Spanish to English translations [PRO]
Bus/Financial - Finance (general) / credit policies | | Spanish term or phrase: vecindad foral | Si se trata de personas físicas, éstas deberán comunicar al Banco, tan pronto como se produzcan, sus cambios de domicilio, estado civil, nacionalidad o vecindad foral y régimen económico matrimonial o cualesquiera otros datos personales, y si son comerciantes, cualquier eventual acto de oposición al ejercicio del comercio que pueda ser formulado por los respectivos cónyuges según los artículos 6 a 11 del Código de Comercio
This is from Spain and I suppose this means which comunidad autónoma you live in, although that would surely be covered under address, wouldn't it? It's not like you can change one day and decide to be vasco, gallego or alicantino, or can you? and even if you could, why should the bank care? |
| MJ BarberKudoZ activityQuestions: 1409 ( 1 open) ( 21 without valid answers) ( 61 closed without grading) Answers: 1352
| | Local time: 07:23
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| | see explanation | Explanation:
"Vecino de Madrid" means "resident in Madrid". So "vecindad" means residence rather than nationality. The question here is that if you take up residence in any of the three Basque provinces, you are no longer under the Spanish central tax system and now fall under the provincial ("foral") tax system. Consequently, the bank would need to know that in order to apply the appropriate withholding rates, etc.
So, one thing is to tell them where you live so your statements reach you, whereas "vecindad foral", while being the same thing, has greater ramifications. |
| Selected response from:
 John Rynne
Local time: 07:23
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