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...remember to say you saw it in the SOL TIMES

SOLTIMES MAY 2014

2014 Will See Job Creation in Spain, Says Economy Minister During a conference in the Canary Spanish will notice, both on income

“English spoken”

Deborah Cubel fisher 7 years experience in this area

“on parle francais”

legal & fiscal advice for residents & non-residents, Tax Payments and refunds • Wills and Inheritance process • Purchase / Sale private contracts • Land property and Catastro registration licenses • Conveyancing / Notorial documents

• Translations / Interpreter • NIE’s, Residencia, Medical Cards.... • Vehicle registration / driving licenses • Mortgages

• T axes (local rates, rubbish collection, vehicle, tax returns for residents and non residents and refund of the capital gains tax)

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If you introduce another client to us you will not be charged your next annual fee C/ del Mar, 33 - Galeria Alcana Local 11 Vera 04620 (Almeria) Tel: 950 39 06 21 Fax: 950 39 02 12 email: dcasesores@notin.net

Islands last week, Spain’s Minister of Economy and Competitiveness, Luis de Guindos, said that the recovery of the Spanish economy will strengthen in the coming quarters, and that 2014 will be the first year of job creation in Spain. “The first year of recovery and job creation will be 2014. This year, for the first time we will have a relatively significant rate of growth, of above 1%, and we will have a substantial reduction in the unemployment rate”, stated the Minister. De Guindos added: “From the point of view of private debt, sustainability of public institutions, competitiveness and the solvency perspective of institutions, the Spanish economy is in a very different situation to what happened in the years 2010 and 2011.” Regarding the Government’s strategy for the coming quarters, De Guindos indicated that the process of fiscal consolidation will continue, and said that they aim to achieve a public deficit of 4.2% and reduce it to below 3% from 2016, a decrease that must be compatible with the tax reform. The Minister emphasised that the tax reform will be the “major reform” to be implemented in Spain over the coming months, and will enter into force in 2015 and 2016. “The Spanish have to see that taxes are reducing, and the Government will be making decisions which the

tax and on corporation tax for small businesses and the self-employed,” he said. Cinco Dias reported that the Minister stated that the Government plans to continue with the process of diversification of sources of funding for Spanish companies, saying that in a modern economy it is “very important” to have alternative sources of funding to the usual. However, he also stressed the importance of continuing with the national plan of reforms, liberalisation of markets, for goods and services and diversification. “Today the situation is completely different from two years ago. Spain is a great country and I was always optimistic and had in my head that Spain did not need a bailout and that what we needed was transparency,” the minister stated. In this regard, De Guindos said that today the country is perceived as a more credible economy, which generates more confidence and allows financing, not just to the Treasury, but to the Spanish administration as a whole. “The situation of near-collapse that we had at the beginning of 2012 has been avoided, and that in itself is a merit,” he said. Source: http://news.kyero.com/

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