Articles tagged as: spanish government

May 26th, 2015

The Spanish Government’s Council of Ministers last week approved a Royal Decree renewing the Efficient Vehicle Incentive Programme, PIVE 8 Plan, following the success of the previous versions of the plan, and the resulting positive effect on the Spanish economy and the environment. The new plan, which is the last ...

Continue reading Spanish Government Approves New PIVE Plan

May 19th, 2015

The Spanish Government announced yesterday that, in accordance with the latest update of the formula that sets the calculation of prices of bottled liquefied petroleum gas (LPG), starting from today, the maximum price of a gas cylinder will drop from 15.81 euros per bottle to 14.12 euros, taxes included. This ...

Continue reading Gas Cylinders to Cost a Maximum of 14.12 Euros from Today

May 14th, 2015

The Savings Banks Foundation (Funcas) forecast panel has raised by three tenths, to 2.9%, its growth forecast for Spain for this year, and estimates it will stand at 2.7% in 2016, one tenth more than calculated previously.The improvement in economic activity, according to the consensus of the 18 research services ...

Continue reading GDP Will Rise to 2.9% and Unemployment Will Drop to 22.2% in 2015

April 27th, 2015

The number of foreign citizens registered with the Spanish Social Security system stood at 1,563,343 in March, representing an increase of 2.29%, or 34,974 additional contributors, over the previous month, the Spanish Government website, La Moncloa, reported this week.Compared with 2014, the number of foreign workers has increased by 1.79% ...

Continue reading Foreign Social Security Contributors Rose by 34,974 in March

March 20th, 2015

According to the latest land price statistics published this week by the Spanish Ministry of Development, in the fourth quarter of 2014 the average price of land, per square metre, rose by 5.2% year-on-year, to stand at 155.6 euros, returning to the path of growth it lost during 2013. Compared ...

Continue reading Urban Land Prices Rise by 5.2%

March 9th, 2015

From this week, the maximum price of a butane gas cylinder will drop by almost two euros, from 17.5 euros per bottle to 15.8 euros, taxes included, according to the new formula that sets the calculation of prices of bottled liquefied petroleum gases (GLP) which was approved on Thursday by ...

Continue reading Butane Gas Cylinders Drop to 15.8 Euros

March 3rd, 2015

According to a report released last week by the Spanish Government’s Ministry of Public Works, the average price of private housing in Spain rose by 0.5% in the last quarter of 2014, representing its first quarterly increase since the start of 2008, the year the crisis began, bringing the average ...

Continue reading House Prices Register First Quarterly Increase Since 2008

February 12th, 2015

The Spanish Government’s Minister for the Treasury and Public Administration Services, Cristóbal Montoro, announced earlier this week that the Spanish State Tax Office (AEAT) collected revenues of 12.32 billion euros in 2014 via its tax control activities. This figure is an increase of 12.5% over the revenues obtained in 2013, ...

Continue reading Anti-Fraud Measures Net Spain a Record 12.3 Billion Euros in 2014

January 19th, 2015

Repsol has decided to abandon their controversial exploration of hydrocarbons in the Canary Islands after finding that the discovery of gas there (from methane to hexane) is insufficient in quantity and quality in order to merit extraction.  The company said in a news release that "the analysis of the sample ...

Continue reading Repsol Abandons Canary Islands Project

December 31st, 2014

Attending the last Council of Ministers meeting of 2014, the Spanish Prime Minister, Mariano Rajoy, reiterated that 2014 has been a year of recovery for the country and that the Spanish economy is forecast to take-off in 2015. He also highlighted that the tax reform that comes into force on ...

Continue reading “Spain has Overcome the Worst of the Crisis”, says Rajoy

November 24th, 2014

The Spanish Government’s Ministry of Employment announced on Thursday last week that the number of foreign contributors to the Spanish Social Security system dropped by 15,382 in October, to a total of 1,566,953, representing a decline of -1% compared to the previous month, and pointed out that this is the ...

Continue reading Social Security Registers Drop in Foreign Contributors in October

November 18th, 2014

On 30th October the European Commission approved the Partnership Agreement 2014-2020 which reflects a joint effort by the European Commission and Spain, as a Member State, to achieve effective application of EU funding while seeking to meet the main objective of contributing to economic, social and territorial cohesion.The Spanish Government’s ...

Continue reading Spain to Receive 10.2 Billion Euros of EU Funding to Aid SMEs and Unemployment

November 18th, 2014

According to a report carried out by independent financial advisors, Arcano, entitled 'The Case for Spain III: Plus Ultra', the real estate sector and construction will be the engines of economic growth in Spain in 2015, as well as company and household financing.The fall in fuel prices could also boost ...

Continue reading Real Estate and Construction Will Boost Spain’s Economic Growth in 2015

November 7th, 2014

Following the Global Forum on Transparency and Exchange of Information for Tax Purposes held in Berlin last week, together with the political agreement reached at the EU ECOFIN Council meeting on 14th October for establishing this type of automatic exchange of information system within the European Union, a total of ...

Continue reading Spain Signs Historic Tax Information Exchange Agreement

November 7th, 2014

The Spanish Government has finally agreed to soften the blow, in the new tax reforms, on second hand home sales. An amendment to the draft Income Tax bill has been filed in order to mitigate the effect of deleting the adjustment coefficient - a leeway to limiting the big capital ...

Continue reading Home Sales Under 400,000 Euros to be Spared the Tax Blow