate tax initiatives presents an opportunity for decisive change
An important new tax measure in Spain for 2013 is the legislation that will give companies a one-off possibility to re-evaluate their balance sheet, says Carlos López, Head of Tax at BDO Abogados y Asesores
The Spanish Government recently approved new tax measures to tackle the economic crisis and stimulate the economy. The new austerity measures have introduced significant amendments in Corporate Income Tax, Personal Income Tax and Value Added
Restructuring of the Spanish banking sector, the ‘banco malo’ and the EU bank bailout are finally having a positive effect on the markets.
The Troika Memorandum has already prompted a wave of reforms, and the latest pillar of Portugal to come under pressure is the professions.
The European Commission sends the market a clear signal that it will not stand for breaches of its competition regulations.
