by Natalie | Apr 25, 2017 | Legal & Financial
ALBORS GALIANO PORTALES hires partner Miguel Angel Sierra to boost their yachting practice in the Balearic Islands ALBORS GALIANO PORTALES continues to strengthen its practice areas by boosting its yachting practice in response to increased demand in the area,...
by Natalie | Apr 19, 2017 | Legal & Financial
UK dividends rose sharply in 2016, boosted significantly by the weaker pound and special payments. While politics has thrown up plenty of surprises in recent months, the latest figures from the Dividend Monitor from Capita offer a reminder that leading stock markets...
by Natalie | Apr 11, 2017 | Legal & Financial
As is well known, chartering in countries like France, Italy or Malta can benefit from really reduced VAT rates on charter fees. This is not the case in Spain. What is the reason why? Let’s find out what are the legal grounds on which this VAT reduction is based and...
by Natalie | Apr 4, 2017 | Legal & Financial
Most commercial yachts based in Spanish marinas are owned by European companies, which in many cases are registered for VAT purposes in their respective countries. It is very often that local Spanish suppliers and clients end up in a conflict situation over whether...
by Natalie | Mar 25, 2017 | Legal & Financial
As The Islander closed for press it seems that we are a few days away from British PM Theresa May triggering the infamous Article 50, and starting the two year countdown clock that will end with Britain’s exit from the European Union. There is, of course much to be...
by Natalie | Mar 21, 2017 | Legal & Financial
To date, the current approach of the Spanish tax agency on yacht chartering operations in Spain is that this kind of income is classed as a business profit in accordance to the OECD international tax conventions. Therefore, in absence of a double tax treaty in place...
