by Natalie | Mar 16, 2022 | Legal & Financial
The use of pleasure crafts and yachting has experienced an important boom in recent years. The variety of designs and new materials used in the construction of vessels has led to both a proliferation of models on the market and an improvement in the conditions of...
by Natalie | Mar 5, 2022 | Legal & Financial
VAT must be paid on any yacht sailing EU waters unless it falls under the temporary import relief. The rules are not prescriptive about the basis for VAT except that it should represent the market value, but if you have bought it recently the price you paid could be...
by Natalie | Feb 2, 2022 | Legal & Financial
As general idea the introduction in EU territory of a pleasure craft is subject to Import VAT dispatch unless she is in one of these two situations: Temporary Import VAT relief Returned goods VAT relief In this article we will focus on the last one. You might have...
by Natalie | Dec 13, 2021 | Legal & Financial
In Spain whenever you sold real estate no matter if you had profit or loss you were obliged to file and pay to the Town Hall the Local Ground Tax that burdens the Increase of Value of Urban Land (Impuesto sobre el Incremento del Valor de los Terrenos Urbanos, IIVTNU,...
by Natalie | Nov 23, 2021 | Legal & Financial
It looks like we may have inflation on the global economic horizon, but we might not. If we have it, it might be a problem, or it might not. It’s one of those all too common occurrences where they say if you put ten economists in a room, they will emerge with eleven...
by Natalie | Nov 1, 2021 | Legal & Financial
Among the main measures contained in Law 11/2021, of 9 July on the prevention and fight against tax fraud regulation, (Ley 11/2021, de 9 de julio, de prevención y lucha contra el fraude fiscal) , are the limitation of cash payments and the threshold for appearing on...
