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European VAT number and Intra-Community Invoice

If you sell your products or services to other countries members of the European Union, or you buy from them, you need to register your business in the ROI ( Intra-Community Operators Registry) if you want to benefit from the IVA zero rate that applies to transactions between these traders.

Private Health Insurance is Tax Deductable

If you are thinking of getting a health insurance for yourself or your employees learn what is the most tax efficient way.

What is the rent ‘retention’ and when does it apply?

When we rent premises to be used for a business activity (office, garage, warehouse, shop….), the tax legislation obliges the tenant to withhold part of the payment due to the owner, called retention, and pay it directly to the Spanish Tax Agency in the concept of Owner’s Income Tax.

What expenses can you offset against tax?

Learn what expenses are acceptable by Hacienda to be offset against your incomes to reduce tax liability.

Standard Depreciation Rates

When an individual or company buys an asset that will have a utility life over a number of years the tax system does not allow for the deduction of its cost as an expense in the year in which it was purchased.

Can I include part of my rent as a business expense?

If working from home putting your rent as a business expense might be an option. Is it always worth-doing? This is not a straight forward issue. You rent your house with residency purposes and therefore IVA is not included in the monthly payment. That is not so when you rent for business purposes.