Any person planning to form a Company in Spain must have clear all the fiscal obligations which must be fulfilled beforehand. At Welex we can guide you and ensure that all steps are taken.
- Obtain a CIF in Spain (Fiscal Identification Code).
- Inform the authorities of the activity or activities which the company is going to undertake.
- Depending on the type of activity which is going to be done, the company must register at the Spanish Inland Revenue on the exact fiscal obligations required.
The below are some of the most common Fiscal Obligations, but please note that your new company might be subject to some but not necessary all the following obligations:
- Company Tax declaration in Spain– submitted on an annual basis – 6 months and 25 days after the closedown of the fiscal period.
- Spanish Company Tax Advance payments declaration – submitted between the first and twentieth day of the month of April, October & December.
- In the event that your company is liable to an activity subject to VAT in Spain. Spanish VAT declarations – submitted on a quarterly basis plus one yearly informative summary.
- Labor & Professional Retentions – submitted on a quarterly basis plus one yearly informative summary.
- Rentals Retentions– submitted on a quarterly basis plus one yearly informative summary.
- Income from Capital Retentions– submitted on a quarterly basis plus one yearly informative summary.
- EU VAT – submitted on a quarterly or annually basis depending on the volume of the transactions.
- Annual Statement of operations with third parties in Spain – submitted on an annual basis at the end of February after the fiscal period has ended.
Unless already mentioned the quarterly declarations will normally be due between the first and twentieth day after the end of the quarter. Therefore, they will be due during the months of April, July, October and January. And, when subject to a further annual informative declaration this will coincide with the fourth quarter presentation.
Do not hesitate to contact the accountants and tax advisers of our firm in Marbella. Welex, offers you all-round services throughout Spain.
WELEX: SPECIALISTS AT SPANISH COMPANY LAW
Definition of Spanish Commercial law: We can define Commercial Law as a set of principles and rules that regulates the status of entrepreneurs and their specific activities.
Commercial Law regulates, among other matters, the formation of companies and their classes, liquidation of mercantile companies, maritime commerce, bankruptcy.
Linked to trade issues is Competition Law and Industrial Property, which includes industrial designs, trademarks, trade names and patents. The trademark is used to recognize your products and services from your competitors, and grants you the exclusive right to use it for ten years, and to renew the same for successive periods of other ten years.
The commercial planning of your company in Spain is important to avoid tax liabilities.
Our lawyers specialised in Commercial Law are committed to providing advice on:
- Setting up companies.
- Stock capital increase and decrease.
- Transfer of registered office.
- Consultancy service on the corporate object.
- In case you decide to finish your activity in Spain, dissolution and liquidation of the company.
From Marbella, in the province of Málaga (Spain), we offer professional and efficient legal and tax services throughout the whole of Spain.
Our lawyers specialized in Commercial Law will be happy to attend any kind of commercial and tax consultation, to assist you in fulfilling your tax obligations as an entrepreneur and professional. Quality is our commitment. Find out more about our comprehensive service for you and your company by hiring our services relating to Spanish Company Law.
Do you already own a company in Spain? Feel free to contact our accountants in Marbella now for any accountancy and tax enquiry!
Obtain more information as our firm in Spain has a specific website about accountancy and tax.
Do you need legal advice about a property in Spain?
Welex has a team of professionals, composed, among others, of lawyers and economists, experts in the purchase and sale of real estate, both in the legal and fiscal sides of the transaction. Clarify your doubts, do not wait to ask for advice. Contact our offices without any commitment, we will be willing to help you.
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