Puigdemont’s tough choice

Carles Puigdemont

The Spanish judge, Llarena, has just annulled the European arrest warrant against Puigdemont and the other four ex-consellers, who are in Belgium. The judge decided to withdraw these orders before the Belgian Justice decides within the next 14 days if he delivers them to the Spanish Justice or, on the contrary, considers that there are no grounds for criminal prosecution.

Llarena explains that, once those investigated have shown their willingness to return to Spain to stand for elections in Catalonia on December 21, the European arrest warrant can be revoked. However, the national detention order is maintained. Which means that as soon as Puigdemont and the other ex-counsellors step on Spanish territory they will be stopped.

Does this mean that the judge believes the original charges were unfounded and was concerned about being humiliated by the Belgian judicial system or is this an invitation from the Spanish Authorities for Puigdemont to become part of the election campaign which formally started today.

Catalan Ministers Freed! (But 4 remain banged up)

Judge Pablo Llarena announced the continued detention without bail for the former vice-president of the Government of Catalonia, Oriol Junqueras. Also detained are the former interior minister Joaquim Forn and the leaders of ANC  Jordi Sànchez and Jordi Cuixart. For the other 6 ex-counsellors of Catalonia who are in prison, the judge agreed to bail of 100,000 euros for each one of them. Shortly after noon the independentist organizations ANC and Òmnium, have paid the necessary financial bond allowing the dismissed consellers to leave the prison this afternoon. The magistrate has imposed weekly appearances at a local court, prohibition to leave the country and withdrawal of passport. The magistrate warned them that failure to comply with any of the obligations imposed would trigger their immediate entry into prison. The judge considers that there is no risk of escape, but commented that the risk of further criminal acts by the four remaining detainees justifies further detention.

Collaboration Station Event

Cold days are here so let art warm our hearts. Collaboration Station is here again, one of the most unique and versatile events to support local and international artists. Organised by Barcelona celebrity Abi Fantastic.

Collaboration Station is a platform where unique and original artworks are exhibited accompanied by live music, performers, fashion and food.

Join us this Saturday from 4pm to 2am.

Hear the radio commercial here.

https://www.dropbox.com/s/pt9ftpmmpu0kip2/Collaboration.mp3?dl=0

Check out the event here

https://www.facebook.com/events/137514583565411/

Nobody loves taxes, but knowing the rules can make all the difference!

Silvia Gabarro from GM Tax Consultantcy

On Friday the 1st of December we chatted with Sílvia Gabarró i Font from GM TAX CONSULTANCY about Spanish Taxes. Whatever your situation, if you are living here in Spain you need to hear this! Maybe you are about to Inherit money or set yourself up as an autonomo, now is the time to talk to an advisor to get yourself set up.

Silvia said “IVA is one of the most complicated taxes in Spain and if you are selling products to other EU nations, depending on the product will affect whether you should add IVA or not”

Also watch out if you are a non-EU citizen and are about inerit capital, you will fall under Spanish rules and not benefit from the significant Catalan rebate.



For more information contact them at http://gmtaxconsultancy.com/en/

Barcelona Real Estate insights from Carles Bernadell

2017 was a great year to work in Real Estate as International investors continued their buying spree here in Barcelona.  We spoke with Carles Bernadell from Berkinder about the best areas in Barcelona for investors and the challenges of undertaking a renovation yourself.

Call him on +34932098109
Email info@berkinder.com

Thinking of setting up Structures here in Spain? US Tax payers watch out!

Many US entrepreneurs come to Spain and form a Sociedad Limitada (SL) to operate their new company. An SL can be the right structure for certain companies as they offer limited liability and some fiscal advantages. However many that set up SL´s in Spain don´t realize that the IRS wants to know about your SL and the profits and dividends that the SL generates. A US owned Sociedad Limitada could be considered a CFC (Controlled Foreign Corporation) which requires the annual filing of a complicated and time consuming tax form called the 5471. Certain types of the SL´s income may be considered Subpart F income which can be taxed in the US. Subpart F income rules can be quite complicated.

 Failure to file the 5471 on time can result in a $10,000 fine unrelated to any tax liabilities arising from the form. Bank accounts and investments the company holds need to be reported in a business owners annual FBAR filing and some investments may fall under PFIC (Passive Foreign Investment Company)  rules. Taking these rules into consideration, in addition to local Spanish reporting rules, many US entrepreneurs in Spain may want to set up as Autonomo during the early stages of their startups. If you already have an SL and haven´t been paying attention to the US tax rules concerning foreign corporations it is in your best interest to get into compliance.

For more information contact Thomas at Wicklow Tax

info@wicklowtax.com

(+34) 678 68 71 05

The World’s Oldest Comedian

“The World’s Oldest Comedian is Drop Dead Funny”

-New York Post

Lynn Ruth Miller started doing comedy when she was 71 years old.   Lynn is now 83 years young and she continues to dazzle audiences around the globe.  The American comedian has appeared on America’s Got Talent, Britain’s Got Talent and she has been called “the new Joan Rivers.”  We are pleased to announce she will join Going Deep with Billy Harfosh on Monday November 20th at 4pm.  Listen in on Barcelona City Fm 107.3 for what is sure to be a hilarious interview!

America’s Got Talent Star Jonah Smith will join Going Deep with Billy Harfosh

America’s Got Talent Finalist Jonah Smith will be a guest on Going Deep with Billy Harfosh this Sunday at 4pm.   In 2014 the Los Angeles based singer made it to the semi-finals on NBC’s talent show, his final performance on the show was at Radio City Music Hall in New York City.   Jonah’s music was received with rave reviews by all including America’s Got Talent  judge Howard Stern, You’re the real deal. You can play, you can sing…you are terrific”

Jonah Smith will be performing this weekend at Palo Alto Market in Barcelona.

 

 

 

 

Getting the inside track with some of our favourite DJs

Jim Kent
JIm Kent the guy with the chat

We have been getting to know some of our Favourite DJs

Slipmatt. Founding member of SL2, best known for the massive house tracks “On A Ragga tip”, “Djs take control” both of which were huge in 1992 and continue to be played to this day.

Our Conclusion: Back in the day Matt was probably one of those guys who danced like Keith Flint in Firestarter but now has become civilised and shops in Waitrose.

 Eamon Downes from Liquid. Now living in Rome creating and producing tracks, his original hits “Sweet Harmony” followed by “Liquid is Liquid” remain firm favourites for old-school ravers like us!

Our Conclusion: Eamon looks too young to have been playing in the 90s!! where he looks good. He’s Dj’d all over and now and has become a family man!

Jon Fitz, DJ, Musician and producer. Worked extensively with Jason Herd and produced some massive hits in the mid 2000s including “I just can’t get enough featuring the vocals of Abigail Bailey” and “I like the way you move”, where he was the bass player for the Body Rockers.

Our Conclusion: Jon uses lots of haircare products and despite being a house Dj now loves his disco. We are waiting for “Abba the mixes”

Seamus Harji, DJ, Producer.  From his early days using an Atari, he developed his craft and then ended up producing in partnership with Paul Emmanuel which resulted in some massive tracks including “Booty luv” and “Take me away”.

Our Conclusion: Seamus is a master technician and an ear for hearing disco samples and turning them into house classics. Rumour has it, if you are invited round to his place ask him for a Vindaloo.

 

US Green Card Holders Beware!

Green Card

Have you ever had a Green Card, because if you have one now or have ever had one in the past just because you don´t live in the US anymore, doesn´t mean that you don´t have to file your taxes.

Even if your Green Card has expired it does not relieve you of your US tax obligations. Under the US tax rules, once you have gained resident status it is deemed to continue unless it is rescinded,  or administratively or judicially determined to have been abandoned.

Once you formally renounce your Green Card status, you then file the correct forms to officially cut ties with the US tax system. In certain cases the ex- Green Card holder may also be subject to an exit tax.

The key question is how long they have had it. A long-term resident is a non-U.S. citizen who is a lawful permanent resident of the U.S. for at least eight years during the 15-year period before their residency ends. A “lawful permanent resident” means a Green Card holder. However, you are not a “lawful permanent resident” under this rule for any year in which you are treated as a resident of a foreign country under a tax treaty, as long as you don’t waive the treaty benefits applicable to that country’s residents. Caution: holding a Green Card for even one day during a year taints the entire year.

For more information call Thomas at Wicklow Tax (+34) 678 68 71 05 or find him at http://www.wicklowtax.com/