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2 Apr. 2014 The Spanish General Directorate of Taxes, through recently published binding ruling, has declared that controlled foreign corporation tax regime (CFC) does not apply to Luxembourg Specialized Investment Funds (SIF) set up for valid economical reasons undertaking business activities fully and effectively in […]

2 Apr. 2014 These jurisdictions will not qualify any longer as tax havens for Spain and Bank secrecy cannot be an objection. Similar tax agreements will be signed soon with St. Vincent and the Grenadines, St. Lucia, Cook Islands and Monaco, as well as Double […]

19 Mar. 2014 A Committee of Experts submitted last Friday March 14th a total of 125 proposals for tax reforms. The Spanish Government has already announced that theses proposals will be taken into consideration, subject to further study and definitive approval, thus some recommendations will be […]

5 Mar. 2014 The GGI Real Estate Practice Group presents the fifth edition of FYI Real Estate News informing on latest developments in the Real Estate sector, successful mandates, trends, changes in legislation and further contributions related to Real Estate topics, written by GGI Practice […]

5 Mar. 2014 The Law of Entrepreneurs approved by the Spanish Government last September 2013 gives the possibility of obtaining a Spanish VISA permit for non EU investors. We are pleased to inform that we have been assisting in this process to one of our […]

5 Mar. 2014 On February 26, the European Parliament supported a Standard VAT return that will replace national VAT returns and will reduce compliance costs. The standard VAT return will ensure that businesses are asked for the same basic information, within the same deadlines, across […]

5 Mar. 2014 A new global standard will be effective by the end of 2015 for automatically exchanging information between tax authorities, as agreed last 23 February 2014 in Sidney. A decision on the technology needed and detailed rules on how governments will swap tax […]

12 Feb. 2014 The main factor to deem someone Resident in Spain for fiscal purposes is the criterion on the center of activities and interests. Other factors may help to tip the balance in favor. Proving that someone has stayed in Spain more than 183 […]

12 Feb. 2014 For the second year, taxpayers Resident in Spain must comply with the reporting obligation on assets held abroad which submission deadline is next 31st March. Those who submitted tax form 720 last year are obliged to report again this year only in […]

3 Feb. 2014 Please find the latest issue of GGI Insider on the following link:   http://press.ggi.com/insider/69/