STORIES

Three year-end keys to lower your Spanish income tax 2017

Three year-end keys to lower your Spanish income tax 2017

The reduction of the taxable income due to the contributions made to pension plans, the solidarity award thanks to the tax credit for donations or the exemption on profitability derived from qualifying savings and retirement plans are some of the examples to reach your tax savings goal.
Fringe benefits for using company vehicles by employees

Fringe benefits for using company vehicles by employees

The use of company vehicles by employees for private purposes is qualified as a fringe benefit, which is determined, following Spanish Personal income tax rules, by 20% of the acquisition price of the vehicle, when it belongs to the employer company, or its market value if it was new, when it does not belong to it.