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Foreign travel advice Indonesia
FCDO advises against all travel to parts of Indonesia.
Foreign travel advice Romania
Warnings and insurance Still current at: 24 April 2024 Updated: 23 April 2024 Latest update: Information related to drug offences and Romanian music festivals (under 'Laws and cultural differences' subheading on the 'Safety and security' page).
Foreign travel advice The Gambia
Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Ferry services between Banjul and Barra have been suspended until further notice; The Islamic Summit of the OIC (Organisation of Islamic Cooperation) will be held in Banjul on 4-5 May; road closures and delays at Banjul International Airport ('Safety and security' page).
Foreign travel advice China
Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Updated information on flooding (‘Safety and security’ page).
Guidance Living in South Korea
Information for British citizens moving to or living in South Korea, including guidance on residency, healthcare, driving and more.
UK Spain Double Taxation Treaty
The UK Spain Double Taxation Treaty was updated in March 2013 with changes effective from 12 June 2014
The treaty ensures that tax is not paid twice on the same income.
The treaty covers the following items:
In Spain
- Income Tax
- Corporation Tax
- Non-resident Income Tax
- Capital Gains Tax
- Local Income Taxes
In the UK
- Income Tax
- Corporation Tax
- Capital Gains Tax
Where am I deemed resident?
The treaty outlines what is considered to be a resident. This issue is often a source of confusion and misinterpretation.
The treaty considers that a resident is a person/entity who is liable to taxation due to:
- Domicile
- Residence
- Place of Management
- Place of Incorporation
A person/entity who is based in one state but receives income or capital gains from a source in the other state, will not automatically be considered resident.
If there is a situation whereby a person/entity could be classed as being resident in both states, then the status will be determined by:
- location of permanent residence. If there is a residence in both states, the “centre of vital interests” shall apply (personal relations, economic situation)
- if the above cannot be determined, or there is no permanent address in either state, residency will apply to the estate where there is an habitual abode.
- if there is an habitual abode in either both or neither state, the nationality of the person/entity will take precedence.
- if the person/entity is a national of both or neither state, then the states will reach an agreement to determine residence.
Our English speaking accountants are available to discuss your circumstances.
You may be considering relocating to Spain or your company may be exploring the option of employing staff to enter the Spanish market, please don´t hesitate to contact us today for a no obligation consultation.
Article supplied by Gascón Bernabéu Abogados