Tag: IVA
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Tax & Accounting Essentials for Car Rental Company Owners in Spain
Car rental businesses operate in a unique space: high‑value assets, constant movement, insurance obligations, and complex VAT rules. These are the key areas you must control to stay compliant and profitable. 1. Understand How Vehicle Depreciation Really Works Depreciation is one of your biggest tax tools. Spain allows you to depreciate rental vehicles faster than… Read more
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Essential Accounting Tricks Every Restaurant & Bar Owner in Spain Should Know
Running a hospitality business means dealing with fast‑moving money, high staff turnover, and constant operational surprises. These accounting strategies help you stay ahead without needing an accounting degree. 1. Master Your Daily Cash Control Cash is king in hospitality — and the tax office knows it. A daily cash count is one of the most… Read more
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Tax Rules for Self‑Employed Travel Agencies in Spain
Travel agencies in Spain operate under a special tax framework that differs from most other service businesses. If you’re self‑employed and selling travel packages, flights, hotels, excursions, or combined services, you must understand how VAT, IRPF, and administrative obligations work. 1. VAT Rules for Travel Agencies (REAV – Régimen Especial de Agencias de Viajes) The… Read more
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Bringing Your Car to Spain: Taxes, Exemptions, and the Change of Residence Rule
Relocating to Spain often means bringing your personal belongings with you — and for many people, that includes their car. Spain allows vehicle imports from both EU and non‑EU countries, but the process differs depending on your situation. The most important distinction is whether you’re importing the car as part of a change of residence… Read more
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EU VAT Exemption for Freelancers: What You Need to Know
A major change is coming for freelancers and small businesses across the European Union: the introduction of a VAT exemption threshold of €85,000. This new rule stems from EU Directive 2020/285, which requires all member states to adopt a simplified VAT regime for small enterprises by the end of 2024. Here’s what it means—and where… Read more