New tax and labor for the year 2013

NEW WORK AND FISCAL 2013

Then inform them of some of the most significant developments planned in the various tax regulations, labor and social security recently published (Law 17/2012 Budget, Law 16/2012, Law 13/2012, Royal Decree-Law 29 / 2012, among others) that come into force from 01-01-2013, with some exceptions listed:

Tax issues:

SUBMISSION DEADLINE MODEL 347 and 184:

• Note that the MODEL 347 (Annual Operations with others) and model 184 (Annual information of entities under the income allocation) must be submitted during the month of February and March as in previous years.

Income Tax

• With effect from 1 January 2013 deleted the deduction for investment in residence. However, establishing a transitional regime under which it may continue practicing the tax payers, who had acquired their residence or before 01-01-2013 to the amounts they had paid before that date for the construction, expansion or rehabilitation of it or for the performance of work due to disability. Not apply tax compensation for acquired before 20-01-2006.

• Sets a new special tax on lottery and betting organized by the State and the Autonomous Communities, as well as drawings of the Spanish Red Cross and ONCE and for similar organizations in Europe. Exempt awards the full amount of which is equal to or less than 2,500 euros. The tax rate is 20%, the same as the withholding will practice paying entity, when the winner pays the said award.

• Modifies the shape of assessing compensation in kind arising from the use of employee housing when the property is not the payer (employer).

• Modifies the taxation of gains and losses arising from the transfer of assets to generation period not exceeding one year.

• Note that as of 01-01-2013 away the deduction for improvements to housing.

COMPANIES

• Extension to 2013, the tax rate reduced maintenance or job creation (micro) 20% will be applied to taxable section between 0 and 300,000 € and the other 25% base.

Wealth tax:

• 2013 will be continued during the term of the Wealth Tax, which had been temporarily reinstated for 2011 and 2012. Therefore 2014 will be presented this declaration. Moreover, Catalonia, and the year 2012 (statement presented in 2013) has reduced the minimum exemption has been increased to € 500,000 and the tax rate.

VAT

From 1 January 2013 the purchase of new housing (first installment) lets you apply a reduced rate of 4%, which came to be applied temporarily from 20-08-2011 and 10% will apply.

In labor - social security:

1. The minimum wage for 2013 is € 21.51 / day or € 645.30 / month (RD1717/2012).

• Entreles new offenses Law 13/2012, to a social security, communication deadline data, certificates and statements that are required to provide - communication "part" of work, confirmation of high and low , ... - so remember the importance of delivering timely documentation to perform communications and thereby avoid the company being fined. (In force as of 28-12-12)

• Elstreballadors autonomy, on January 1, have 47 years old and listed on the basis RETA for less than € 1,870.50 a month, it may choose a base price exceeding € 1888.80, except to exercise his option in such sense before 30-06-2013.

• With effect from 01-04-2013, the worker (employee home) can assume the fulfillment of the obligations of membership - framing, raising contributions and especially when the system provides services for less than 60 hours per month employer and also so agreed between them, meet certain formal requirements. The income of the contribution should be made ​​mandatory by direct debit system.

1. The inclusion in the Special Agricultural Workers contracted by others during periods of inactivity happens to be voluntary and will not be automatic. Must meet the requirement relating to the completion of a minimum of actual days and also expressly requesting inclusion.

1. Extending the length of paternity leave to four weeks come into force on 01-01 - 2014.

OTHER

• CPI annual General December 2012 stood at 2.9% (INE)