How does Brexit affect British workers in Spain? It means that UK nationals (England, Scotland, Wales and Northern Ireland) are no longer considered citizens of the European Union (EU). However, a transitional period has been established during which EU legislation on free movement will continue to apply. The transitional period will end, unless expressly extended,…
The Minimum Interprofessional Salary for 2020 was agreed on Wednesday 22 January 2020. The agreement between the government, employers and unions, referred to increase the minimum interprofessional wage (SMI) by 5.5%. Thus reaching 950€ per month in 14 annual payments. This increase was reflected in the Royal Decree Law 231/2020 of 4 February, and retrocedes…
Form 347 is an Annual Information Statement of the operations with third parties that have been carried out during the fiscal year. Business people and professionals are obliged to file this form whenever they have carried out transactions with third parties for an amount exceeding 3,005.06€ during the calendar year. Separately computing deliveries and acquisitions of…
The Form 720 or Annual Mandatory Information Statement of Goods and Rights located abroad is open for filing until the next 31/March. We refer to the one corresponding to the 2019 fiscal year. From our Tax Consulting Department we remind you what it consists of, as well as the corresponding obligations and responsibilities. In practice,…
New criterion of the Municipal Capital Gain according to the Constitutional Court. In previous articles, we have dealt with the scope of the declaration of unconstitutionality of the 2017 Constitutional Court ruling on the IIVTNU, known by all as the municipal capital gain. And this is how we will refer to this tax from now…
The Bonus for Reduction in Labour Accidents in companies is provisionally suspended. On previous occasions we have published how to apply for this bonus. Which consists of applying for the reduction in contributions for professional contingencies. For companies with a low rate of occupational accidents. And provided that they have implemented effective measures in the…
The Pension Increase in 2020 is approved by RDL 1/2020 of 14 January. It includes, among others, the revaluation of pensions and public benefits of the Social Security system. Effective 1 January 2020. This RDL establishes a revaluation of the pensions and other benefits paid by the Social Security system, in its contributory and non-contributory…
The Application of Active Retirement raises some controversies with the Social Security (INSS). Article 204 of the General Law on Social Security (LGSS) defines the economic benefit for retirement in its contributory modality. It is a unique benefit for each beneficiary. And it consists of a lifetime pension that will be recognized to the working…
New Retirement Age from 1 January 2020. As a result of the amendment to the Pension Act (2011), the retirement age is gradually being raised to 67 in 2027. This situation is the result of a transitional provision which indicates the retirement age and the contribution period required each year until 2027, when the age…
Below is the Madrid Labour Calendar for the year 2020. Specifically, we focus on the city of Madrid, although we also add the holidays by location. Our experts from the Labour Consulting Department summarize it below. Madrid Labour Calendar 2020 The Directorate General of Labour declares the following holidays unfit, paid and non-recoverable in…
