TAX MEASURES CONTAINED IN THE DRAFT LAW ON STATE BUDGET FOR 2011 Income Tax of Individuals update coefficients of the acquisition value for the transfer of property: the coefficients are updated for value acquisition for purposes of determining the gain or loss that is manifest in the transfer of property not used for economic activities to be carried out during 2011.
Reduction for obtaining employment income : maintenance, effective for 2011, the amount of the reductions by obtaining employment income and earned income. Minimum
personal and family: in 2011 remains the minimum amount per taxpayer, descendants, parents and disability applicable in 2010. Scale
general and complementary Tax: Adopting a new scale that adds two new sections to rise, with respect to the applicable in 2010, the top marginal rate of bases between EUR 120,000.20 175,000.20
Removing the deduction for birth or adoption : with effect from 1 January 2011 the said deduction shall be deleted. However, for births or adoptions produced or constituted, respectively, in 2010, allowed the right to it in that tax period, provided that the Civil Registration must take place before January 31, 2011, being able to apply for adoption before that early date perception of the deduction.
investment deduction residence, with effect from January 1, 2011, amending the above deduction, eliminated for taxpayers with taxable incomes greater than or equal to 24,107.20 per year, so may only be applied deduction taxpayers whose tax base is less than 24,107.20 per year. No However, there is a regulation of transitional arrangements for those taxpayers whose taxable income exceeds EUR 17,724.90 per year who acquired their main residence or amounts paid prior to January 1, 2011 and those whose tax base exceeds 17,738 , 99 per year that would have satisfied amounts to the execution of works and facilities for adequacy of residence of persons with disabilities prior to January 1, 2011. Deduction
rent for the residence : with effect from January 1, 2011, the deduction applies only to taxpayers with taxable income less than 24,107.20 euros.
Reduction
housing lease, with effect from 1 January 2011, increases of 50 percent to 60 percent reduction of net income for rental housing and for the purposes of applying the 100 percent reduction is reduced from 35 30-year age of the tenant. There are also transitional arrangements in order to implement the reduction of 100 percent when the lease was entered prior to January 1, 2011 to expand the age of the tenant until the time you reach 35.
Income Tax Nonresident harmonize the domestic is the Community law, the Court European Union June 3, 2010.
income tax
As regards the IS, the Bill introduces some changes in the revised text of the LIS:
Tax incentives for small size companies : with effect from 1 January 2011, allows these companies to continue to apply the tax benefits available in the three tax years following that immediate and tax period in which turnover exceeds 8,000,000 euros, when they requirements have been met, in that tax period as in the previous two, to be considered as reduced dimension. This measure also applies when such turnover is achieved as a result of corporate restructuring operation (those governed by Chapter VIII of Title VII of the revised), provided that the institutions which have made the operation the conditions for considered small size both in the period in which restructuring is carried out as in the two previous tax years to the latter. Payment
IS fractionated for the tax years starting during the year 2011: re-fix the percentage at 18 percent for the mode of payment by installments, calculated on the amount of previous year and the mode in which the payment is made on the part of the taxable period of the three, nine or eleven months of the calendar year, multiplying the result by five sevenths of the tax rate rounded down. The latter is required for taxpayers whose estimated turnover under the VAT Act has exceeded the amount of 6,010,121.04 euros.
Value Added Tax The proposed amendments to the VAT Law, the draft national law transposing Directive 2009/69/EC of the Council, is included
cial measures to prevent evasion tax related to imports: exemptions on imported goods (exemptions similar to those of domestic supplies) which dispatch or transport as a point of arrival has a location in another State of the EC, the exemption will take place, provided that the subsequent supply by the importer was free, allowing also the importer's tax representative to make subsequent supply, being forced alcumplimiento of all the obligations arising from these imports. The requirements must be met to take place the exemption established by regulation.
Transfer Tax and Stamp tax benefits are expected small size firms: during the years 2011 and 2012, are exempt from the mode of corporate transactions capital increases. Interest
delay and legal interest. interest are fixed delay and the legal interest at 5 percent and 4 percent, respectively.
http://www.congreso.es/public_oficiales/L9/CONG/BOCG/A/A_098-01.PDF (28.99 MB)
Irene Esper
www.BarcelonaAdvocats.com
