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International Tax Consultation

Kaldo · 2021-11-04 14:53:45

My family is running a business in Spain which I would become assigned as Administrator (aka Secretary here). Power of attorney will be assigned to my father to run the business on a daily basis on my behalf. The point here is that I would become a sole-trader in Spain but NO salary will be paid. I won't be employed but…

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04-11-2021 3:53pm

#1
Kaldo

Registered Users Posts: 221 ✭✭

Join Date: December 2019

Posts: 111
My family is running a business in Spain which I would become assigned as Administrator (aka Secretary here). Power of attorney will be assigned to my father to run the business on a daily basis on my behalf.
The point here is that I would become a sole-trader in Spain but NO salary will be paid. I won't be employed but set up as a sole-trader which is a requirement to become a named Administrator. The company ONLY will pay for my affiliation to Social Security (aka PRSI here). That's all. There won't be any contract whatsoever.
Legally I checked over with a Spanish tax advisor and there is no problem at all.
Question is: do I need to declare anything here in Ireland or it might cause any legal/revenue issue?

Tagged:

tax

prsi

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