On October 19th 2017, the Tax Office published the CV 2669-17, which deals the obligation to submit a new informative declaration of assets and rights located abroad with respect to a previously informed property when the variation in the exchange rate used to determine its acquisition value has led to an increase in the value of the asset of more than EUR 20.000.
Inmaculada Pineda, Partner at B LAW & TAX, explains at the Official Spanish Chamber of Commerce in Belgium and Luxembourg, the Spanish Taxes to be considered by individuals living outside of Spain, with special focus on the tax benefits provided in the Spanish Personal Income Tax regulation for employees working outside of Spain and the tax situation of staff working for the European Union institutions.
On January 18th 2018, the European Commission proposed new rules with the aim of stablishing more flexible VAT rates and simplifying VAT procedures for small and medium entities, which need to promote their development.
This proposal is included within the framework of creating a single VAT area, with the main aim of reducing fraud, which represents a loss to the Member States of around EUR 50 billion. The Member States also intend to adapt the common VAT rules (1992) to the current situation.
The Argentine government approved the Provisional Reform Decree 1112/2017 (December 29, 2017) that makes effective the integral tax reform. The purpose of this reform is to promote investment, competitiveness and boost the country towards a more equitable and efficient tax system.