The Second Chance Act may include the expected Fresh Start in the Spanish System

5 March 2019

In different manifestations, Government representatives, including Minister of Economy Luis de Guindos, have confirmed Government’s will to produce the highly demanded “Second Chance Ac ” to configure a fresh start for entrepreneurs in Spain and self-employed. Therefore, their debts due to business failures will not haunt them for the rest of their lives .

Currently any entrepreneur or self-responds outstanding debts throughout his life , looking convicted of any failed project , unlike what happens in most neighboring countries . Today there are some steps to alleviate this situation, as introduced by Law in Support of entrepreneurs and internationalization of September 27^th 2013, however, it is very limited solutions that have little or no practical application.

Confirmed the creation of the Second Chance an important impetus would be given to the Spanish entrepreneurs, since that would avoid being harassed by debt arising from a business failure throughout his life.

Related entries

31 January 2023

SPANISH TAX RETURN 2022

The Spanish Tax Office has already announced the calendar for the Tax Return (Renta) 2022, which corresponds to the calendar year 2022. The period will start on the 11th of April and will end on the 30th of June. If the result of the form is to pay, which is usual for non-national residents as […]

28 December 2022

NEW ARTICLES PUBLISHED IN MURCIA TODAY!

In the last week, ABAD & ASOCIADOS have contributed in three articles for Murcia Today. You can find them below! These are the new tax measures proposed in Spain for 2023 murciatoday.com Financial assistance in Spain how to get government help if you cannot pay your mortgage murciatoday.com What are the tax breaks available with […]

18 April 2022

INCOME TAX CAMPAIGN 2021

The Renta (Income Taxes)2021 campaign has already started. As in all of them, there are some dates that should not be forgotten: – On April 6 begins the deadline to file the forms telematically, although the Tax Agency has re-enabled the option of filing by telephone from May 5. – The last day to file […]

8 February 2022

CHANGES IN TAXES 2022 IN THE REGIÓN DE MURCIA

On 28 January 2022, the Budget Law of the Region of Murcia for the current year came into force, bringing with it a series of tax changes in the scope of taxes managed by the Región de Murcia. Probably the most relevant is that, within the Donations Tax, the deduction of 99% of the tax […]