CHANGES TO CORPORATE TAX INTRODUCED BY ACT 48/2015, OF 29 OCTOBER

I. Calculation of the reduction of income resulting from specific intangible assets -

From 1. July 2016, the tax incentive from the reduction of income from certain intangible assets will be calculated as follows (Art. 23. 1, 2 and 3 LIS):

• Direct expenses related to the creation of the asset, excluding those (derived from sub-contracting with associated third parties per 30%)
• Divided into: direct costs directly related to the creation of the asset
• Per 60%

Financial expenses, repayments and non-related expeses will not be taken under consideration.

The above mentioned REDUCTION will be deducted from the financial base.

 

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CHANGES TO VALUE ADDED TAX INTRODUCED BY ACT 48/2015, OF 29 OCTOBER

I. Services related to exports  to forwarders and shipping agents are EXEMPT (Art. 21.5º.68 LIVA. This exemption is retroactive to 1. January 2015)

II. Import of goods that are allocated to duty-free shops subject to warehousing system other than customs warehousing are EXEMPT(Art. 65.d.69 LIVA) 

II The simplified method can only be applied when in the prior year none of the following limits was overcome  (Art.70 LIRPF):

• 250.000 € untaxed income for the whole economic activities.
• 250.000 € purchases in goods and services. Art. 31.1.3ª LIRPF)

(Above mentioned limits are only applicable in 2016/17. Limit for 2018: 150,000 €)

III. Civil societies which become Corporations after 1. January 2016 will be able to deduct the result of multiplying VAT + equivalence surcharge to the stock inventoried on the termination date. (Art.155 LIVA and 60 of RIVA).

 

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CHANGES TO PERSONAL INCOME TAX INTRODUCED BY ACT 48/2015, OF 29 OCTOBER

 

Premiums up to 1,500€ paid by the employer to a health insurance in order to cover disease of a disabled employee who has the condition of worker, spouse or descendant of the employer are EXEMPT. (Art. 42.3.c LIRPF, for direct method and art. 30.2.5ª LIRPF for objective method)

The objective method can only be applied when in the prior year none of the following limits was overcome: 

• 250.000 € untaxed income for the whole economic activities.
• 250.000 € purchases in goods and services. Art. 31.1.3ª LIRPF)
• 125.000 € operations in which it is compulsory to issue an invoice

The above mentioned limits are only valid in 2016 and 2017.

Deduction percentages for donations set aside for

carrying out priority sponsorship operations have risen by FIVE percentage points in 2016

 

 

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A TERRIFYING NIGHT

This incomplete story has been written by Joan Miralles.

I have add the illustration.

 

" In a very dark night Detlef Jefferson got up.”

Suddenly, he heard a noise downstairs. - Who's there? - he shouted - He tiptoed into the main door.

Detlef couldn' t believe it. The door had been forced and the handle was loose. The perpetrator had left visible traces... and fingerprints...

Oh no! There must be a burglar at home! Said Detlef. He was scared.

Jelling in panic, Detlef called the police. But the cops didn' t heed his call. - It's that middle aged man again - they said.

Detlef tried to calm down but he couldn' t help being nervous: something was moving behind the curtains. At that very moment he saw an arm. - Agggg! He screamed.

He had to do something immediately. His life was threaten. He took a baseboll bate that was hung on the wall... and he hit, and hit, and hit... - Noooooo! Shouted someone behind the curtains.

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A PSEUDOSCIENTIFIC THINKING

 

 

Last week, an acquaintance of mine commented to a third person that the doctor would remove his cast in a few days.

Well, be prepared! –  Warned him the latter – Some years ago, my father has his arm immobilized, exactly the same as you. By the time his plaster was removed, his arm was grafted to his body and the doctor had to use a knife to get it off his trunk.

Such a reproductive capacity reminded me of “green fingers”, a terrifying story about a finger that my friend "Bettina Estévez" used to tell. The finger was cut and buried in a garden and, some days later, it was able to generate a hand.  

What a convenient method to modify one’s body! Imagine that you wake up half a meter higher only because you fell asleep wearing some high heeled shoes; or that someone puts a model’s photograph on their face and becomes absolutely beautiful... Or that someone gets the ability of running two hundred kilometers per hour sitting on the engine of a Ferrari... Or that one becomes a microscope-man by wearing double lenses for two hours. However, there is something which would be even more practical than all this: learning with the mere touch of a book. What a comfortable ability! Particularly for a generation which is used to make the least effort.

Back in the eighties, a friend of mine left me an article about a revolutionary idea: it sustained that learning through the contact with the skin was already possible. According to the author, the most effective way to learn was to read an issue paying real attention... and then lie down to sleep, putting what had been read on one’s forehead. My friend and I decided to test the effectivenes of the method and went to bed in the afternoon, after giving a good look to our biology lesson: “the muscular system”. I still remember that afternoon lesson quite well.

Of course, both my friend and I had to study the chapter by the traditional method when we woke up from the nap. In fact, no matter how many legends might people tell us, grafts are very usefull for apple trees, but not for human trunks.

 

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THE SISTER OF THE POOR

I was brought up by an amazing mother who made us believe that we had a reasonable financial situation at home. As I was a very little child she even convinced us that a dry plant in the kitchen gave candies when we closed our eyes. Thus, during my childhood I always had the feeling of having everything one could desire.

Times have changed a lot since then. Today, children ask for iPods rather than play football. Back in the 2009, while I was having dinner with some friends, two of them stressed that being part of the middle class in Spain required an income of, at least, three to four thousand euros per month. That was the first time I heard a barrier in figures between two classes. Unfortunately, I had the feeling that the average was too high. But what has definitely persuaded me of being less wealthy than what I had initially though has been the prayer of the poor. In recent times, the poor cite specific figures when they pray. Gone are the glory days when they said “feed me”. Nowadays they ask you for five or twenty euros.

Today morning I went to the supermarket. There were two nuns at the entrance, one at each side of it, dressed in his usual gray habit. One of them gave me a piece of paper while the other asked me to collaborate with them.

“Food campaign. We appreciate your generous contribution in steak, beef loin, various kinds of meat, frozen fish, ham, olive oil, coffe in natural grain”.

A quick glance at the flyer was enough to perveive my lack of belonging to the middle class. Beef loin, olive oil... Do you mean selected-grade lean beef? What about some mushrooms and a glass of Riojan wine? All this reminds me of a television programm conducted by “Anton Reixa”, where a skinny African, dressed in the typical Galician costume, claimed the fundamental right of every human being to eat seafood once a year.

I must confess my admiration for my mother, who was able to persuade us of the power of her lentils, beans and stews.

 

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THE MIDDLE CLASS

A friend of mine met some colleagues after a long time. They were all trying to “solve” the problems of the world, as usually happens in such cases, when the group began to talk about next general elections. Two years ago, our man decided not to read any further newspaper (they were depressing, so he said). Thus, as his friends discussed, he could only watch them talking, as if he was the spectator of a ping-pong match.

They talked about corruption and economy. Some even affirmed that the middle class had been paying for the high and low class costs. Given that our colleague was not taking part in the conversation, one of his friends asked him if this also happened in other countries.

Our friend told me later that the situation is quite similar everywhere in the world. He is convinced that politicians will never solve anything, for they are not the ones who are actually governing. He believes that the effective control is in the hands of that one percent of the population who holds 99% of global resources. This one percent is almost anonymous. They are very discreet people who would never make public their lives (unlike Belen Esteban, who is constantly punishing us with her plastic surgery operations). Their effective control is the reason why the situation is always the same, no matter what ideology the government has.

Do you mean that the middle class is financing our society? – said our mate – But, what is middle class? Do people who earn 1000 euros per month belong to middle class? Is it the same belonging to the middle class than having an average salary? And who are the poor? Do you really think that the poor are those who begg in the streets? Are those women with a foreign accent and a scarf over their heads part of that poor class? Are those women who are daily “unloaden” by a van in their begging positions the poors of our society?

We are numbed by our jobs and occupations and cradled by the television and the computer. If Karl Marx was to see the present situation he would probably say that Twitter is  people’s opium. Everywhere we go, there are “hookahs” which can distract our affliction.

My friend is convinced that current problems can only be solved by a revolution... but he confesses that he is too lazy to take part in one. He admits that the only revolution he feels like doing when he comes home is the one he does in the kitchen to imitate the famous cook “Carlos Arguiñano”.

What can we do about it? Teenagers used to be the rebellious of our society some years ago, but nowadays they no longer rebel. Except if you try to remove them their “Whatsapp”.

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Copyright Luisa Fernández Baladrón

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