Tuesday , May 26 2020
Breaking News
Home / International Customs / Spain (page 20)

Spain

Spain’s plans to introduce changes to corporate tax laws

MADRID: Spain’s plans to introduce changes to corporate tax laws in a bid to raise revenues and keep the public deficit in check could endanger some companies’ solvency, business association CEOE said in a letter sent to the government and seen by Reuters. Spain’s acting Economy Minister Luis de Guindos said on Tuesday the government would sign a decree in ... Read More »

Spain’s fruit imports from Morrocco increase 26%

MADRID: Spain recorded a 26 per cent increase in imports of fresh fruit and vegetables from Morocco in the first three months of 2016, totaling 133,891 tonnes, according to a report from Agri Maroc. At EU level, imports of fresh fruit and vegetables from Morocco also rose significantly during the first term, by 13 per cent to 482,000 tonnes. The ... Read More »

Spainish music market’s revenue increases 4.5% in 1H

MADRID: Spain has seen another boost in its fight against piracy as music sales look set to rise for the third year in a row, up 4% year-on-year during the first half of 2016. The country has been hit badly by copyright infringement over the last decade and a half, with annual recorded music revenues dropping by a shocking 80.2% ... Read More »

Number of millionaires rise in Spain during 2016

MADRID: The number of multimillionaires in Spain has seen a surge over the last few years as the recovery gains speed in their ranks. In 2014, 508 people declared assets worth more than €30.05 million, according to data released by the Spanish Tax Agency on Tuesday. The figures show 8% growth from the previous year, representing 37 new members in ... Read More »

Vadafone to appeal against Madrid tax

MADRID: Vodafone has announced its intention to appeal against the tax imposed by Madrid’s city council on telecoms operators for their use of public land, reports Expansion, citing Vodafone’s regulation director Pedro Pena. The company will lodge an appeal before Spanish and European courts against the recent judgment handed down by Spain’s Supreme Court, which ruled that Madrid city council’s ... Read More »

Police busted 2,000 pounds of cocaine at gateway to Europe’s drug market

MADRID: Police and customs officials in southern Spain intercepted nearly 2,000 pounds of cocaine hidden in a commercial shipment of bananas, Spanish officials reported on Sunday. The seizure was the result of a joint investigation that began in April, when Spanish authorities say they became aware of an international organization based in Spain that allegedly used maritime shipping containers to ... Read More »

Fresenius to buy Spanish hospital for $6.42b

MADRID: Fresenius, Europe’s biggest publicly traded healthcare provider, is buying a Spanish hospital group for €5.76bn ($6.42bn) in its largest acquisition as it seeks to expand its German network across Europe. The stock soared the most in more than a year. Shares worth about €400mn will be issued to Victor Madera, the founder of IDC Salud Holding, and the rest ... Read More »

Spanish police seize 2000 pounds cocaine

MADRID: Police and customs officials in southern Spain intercepted nearly 2,000 pounds of cocaine hidden in a commercial shipment of bananas. The seizure was the result of a joint investigation that began in April, when Spanish authorities say they became aware of an international organization based in Spain that allegedly used maritime shipping containers to import cocaine to Europe from ... Read More »

Spaniards caught smuggling 260 reptiles through airport

MADRID: Agents seized almost 260 reptiles, including protected lizards, crammed into suitcases at Amsterdam airport and arrested three Spaniards suspected of trafficking the creatures, Dutch authorities said on Monday. The illegal stash of wildlife that arrived from Mexico was uncovered Saturday and is worth some an estimated €80,000 ($89,000), according to the Dutch food and consumer watchdog NVWA. Among the ... Read More »

52 arrested in Spain, Lithuania for drugs, weapons smuggling

MADRID: European law enforcement agency Europol says 52 people have been arrested in a crackdown on a drug and weapons smuggling network in Spain and Lithuania. Europol said Monday the group hid marijuana in fruit and vegetable shipments inside Europe. At the same time, it modified deactivated firearms to put them back into use and sold them, Europol said. The ... Read More »

Spanish police seize 900kg cocaine

MADRID: The Spanish National Police seized 900 kilograms of cocaine from Colombia, hidden in an alleged container of fruits that arrived at the port of Algeciras, in the southern Andalusian city of Cadiz, said sources today. The drug was hidden inside boxes of bananas, said in a statement issued by the Tax Agency from the Ministry of Finance, the officials ... Read More »

Potatoes exports increase during July in Spain

MADRID: It will be a summer to remember for potatoes, as exports were good both in July and early August. “France needed produce because the early varieties were late, there were downy mildew problems and rain delayed harvesting. Spain also faced a lack of produce,” explains Roberto Piazza, director of Fedagro Acmo Bologna. “Almost 10 thousand tons of produce were ... Read More »

Spain imports 26% more Moroccan fresh vegetables

MADRID: Spain’s fresh vegetable imports from Morocco totalled 133,891 tonnes (+26%) in the first half of 2016. In the whole of the EU, imports amounted to 482,000 tonnes (+13%). Noteworthy is the strong growth of Spain’s tomato imports in the months of January, February and March, which grew by 47% and amounted to 20,206 tonnes. Strong growth was also recorded ... Read More »

Fruit,vegetables to non-EU European countries falls 16%

MADRID: Exports of fresh fruit and vegetables to non-EU European countries totalled 160,214 tonnes in the first half of this year, falling by 16% in volume and 5% in value (which amounted to 208 million Euros) compared to the first half of 2015. Noteworthy is the case of Russia, with a volume of zero tonnes, just as in the first ... Read More »

Spain, Italy seize 3300kg hashish worth $2m

MADRID: Spanish and Italian police seized 3,300 kilograms of hashish worth $1.98 million from a boat off the Italian coast and arrested 19 Polish members of an international drug smuggling ring, Spanish authorities said on Wednesday. The operation, carried out jointly by police from Spain, Poland, Italy and Britain, targeted a organization that was based in the Spanish province of ... Read More »

Spain to import more fruit in 2016

MADRID: Fruit imports totaled 816,837 tonnes, at a value of €816m, according to data from the Department of Customs and Excise from the Ministry of Economy, processed by Fepex. Import growth extended to virtually all products, led by bananas with 148,188 tonnes (+ 31 per cent), apples with 127,926 tonnes (+ 23 per cent), watermelons at 50,370 tonnes (+ 23 ... Read More »

Spain imports more fruitSpain imports more fruit

MADRID: Bananas, apples and watermelons lead the way as the country brings in greater volumes of fruit and vegetables in the first half Fruit imports totaled 816,837 tonnes, at a value of €816m, according to data from the Department of Customs and Excise from the Ministry of Economy, processed by Fepex. Import growth extended to virtually all products, led by ... Read More »

Spain’s trade deficit decreases in June

MADRID: Spain’s foreign trade deficit decreased in June from a year ago, as exports rose and imports fell, figures from the Economy Ministry showed Friday. The trade deficit fell to EUR 1.35 billion in June from EUR 2.04 billion in the corresponding month last year. Exports grew 2.1 percent year-over-year to EUR 22.68 billion in June. At the same time, ... Read More »

Trinidad,Tobago signs agreement with US

MADRID: An agreement that will pave the way for the implementation of the Foreign Account Tax Compliance Act (FATCA) between Trinidad and Tobago and the United States has been signed. On Friday, Finance Minister Colm Imbert and US Ambassador John Estrada signed the agreement that was enacted in the United States in 2010. The agreement is a model IA Inter-Governmental ... Read More »

Andalusian berry exports soar 20.4% in Spain

MADRID: Andalusian berry exports from September 2015 to May 2016, when the production of these products peaks, were worth over 905 million Euro. This figure represents an increase of 20.4 percent in volume and 21.4 percent in value over the same period a year earlier, according to data supplied by the Andalusian Agency for Foreign Promotion, Extenda, of the Council ... Read More »