Accountancy and tax issues are complicated…
In ones mother tongue and even more so in a ‘foreign‘ languages. It is crucially important that you can communicate with your gestor (accountant) in order to benefit fully and be in a position to guide your business through the minefield that is tax and accountancy.
One matter that you may discover is the payment system to the gestor in Spain is very different from what you may have been used to. In general gestors will debit your bank account on a monthly basis and you should budget at least 250 euros per month for this service.
The gestor will provide you with a contract for the services provided – you will need to confirm that you are in accord and then agree the contract. The gestor then proceeds upon your instruction to deal with your three monthly IVA returns (VAT / TVA), all issues concerning employees and taxes paid for social contributions for you and / or any employees.
The gestor will be responsible for all your statutory books and forms and of course the end of year accounts that have to be filed within 6 months of the end of the trading year.
The DMG law office has a dedicated panel of linguistic gestors to assist you – contact info@solicitorsinspain.ie