|
|
![]() HomePage | Contact Us | About Us |
Custom Search
|
|
|
(April 2011) Spain V.A.TThe standard VAT rate in Spain is 18%. There are also reduced rates. A reduced rate of 8% and a super reduced rate of 4%.The reduced 8% rate relates to some basic food and services, the super reduced 4% rate relates to essential food, newspapers, books etc. Some services are VAT exempt, e.g. insurance and financial services, medical services, education, welfare etc. VAT reports are filed and paid on a quarterly basis. for firms having an annual turnover exceeding EUR 6 millions the filing is monthly. Exports are exempt from VAT. Spain Real Estate Transfer Tax Companies pay a 7% transfer tax when buying a real estate from private individuals. Spain Real Estate Property Tax The annual tax is imposed by the local authority, the rates change from city to city. The rates are 0.5% -1% of the market value. Spain Inheritance and Gift Tax The tax is imposed on Spanish heirs at rates ranging up to 34%. |
© All copyrights reserved