China and Spain double taxation treaty

The China and Spain double taxation agreement  is similar to other double tax treaties Spain has agreed upon with several other countries including not only Europe, but worldwide. 

The China and Spain double taxation agreement is applicable to all those who are a resident in one or both of the countries concerned. This is referring to presence in Spain that is of a personal or commercial nature. The China and Spain double taxation agreement  is similar to other double tax treaties Spain has agreed upon with several other countries including not only Europe, but worldwide. 
 
The China and Spain double taxation agreement is applicable to all those who are a resident in one or both of the countries concerned. This is referring to presence in Spain that is of a personal or commercial nature. Both personal and commercial taxation are included in this taxation treaty and depending on the particular activity different taxes will apply, and of course people who conduct commercial activity will also be subject to personal taxation. 
 
The aim of the treaty is to avoid double taxation and tax evasion in both countries, as well as to facilitate the taxation of both members from Spain and China who have an interest in one or both countries.  In terms of taxes, the treaty concentrates mostly on income tax and capital tax, including that of properties and appreciation. 
 
The taxes including in the treaty are as followed, and are to be carried out by the local authorities.
 
Taxes covered by the treaty in Spain.
 
Income tax (Impuestos sobre la renta de las personas físicas) 
 
Corporation tax (Impuesto sobre Sociedades)
 
Capital tax (Impuesto sobre el patrimonio)
 
The local taxes on income and capital (los impuestos locales sobre la renta y el patrimonio)
 
Taxes covered by the treaty in China.
 
Individual income tax
 
Income tax concerning joint ventures with Chinese and foreign investments
 
Income tax concerning foreign enterprises
 
Local income tax
 
These are, or tend to be the biggest and most important taxes to have to deal with in between countries. 
 
These are general guidelines for taxation between countries and you should always consult the corresponding tax offices and a professional solicitor and accountant to avoid any misunderstandings or mistakes. 
 
ABAD Legal and Tax Consultants firm would be more than happy to inform and assist you with inter-country taxation.

 

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