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Legal & Finance news & information for Spain

Fairer pension calculations for part-timers: How it works
Legal & Finance Sat, Jul 6, 2019

Fairer pension calculations for part-timers: How it works

A WELCOME change in the pension contribution system means part-time workers will no longer have to spend longer in employment to qualify for an earnings-based retirement fund – a move that is expected to affect around...

Spain's mortgage law reform explained: Peace of mind and lower costs
Legal & Finance Sat, Jun 22, 2019

Spain's mortgage law reform explained: Peace of mind...

ANYONE signing for a new mortgage since Monday will have noticed a dramatic change in processes now that legislation has introduced a complete overhaul of the home loan system covering who pays what, how applications...

Interest rate rise postponed for at least another year
Legal & Finance Wed, Jun 12, 2019

Interest rate rise postponed for at least another year

THE EUROPEAN Central Bank's (BCE's) decision to postpone interest rate increases across the board means mortgages and credit in general in Spain and other common currency countries are likely to remain stable...

Free-of-charge bank accounts for low-income residents
Legal & Finance Fri, Mar 29, 2019

Free-of-charge bank accounts for low-income residents

RESIDENTS in Spain with little or no income will be able to open bank accounts completely free of charge, economy minister Nadia Calviño has announced. She says a bank account from which to pay bills and receive income...

Bank account commission to be capped at €3 a month
Legal & Finance Tue, Mar 5, 2019

Bank account commission to be capped at €3 a month

BANKS will be forced to cap current account commission or ‘admin charges’ to just €3 a month by March 25 in a welcome move introduced this week by Spain’s national government. Depending upon where you bank,...

Spain’s Osborne bull ‘is not Bulgarian’, rules EU
Legal & Finance Thu, Feb 14, 2019

Spain’s Osborne bull ‘is not Bulgarian’, rules EU

A CLAIM by a firm in Bulgaria that the iconic Osborne bull in Spain is a breach of copyright has been thrown out by the European Court of Justice (ECJ) – and sparked mirth among Spanish-speakers. The plaintiff’s...

Bank of Spain ceases minting €500 notes
Legal & Finance Tue, Jan 29, 2019

Bank of Spain ceases minting €500 notes

THE BANK of Spain officially stopped minting €500 notes yesterday (Sunday) in line with a decision taken by the European Union in May 2016, but those still in circulation remain legal tender. They are expected to...

Working mums to get tax rebate for last year's nursery school fees
Legal & Finance Fri, Jan 25, 2019

Working mums to get tax rebate for last year's nursery...

WORKING women with pre-school children who went to nursery last year can reclaim up to €1,000 towards their costs in their tax declaration for 2018, due to be filed this coming spring. A recent change in income tax...

Sánchez presents 2019 budget to MPs
Legal & Finance Fri, Jan 11, 2019

Sánchez presents 2019 budget to MPs

PRESIDENT Pedro Sánchez and his cabinet presented their 2019 budget today (Friday) in Parliament, although as yet they do not have sufficient support from non-ruling parties to push it through. Backing from left-wing...

National Police warn of email phishing scam
Legal & Finance Fri, Jan 11, 2019

National Police warn of email phishing scam

NATIONAL Police in Spain have warned of an email scam claiming the recipient is required to appear before the ministry of the interior for an interrogation, or court hearing. Both use what appears to be an authentic...

€500 notes to be withdrawn from circulation
Legal & Finance Wed, Jan 9, 2019

€500 notes to be withdrawn from circulation

CENTRAL banks in Eurozone countries will start to withdraw €500 notes from circulation from January 27, except in Germany and Austria. They will remain legal tender, even though the Central European Bank (BCE) stopped...

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