archive-es.com » ES » L » LEXTAX.ES

Total: 332

Choose link from "Titles, links and description words view":

Or switch to "Titles and links view".
  • New reporting requirements for assets located outside of Spain
    or persons who hold or exercise control of 25 or more of the property of a legal instrument or the person who administers or distributes funds or when beneficiaries are yet to be determined the class of persons in benefit of which is set up or operates There will be no reporting obligation for those assets or rights whose value is lower than 50 000 euros considered in the aggregate for each group of assets listed above In the following year the information returns should be filed only if there are new assets or rights the values of assets or rights already reported have increased in certain cases in which ownership in those assets or rights is relinquished Penalties It regulates a system of penalties for cases in which these information models i are not submitted on time ii are submitted with incomplete inaccurate or false information or iii are presented by means other than electronic computer or telematic when those means are required These are considered very serious offenses Penalties in these cases are fixed generally in an amount of 5 000 euros per item or set of data on the same asset if the declaration has not been submitted or has been presented but includes inaccurate or false data with a minimum of 10 000 euros The amount of data or data set is reduced to 100 euros with a minimum of 1 500 euros if the information model is filed late without prior notification or when it is presented by means other than electronic computer and communication when it is compulsory to use these means Effects on income tax and corporation tax Failure to comply with this new reporting requirement in term besides the punitive consequences aforementioned also produces effects in the field of income tax and corporation tax For Personal Income Tax tenure statement or acquisition of goods or rights in respect of which the obligation to declare has not been fulfilled will be considered a taxable capital gain and integrated into the overall tax base of the oldest non prescribed tax year For the Corporate Income Tax goods and rights will be considered as acquired with undeclared income and will also be assigned to the oldest non prescribed tax period This applies to periods ending as of October 31 2012 The Act with unclear wording establishes that the imputation of rent will be appropriate to the period in which this new wording of the rule was in force We are therefore faced with a irrebuttable presumption applicable even if the taxpayer can establish that such property or rights come from a prescribed exercise However this presumption would not be applicable if the taxpayer or the taxpayer can prove that these goods and rights have been acquired With declared income which would include income regularized by special tax return regulated in the first additional provision of Royal Decree Law 12 2012 also known as tax amnesty With income earned in tax years in which the tax

    Original URL path: http://www.lextax.es/index.php/en/news/item/35-new-reporting-requirements-for-assets-located-outside-of-spain (2016-04-30)
    Open archived version from archive


  • Displaying items by tag: REPORTING
    the capital or voting rights of a legal person or by other means exercising control direct or indirect of the management of a legal person An exception is a company listed on a regulated market in the European Union or third country s equivalent The person or persons who hold or exercise control of 25 or more of the property of a legal instrument or the person who administers or distributes funds or when beneficiaries are yet to be determined the class of persons in benefit of which is set up or operates There will be no reporting obligation for those assets or rights whose value is lower than 50 000 euros considered in the aggregate for each group of assets listed above In the following year the information returns should be filed only if there are new assets or rights the values of assets or rights already reported have increased in certain cases in which ownership in those assets or rights is relinquished Penalties It regulates a system of penalties for cases in which these information models i are not submitted on time ii are submitted with incomplete inaccurate or false information or iii are presented by means other than electronic computer or telematic when those means are required These are considered very serious offenses Penalties in these cases are fixed generally in an amount of 5 000 euros per item or set of data on the same asset if the declaration has not been submitted or has been presented but includes inaccurate or false data with a minimum of 10 000 euros The amount of data or data set is reduced to 100 euros with a minimum of 1 500 euros if the information model is filed late without prior notification or when it is presented by means other than electronic computer and communication when it is compulsory to use these means Effects on income tax and corporation tax Failure to comply with this new reporting requirement in term besides the punitive consequences aforementioned also produces effects in the field of income tax and corporation tax For Personal Income Tax tenure statement or acquisition of goods or rights in respect of which the obligation to declare has not been fulfilled will be considered a taxable capital gain and integrated into the overall tax base of the oldest non prescribed tax year For the Corporate Income Tax goods and rights will be considered as acquired with undeclared income and will also be assigned to the oldest non prescribed tax period This applies to periods ending as of October 31 2012 The Act with unclear wording establishes that the imputation of rent will be appropriate to the period in which this new wording of the rule was in force We are therefore faced with a irrebuttable presumption applicable even if the taxpayer can establish that such property or rights come from a prescribed exercise However this presumption would not be applicable if the taxpayer or the taxpayer can prove that

    Original URL path: http://www.lextax.es/index.php/en/news/itemlist/tag/REPORTING (2016-04-30)
    Open archived version from archive

  • 28/09/2012
    Message enter your message here Name Email Website URL Enter the two words you see below back to top Search Tags AEAT ASSETS BRITISH CHARITY CITIZENS CITY HALL ECONOMY EU EVASION FACTA FISCAL INTERNATIONAL TAX FRAUD JAVEA LAW LAWYERS LEGAL NON RESIDENT NO RESIDENTS OCDE PROPERTY SALES REFUND REPORTING SPAIN STOLEN SUPREME COURT TAX TAXES TAX FRAUD TAX RETURN UK Category Lawyers 7 Legal 1 Tax 3 Economy 3 LEXTAX

    Original URL path: http://www.lextax.es/index.php/en/news/item/22-28-09-2012 (2016-04-30)
    Open archived version from archive

  • FRIDAY 21/09/12
    the required information where indicated HTML code is not allowed Message enter your message here Name Email Website URL Enter the two words you see below back to top Search Tags AEAT ASSETS BRITISH CHARITY CITIZENS CITY HALL ECONOMY EU EVASION FACTA FISCAL INTERNATIONAL TAX FRAUD JAVEA LAW LAWYERS LEGAL NON RESIDENT NO RESIDENTS OCDE PROPERTY SALES REFUND REPORTING SPAIN STOLEN SUPREME COURT TAX TAXES TAX FRAUD TAX RETURN UK

    Original URL path: http://www.lextax.es/index.php/en/news/item/20-friday-21-09-12 (2016-04-30)
    Open archived version from archive

  • What to do if your UK passport is lost or stolen
    to wait until you apply for a new passport It is vital you report a lost or stolen passport as soon as possible even if you don t want to replace your passport immediately The loss or theft of your passport will be recorded and forwarded to the Identity and Passport Service IPS IPS will then cancel your passport to reduce the risk of someone else using your passport or your identity Help travelling back to the UK or other destination If you need to travel urgently you may be eligible for emergency travel documentation please visit this link Replace a lost or stolen passport You can apply for a replacement passport at the same time as reporting your British passport lost or stolen Form more information click on this link What to do about a damaged passport You do not need to report a damaged passport but if your passport is damaged beyond reasonable wear and tear some airlines may not let you travel For this reason we recommend that you apply for a replacement as soon as possible You will need to send the damaged passport when you apply for a replacement The Consulate will return it once we have established your identity and confirmed that the damage is not due to fraudulent tampering Fraudulent tampering means someone trying to change the identity details or photo on a passport for example to use it illegally If you later find your passport If you find your passport after reporting it lost or stolen you must return it to the nearest Embassy High Commission or Consulate or the Identity and Passport Service in the UK It will already have been electronically cancelled but we need to take further cancellation action You cannot use your found passport for travel If you

    Original URL path: http://www.lextax.es/index.php/en/news/item/18-what-to-do-if-your-uk-passport-is-lost-or-stolen (2016-04-30)
    Open archived version from archive

  • Displaying items by tag: PASSPORT
    in order for your passport to be cancelled Identity theft is a growing crime To protect your identity please bring or send this form to the Consulate of Alicante as soon as possible You do not need to wait until you apply for a new passport It is vital you report a lost or stolen passport as soon as possible even if you don t want to replace your passport immediately The loss or theft of your passport will be recorded and forwarded to the Identity and Passport Service IPS IPS will then cancel your passport to reduce the risk of someone else using your passport or your identity Help travelling back to the UK or other destination If you need to travel urgently you may be eligible for emergency travel documentation please visit this link Replace a lost or stolen passport You can apply for a replacement passport at the same time as reporting your British passport lost or stolen Form more information click on this link What to do about a damaged passport You do not need to report a damaged passport but if your passport is damaged beyond reasonable wear and tear some airlines may not let you travel For this reason we recommend that you apply for a replacement as soon as possible You will need to send the damaged passport when you apply for a replacement The Consulate will return it once we have established your identity and confirmed that the damage is not due to fraudulent tampering Fraudulent tampering means someone trying to change the identity details or photo on a passport for example to use it illegally If you later find your passport If you find your passport after reporting it lost or stolen you must return it to the nearest Embassy High

    Original URL path: http://www.lextax.es/index.php/en/news/itemlist/tag/PASSPORT (2016-04-30)
    Open archived version from archive

  • CHARITY SWAP SHOP
    Name Email Website URL Enter the two words you see below back to top Search Tags AEAT ASSETS BRITISH CHARITY CITIZENS CITY HALL ECONOMY EU EVASION FACTA FISCAL INTERNATIONAL TAX FRAUD JAVEA LAW LAWYERS LEGAL NON RESIDENT NO RESIDENTS OCDE PROPERTY SALES REFUND REPORTING SPAIN STOLEN SUPREME COURT TAX TAXES TAX FRAUD TAX RETURN UK Category Lawyers 7 Legal 1 Tax 3 Economy 3 LEXTAX CONSULTING Lawyers Advisors Carrer D

    Original URL path: http://www.lextax.es/index.php/en/news/item/15-charity-swap-shop (2016-04-30)
    Open archived version from archive

  • Displaying items by tag: CHARITY
    AEAT ASSETS BRITISH CHARITY CITIZENS CITY HALL ECONOMY EU EVASION FACTA FISCAL INTERNATIONAL TAX FRAUD JAVEA LAW LAWYERS LEGAL NON RESIDENT NO RESIDENTS OCDE PROPERTY SALES REFUND REPORTING SPAIN STOLEN SUPREME COURT TAX TAXES TAX FRAUD TAX RETURN UK Category Lawyers 7 Legal 1 Tax 3 Economy 3 LEXTAX CONSULTING Lawyers Advisors Carrer D Avall 31 03730 Jávea Alicante España T 34 96 579 20 15 This email address is

    Original URL path: http://www.lextax.es/index.php/en/news/itemlist/tag/CHARITY (2016-04-30)
    Open archived version from archive