{"id":7060,"date":"2019-07-27T11:12:07","date_gmt":"2019-07-27T11:12:07","guid":{"rendered":"http:\/\/13.40.31.108\/?p=7060"},"modified":"2019-07-27T11:12:18","modified_gmt":"2019-07-27T11:12:18","slug":"us-senate-finally-unblocks-the-2013-tax-treaty-with-spain","status":"publish","type":"post","link":"https:\/\/ustaxconsultants.es\/es\/us-senate-finally-unblocks-the-2013-tax-treaty-with-spain\/","title":{"rendered":"US Senate finally unblocks the 2013 Tax Treaty with Spain."},"content":{"rendered":"<p>Antonio Rodriguez. July 2019 (<em>A continuaci\u00f3n en espa\u00f1ol<\/em>)<\/p>\n<p>The US Senate Financial Commission voted in late July in favor of unlocking a decisive amendment to the tax agreement between Spain and the US which updates the measures to avoid double taxation and prevent tax evasion, which already existed with the 1990 Convention.<\/p>\n<p>The new Agreement signed in 2013, in close relationship with <a href=\"\/\/ustaxconsultants.es\/download\/agreement-spain-usa-on-fatca-2014\/\">FATCA<\/a>, was pending from the US Senate Financial Commission for the reluctance of some senators (for example, Rand Paul, Republican senator). The main reluctance was that, with the automatic exchange of financial information provided by FATCA, foreign governments could have access to the tax information of US citizens. In the same situation were the treaties with Luxembourg, Switzerland and Japan.<\/p>\n<p>The new protocol will enter into force when it is ratified by the full US Senate, possibly this summer, and contemplates changes to facilitate direct investments between Spain and the US.<\/p>\n<p>On the other hand, unilaterally, the tax reform approved by Donald Trump last 2017 included the possibility of including in the Treaty a new tax of 5% to 10% on interest, fees and services to entities outside the US.: Base Erosion Anti-Abuse Tax or BEAT, which has not reached fruit set.<\/p>\n<p>The most important changes with respect to the 1990 Convention, in force, are indicated below. It is a treaty that consists in avoiding double taxation of US citizens because they are obliged to submit their income tax returns, reporting worldwide income, annually in view of their status as \u00abUS Persons\u00bb (= US Citizens, Green Card Holders and Resident Aliens), in addition to the Income Tax Return in Spain, IRPF, for its status as residents.<\/p>\n<p>The most important changes that are modified with the new Convention are:<\/p>\n<ul>\n<li>For interests, dividends and capital gains, among others, this protocol ends taxation in source for residents in another country, except in the case of alienation of real estate or companies that have, above all, real estate as an asset.<\/li>\n<li>Taxes on royalties disappear.<\/li>\n<li>For individuals with a pension plan who wish to transfer from one country to another, the protocol allows the transfer of these funds to the other country without having to be subject to taxes. US pensions will not be taxed in Spain unless there are distributions.<\/li>\n<li>A new regime for exchanging information and administrative assistance between both countries is being developed, extending this collaboration to other taxes not included in the Convention.<\/li>\n<\/ul>\n<p>In general terms, we can say that this is good news for both countries by improving conditions to avoid double taxation.<strong><\/p>\n<p><\/strong>If you want more information, do not hesitate to participate in any of our events organized by the <a href=\"http:\/\/www.americanclubofmadrid.com\">American Club of Madrid<\/a> in which we will discuss in depth many other aspects of the new Agreement, both at the American Club of Madrid Business Lunch on October 17, and at the Need To Know Seminar \u201cNew Treaty between Spain and the USA to avoid double taxation\u201d on November 21, 2019.<strong><br \/><\/strong><\/p>\n<p>In Spanish&#8230;.<\/p>\n<p>La Comisi\u00f3n Financiera del Senado de los EE.UU. vot\u00f3 a finales de julio a favor de desbloquear una enmienda decisiva al convenio tributario entre Espa\u00f1a y EE.UU. que actualiza las medidas para evitar la doble imposici\u00f3n y prevenir la evasi\u00f3n fiscal, que ya exist\u00eda con el Convenio de 1990.<\/p>\n<p>El nuevo Convenio firmado en 2013, en estrecha relaci\u00f3n con <a href=\"\/\/ustaxconsultants.es\/download\/agreement-spain-usa-on-fatca-2014\/\">FATCA<\/a>, qued\u00f3 pendiente de la Comisi\u00f3n Financiera del Senado estadounidense por las reticencias de algunos senadores (por ejemplo, Rand Paul, senador republicano). La principal reticencia se centraba en que, con el intercambio de informaci\u00f3n financiera autom\u00e1tica del FATCA, los gobiernos extranjeros pudieran acceder a la informaci\u00f3n fiscal de los ciudadanos estadounidenses. En la misma situaci\u00f3n se encontraban los tratados con Luxemburgo, Suiza y Jap\u00f3n.<\/p>\n<p>El nuevo protocolo entrar\u00e1 en vigor cuando sea ratificado por el pleno del Senado de EE.UU., posiblemente este verano, y contempla cambios para facilitar las inversiones directas entre Espa\u00f1a y EE.UU.<\/p>\n<p>Por otro lado, de forma unilateral, la reforma fiscal aprobada por Donald Trump el pasado 2017 inclu\u00eda la posibilidad de incluir en el Tratado un nuevo impuesto de un 5% a un 10% sobre intereses, c\u00e1nones y servicios a entidades fuera de EE.UU.: Base Erosion Anti-Abuse Tax o BEAT, que no ha llegado a cuajar.<\/p>\n<p>Se indican a continuaci\u00f3n los cambios m\u00e1s importantes respecto al tratado de 1990, en vigor. Es un tratado que consiste en evitar la doble imposici\u00f3n de los ciudadanos estadounidenses porque est\u00e1n obligados a presentar su declaraci\u00f3n de rentas (las que tengan en todo el mundo) anualmente en vista de su condici\u00f3n de \u201cUS Persons\u201d (=US Citizens, Green Card Holders and Resident Aliens), adem\u00e1s de la declaraci\u00f3n de rentas en Espa\u00f1a por su condici\u00f3n de residentes.<\/p>\n<p>Los cambios m\u00e1s importantes que se modifican con el nuevo Convenio son:<\/p>\n<ul>\n<li>Para intereses, dividendos y ganancias de capital, entre otros, este protocolo acaba con la tributaci\u00f3n en Estados Unidos, excepto cuando se trate de enajenaci\u00f3n de inmuebles o sociedades que tengan, sobre todo, bienes inmuebles como activo.<\/li>\n<li>Desaparecen los impuestos sobre los royalties.<\/li>\n<li>Para las personas f\u00edsicas con un plan de pensiones que deseen trasladar de un pa\u00eds a otro, el protocolo permite la transferencia de esos fondos al otro pa\u00eds sin que tengan que quedar sujetas a impuestos. Las pensiones de EE.UU. no tributar\u00e1n en Espa\u00f1a a menos que existan distribuciones.<\/li>\n<li>Se desarrolla un nuevo r\u00e9gimen de intercambio de informaci\u00f3n y de ayuda administrativa entre ambos pa\u00edses, extendiendo esta colaboraci\u00f3n a otros impuestos no incluidos en el Convenio.<\/li>\n<\/ul>\n<p>En t\u00e9rminos generales podemos afirmar que se trata de buenas noticias para ambos pa\u00edses al mejorar las condiciones para evitar la doble imposici\u00f3n fiscal.<\/p>\n<p>Si deseas m\u00e1s informaci\u00f3n no dudes en participar en alguno de los eventos organizados por el <a href=\"http:\/\/www.americanclubofmadrid.com\">American Club de Madrid<\/a> en los que discutiremos en profundidad muchos otros aspectos del nuevo Convenio, tanto en el ACM Business Lunch del 17 de octubre, como en el Seminario NTK \u201cNuevo Tratado entre Espa\u00f1a y EE.UU. para evitar la doble imposici\u00f3n\u201d del 21 de noviembre del 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Antonio Rodriguez. July 2019 (A continuaci\u00f3n en espa\u00f1ol) The US Senate Financial Commission voted in late July in favor of unlocking a decisive amendment to the tax agreement between Spain and the US which updates the measures to avoid double taxation and prevent tax evasion, which already existed with the 1990 Convention. The new Agreement [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":7068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-7060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/ustaxconsultants.es\/es\/wp-json\/wp\/v2\/posts\/7060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ustaxconsultants.es\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ustaxconsultants.es\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ustaxconsultants.es\/es\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ustaxconsultants.es\/es\/wp-json\/wp\/v2\/comments?post=7060"}],"version-history":[{"count":0,"href":"https:\/\/ustaxconsultants.es\/es\/wp-json\/wp\/v2\/posts\/7060\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ustaxconsultants.es\/es\/wp-json\/wp\/v2\/media\/7068"}],"wp:attachment":[{"href":"https:\/\/ustaxconsultants.es\/es\/wp-json\/wp\/v2\/media?parent=7060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ustaxconsultants.es\/es\/wp-json\/wp\/v2\/categories?post=7060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ustaxconsultants.es\/es\/wp-json\/wp\/v2\/tags?post=7060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}