|NEW TAX LAW IN SPAIN SAVE MONEY WITH YOUR EVENTS|
Since 1 January 2015, the Spanish Tax Law allows VAT exemption in the organisation of Meetings and Corporate Events. This means that 1 PMI EVENTS will no longer charge VAT in its invoices to international clients organising events in Spain.
This tax redemption can result into savings of up to 21% in the organisation of your events. However, this law cannot be applied indiscriminately. Each project has to be studied individually and analysed if it complies with the necessary conditions to benefit from the tax reduction.
The main condition to qualify is to organise an event with a professional or working purpose. This means that all conferences, symposiums, meetings, conventions, product launches and corporate events fall within this category and can therefore immediatly benefit from this tax exemption.
There are 3 very important consequences that derive from this new regulation: