Start your own group! All DESIGN 21 members have the ability to create organizations.

Create A Group
BP Holdings - (goldstoner)

BP Holdings - (goldstoner)

Communication, Community, Education

1 Supporter

  • Tax Year 1st January to 31st December - Bp Spain Holdings

    Community, Communication Design

    Bp_holdings_logo

    http://www.ipernity.com/blog/282289/477241?t=83452&c=1&s Spanish Tax Facts Taxation in Spain occurs at a national level and at a regional (‘Autonomous Community’) or municipal level. The Spanish taxation system was subject to a significant review in 2007 that resulted in the introduction of a new Personal Income Tax Act. The tax regime in Spain is controlled by the Ministry of the Treasury. Tax Year 1st January to 31st December. Assessment Basis Spanish residents are taxed on their worldwide income (earned and unearned), capital gains from all sources and on their worldwide assets. Spain operates a self-assessment regime. For personal income tax purposes, married couples may choose to file tax returns jointly or separately. Income Tax Spanish residents are subject to Spanish Personal Income Tax (‘IRPF’). Individuals and couples benefit from personal allowances which reduce their liability to tax and which increase in line with the number of dependent children. A new structure has been created for the taxation of income, which now falls into two categories: the general base and the savings base of income. The general base includes salary and other benefits from employment, income from economic activities, and property rental income (either actual or deemed). Such income is reduced by applicable deductions and allowances. It is subject to a progressive scale which is applied to successive portions of taxable income with rates ranging from 24% to 43%*. In the autumn of 2011 a new tax bracket was introduced for higher income earners as an austerity measure, with income over €175,000 now subject to a 45% rate. The savings base is subject to a 19% tax rate on savings income up to €6000 and to 21% on the excess and includes interest, dividends, and capital gains/losses paid to residents in Spain, together with life and disability insurance proceeds paid to Spanish residents by a Spanish entity (or an EU insurer operating on a Freedom of Services passport into Spain) where any investment element is limited to Spanish tax compliant funds. Tags: code 85258080768, bp spain holdings http://www.bpspainholdings.com/ http://www.newsmeback.com/story.php?title=-bp-spain-holdings-spanish-tax-facts

Leave a Response

Fields marked * are required


No file selected (must be a .jpg, .png or .gif image file)


Once published, you will have 15 minutes to edit this response.

Cancel

BP Holdings

Join This Group

BP Holdings - (goldstoner)

Portsmouth, England AB10 1BE
United Kingdom

Contact BP Holdings - (goldstoner)
http://goldstonerBPHoldings

Moderator: eadger goldstoner