While we know our way our the financial environment and can read financial statements to determine the condition of a business in a matter of minutes, we are not certified in any aspect of finance. Our financial Partners, however, are.
Did you know that:
- You must pay taxes despite having no income?
- There’s a thing called the Beckham Act?
- Insurance, financial products and teaching in public and private centers are VAT-exempt?
Spain is what it is with different facades. Using local financial management is absolutely critical unless you want to end up paying a small fortune, get fined or end up in jail. Selecting a trustworthy accounting firm and auditors is difficult for an outsider – we already have them in our Partner network.
To learn more about the tax system, this is a good place to start.