Sun, 8 November 2009
The exhibition includes scenes from many of the famous director's movies and his wife's work as his photography director.
Gwendolyn Alston wonders if good and personalised service in Spanish restaurants is a thing of the past.
Any bones found in the mass grave in Alfaca will be sent for analysis to enable families to identify their ancestors.
Blogger Chris Showers experienced a cultural shock upon his first visit to an outspoken and talkative Spanish dentist.
| Index | Last | Var.(%) |
|---|---|---|
| BEL 20 | 2119.3 | 0.50 |
| DAX | 5252.45 | 1.50 |
| IBEX 30 | 10726.8 | 0.59 |
| CAC 40 | 3377.59 | 1.40 |
| FTSE 100 | 4564.5 | 0.79 |
| AEX | 276.85 | 0.95 |
| DJIA | 9096.72 | -0.13 |
| Nasdaq | 1975.51 | 0.39 |
| FTSE MIB | 20341.67 | 1.65 |
| TSX Composite | 10570.54 | -1.74 |
| ASX | 4148.9 | -0.60 |
| Hang seng | 20135.5 | -2.37 |
| Straits Times | 0.00 | |
| ISEQ 20 | 442.48 | 0.27 |
It is the ultimate sign you have made it, but owning a speed boat has hidden tax implications. Our expert explains.Purchase of a new boat in Spain
registered under Spanish Flag (Length above 7.5 metres)
Acquisition by an Individual
If the boat is purchased by an individual in Spain there is no way to avoid these taxes. However, there are some ways of reducing the financial burden by purchasing the boat using the services of a Leasing Company. This is due to a difference in interpretation by member states of the EU as to the “place and supply of goods” and the “place and supply of services” in the application of VAT collection. Some jurisdictions in Europe, like France or Italy consider that depending on the length of the boat there is going to be a certain use of the boat outside EU waters which allows buyers to benefit from lower VAT tax rates.
In Spain, as we said before, there is no a direct tax benefit for the buyer, but as for the French or Italian financial company, which provides the lease, they can benefit from these lower rates in their countries. Therefore they are able to offer to anybody who buys a brand new boat in Spain a financial option that involves a total payment after four years that is the same as the full payment up front.
The Spanish Boat Tax System Explained
The aim of this article is to explain some key questions about tax and leisure boats in Spain. The Spanish tax system is one of the hardest in the EU.
The two main taxes to consider when we buy a boat in Spain or take a boat to Spain are the VAT and the registration (Matriculation) tax.
Any citizen of the European Union has the obligation to register their craft in the country where they have their usual residency.
The Spanish law requires to register, under the Spanish flag, any boat used inside a Spanish territory by a Spanish tax resident.
The concept of Spanish tax residency is defined in the Spanish Personal Income Tax Law, which establishes that any person becomes a Spanish Tax resident if they spend more than 183 days in any one calendar year in a Spanish territory.
I have a British registered boat which I purchased in Spain, it is commercially coded as a training vessel. I pay local Spanish taxes, do I still need to pay the full Matriculation Tax?
Before you head out to explore the new city, make sure your paperwork's all done by referring to our guide.
Looking for a job just got harder with the global recession. Here’s a guide to make things a tad easier.
This in-depth profile of Spain includes geography, people, government, economy and transnational issues.
Twitter
LinkedIn
Facebook
Flickr
General rating: Not rated yet
Rate article:
Add my rating