Madrid
Recent tax reforms in Spain: Time to review your structure?
Recent months have seen a flurry of activity by the Spanish government in the tax area. On the one hand, as we have been pointing out in earlier articles, various tax laws are being amended; on the other, Spain is renegotiating, one by one, the…
The spanish financial goodwill on the acquisition of foreign companies as state aid (again?)
On July 17, 2013, the EU Commission announced the commencement of a new state aid investigation procedure concerning the amortization of the financial goodwill regulated in article 12 (5) of the Spanish Corporate Income Tax Law (the “CIT Law”). This…
Spain: Does the sun attract unforeseen tax consequences? New obstacles to tax-neutral insurance portability within the EU
It is a well-known fact that thousands of European citizens -British, German, Danish, Swedish, among others- choose Spain as their retirement destination, attracted by our weather and the quality of our medical services, after a long working life…
SOCIMI: A true Spanish REIT!
Spain launched a very particular type of REIT in 2009, the SOCIMI (“Sociedades Cotizadas de Inversión en el Mercado Inmobiliario” or “Listed Corporations for Investment in the Real Estate Market”), with a tax regime that was very different from any…
Limitation of liability: a warning from Spain
In a recent decision, a Spanish court held that a ship owner was not entitled to limit its liability with respect to damages caused to adjacent yachts due to a fire spreading on board his yacht while berthed.
MEASURES TO SUPPORT ENTREPRENEURS, STIMULATE GROWTH AND CREATE EMPLOYMENT
Royal Decree-Law 3/2013 on measures to support entrepreneurs and create employment, and other measures contained in Royal Decree-Law 4/2013
Updates Labour 3-2013
ORDER ESS/56/2013, OF JANUARY 28, IMPLEMENTING THE STATUTORY PROVISION ON CONTRIBUTIONS FOR SOCIAL SECURITY AND UNEMPLOYMENT COVERAGE, BUSINESS INCOME PROTECTION, TO THE WAGE GUARANTEE FUND, AND FOR PROFESSIONAL TRAINING SET FORTH IN LAW 17/2012, OF…
Labour Updates 2-2013
ROYAL DECREE-LAW 1/2013, OF JANUARY 25, 2013, EXTENDING THE VOCATIONAL RETRAINING PROGRAM FOR INDIVIDUALS EXHAUSTING THEIR UNEMPLOYMENT BENEFIT AND OTHER URGENT MEASURES ON EMPLOYMENT AND WELFARE FOR THE UNEMPLOYED
Updates from Spain on marine insurance: adding sue and labour expenses to a total loss claim beyond the amount insured only if agreed upon in the contract
In a recent decision of the Commercial Court of Madrid, the court held that the sue and labour expenses incurred while attempting to save a vessel were not recoverable in addition to a total loss claim where the policy explicitly included a limit on…
Newsletter Sports&Entertainment - June 2012