Tax Collection System

Anglo-Spanish Chartered Accountants

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Tax Collection System

There is often a misconception as people think that taxes in Spain are higher than in other countries as they can pay a lot to the tax authorities on a quarterly basis, even when their business is not doing very well. What many people don’t realize is that they are not paying their taxes, but other people’s. They are merely collecting tax on behalf of the Government from their suppliers and clients and passing it on. Let’s look at some examples:

 
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