Santa Cruz de la Palma taxes on trading?

Hey guys,

my friend just made a trip to "Santa Cruz de la Palma" and I think about visiting him since he wants to stay there for few months.
I'm right now curious about the tax situation there for trading gains but can't really find anything online right now (My english also isn't the best)

Would appreciate some informations

Thanks !

For day trading it is up to 52% if you trade as an individual, however if the profit is declared as the profit of a business it is up to 20% depending on how much you´ve made. Most professional traders register companies (where they usually only work themselfs) in order to pay less taxes.

Hope I´ve helped

Hi!

Thanks for you the reply! 52% is a lot...and registering a business would be to complicated for me hehe. Then I'm going to just visit him for vacation.

And you are sure? Because I found this in the meantime on wiki:

https://en.wikipedia.org/wiki/Capita...Cayman_Islands

Thanks!