Payroll withholding taxes during sales season

expertos-en, Payroll withholding tax rate

In January of each year, employers calculate the annual Payroll withholding tax rate on the employment income that employees are expected to receive. This includes any foreseeable variable payment in favour of the employee as well as the fixed salary. It goes without...

The General Directorate of Taxes clarifies the taxation of companies’ Directors in relation to their Personal Income Tax

expertos-en, Payroll withholding tax rate

The Personal Income Tax Law includes, amongst income from work, all the payment received from the functions inherit to the position of the Director, regardless of whether an employment contract has been formalised or not. The jurisprudence of the Spanish Supreme Court...

Impact of the Spanish Personal income tax on real estate investments profitability

expertos-en, Payroll withholding tax rate

Another important point to take into account is the different treatment applying to a touristic property rental.Since we are nowadays immersed in the Spanish Personal income tax filing season, we deem it convenient to remind you which is the treatment, in terms of...

The assignment to employees of energy efficient vehicles reduces Personal income tax

expertos-en, Payroll withholding tax rate

The recently approved Personal income tax regulations introduce a maximum reduction of 30% in the assignment of energy efficient vehicles by companies to their employees, for their private use. With this new measure, the quantification of the employee’s fringe benefit...