Understanding Inheritance and Gift Tax in Spain
Nature and Scope of Inheritance and Gift Tax
Re: Gravel equity gains obtained for profit (free) or any other right of inheritance (either by inheritance or right).
Territorial Scope
Concerning the entire Spanish territory, the tax transfer to the Autonomous Communities shall be governed by the provisions of the rules governing the Assignment of Taxes of the State to the Autonomous Communities and have the scope and conditions for each. Specifically, its Cession sets that serious inequality may occur.
Read MoreTraffic Violations and Penalties
Article 172: Admonitions for Pedestrians and Cyclists
Pedestrians, cyclists, and drivers of animal-drawn vehicles who violate this Act, its regulations, or resolutions issued by the relevant ministry will be penalized by the competent authority. They must also attend a training course as specified in the Act’s rules.
Article 173: Penalties for Speeding and Reckless Driving
Drivers engaged in speed competitions or reckless driving on public roads will be fined one hundred tax units (100 UT), in addition
Read MoreEU Institutions, Policies, Labor, and Sustainability
EU Institutions
The institutions of the European Union are as follows:
- Council of Europe: The EU’s highest political body, composed of Heads of State, members, and the Chairman of the Committee. Its function is to determine the goals and priorities of the EU.
- Council of the EU: Represents member states, integrated by one minister from each country, with a rotating presidency every six months. Its functions include adopting laws and the budget, and developing EU foreign policy.
- European Commission: Represents
New Enterprise Limited Partnership in Spain
The New Company Limited Partnership (SLNE)
The SLNE was created in 2003 by Law 7/2003 of April 1st, the New Enterprise Limited Partnership, which incorporated a new chapter to the LSL. It is a subtype or a specialty of SL, established to facilitate the creation of new commercial companies, particularly small and medium enterprises (SMEs). Its creation was promoted by the European Commission, recommending simplified procedures for company establishment to encourage entrepreneurship. To this end, the
Read MoreUnderstanding Spain’s LSSI-CE E-commerce Law
Who Is Subject to the LSSI-CE Law?
The LSSI-CE (Law on Information Society Services and Electronic Commerce) applies to individuals or entities conducting business over the Internet or other electronic means, provided that:
- The management and business operations are centralized in Spain.
- They have a branch, office, or other permanent establishment in Spanish territory from which the provision of information society services is directed.
Are Free Services Within the Scope of the Law?
All services offered
Read MoreFair Competition: Antitrust Law and Unfair Practices
Defense of Free Competition
Regulated by Law 15/2007 of Antitrust. Collusive behavior is prohibited under this law, which prohibits any agreement, decision, collective recommendation, or concerted practice that has the object, produces, or can produce the effect of preventing, restricting, or distorting competition in all or part of the domestic market.
The following agreements are prohibited:
- Fixing prices or market conditions.
- Limiting or controlling production, distribution, or R&D.
- Market-sharing