Business and Financial Needs

Posts Tagged ‘Breaking a Financial Problems’

The Convention to avoid double taxation between Spain and France formed, provides that subject to the provisions of paragraph 2 of Article 19 (relating to job performance pensions to the state or public entities), pensions and other compensation similar paid to a resident of a Contracting State in respect of past employment shall be taxable only in that State, ie the residence. Therefore, these rents, which are considered personal income tax as employment income should be declared only in Spain, according to the rules established in Law 40/1998, which regulates the personal income tax

• Contact your employer

The employer can sometimes help when taking a payment to the lender. For example you can arrange for a portion of the monthly salary directly to the lender to do so on the regular payment can be paid and / or late payment can be made up. Another possibility is that holiday or thirteenth month is used for the making up of arrears.

• Contact the Municipal Social Services (GSD)

If your income is not sufficient to satisfy the mortgage, then you may be eligible for a ‘housing costs allowance “which you can obtain from the municipal social services. Housing costs, the surcharge is a temporary income supplement, similar to housing benefit. The criteria for obtaining a premium housing costs vary by municipality. Information can be obtained from the municipal social services.

• Contact the Tax

The mortgage payment is tax deductible. Annually you will get a portion of the interest paid back. It is also possible to refund the interest each month to take place by the form ‘provisional refund request “form.