Spain continues to attract residents and expatriates from across Europe and beyond, drawn by its climate, healthcare system and quality of life. However, recent data show that the cost of everyday living is placing increasing pressure on household finances. According to the latest consumer spending analysis, the average Spanish household now spends approximately 21,938 € … Read more
As you approach the age of 65, you may begin considering ways to supplement your retirement income. One particularly tax-efficient strategy is to sell an asset and reinvest the proceeds into a lifetime annuity investment. This approach can provide a steady stream of income while offering significant tax advantages under Spanish tax law. Exempt Sales … Read more
In recent months, the Supreme Court ruling of May 20, 2025, has generated a lot of interest, and with good reason. The ruling sets clear and necessary limits on an all too common administrative practice: the Spanish Tax Office assigning tax liabilities to directors simply because they are directors and hold that position. This ruling … Read more
In Spain, businesses and self-employed individuals must comply with a range of tax reporting obligations, among which Form 347 (in Spanish known as Modelo 347) stands out as a key instrument for fiscal control. Far from being a mere administrative formality, this annual informative declaration allows the Spanish Tax Office (Agencia Tributaria) to detect inconsistencies, cross-check transactions between companies, and combat undeclared economic activity. For 2025, the form includes a notable update, making an understanding of its requirements more essential than ever.
Recent discussions in the Netherlands about changes to the taxation of private investments have raised concerns among long-term savers. While no final legislation has yet been enacted, the direction of the proposed reform is clear enough to merit attention. One country that often enters that conversation is Spain, not merely for lifestyle reasons, but for … Read more
Introduction As part of Spain’s ongoing pension reform, the government introduced in 2023 additional Social Security contributions aimed at reinforcing the long-term sustainability of the public pension system. Two key instruments in this strategy are the Intergenerational Equity Mechanism (MEI) and the Solidarity Contribution, both of which have a direct impact on payroll costs and … Read more
Starting in 2026, the Spanish Tax Office will enforce updated financial reporting obligations. These changes affect all self-employed individuals and businesses and will also impact banks and payment entities. The objective of the reform (Order HAC/747/2025 and Royal Decree 253/2025) is to provide more timely and detailed financial information, improving transparency, monitoring, and the ability … Read more
If you rent out a property by days, weeks, or months for holiday purposes, you probably think you have everything under control: license, Unique Registration Number (URN), platform, tax returns… But be careful, you may be breaking a key obligation without knowing it. And the worst thing is not the penalty. The worst thing is … Read more
When there is an economic disequilibrium between the spouses after a divorce, it is common to set a compensatory pension. But what few people know is that the tax treatment can make a big difference. How is it actually taxed? Provided that the pension is ordered or ratified by a judge, the treatment in personal … Read more
Spain enters 2026 without any major structural tax reform, but with a series of practical adjustments affecting employees, freelancers, landlords and companies. While some measures have attracted headlines, others have gone largely unnoticed despite having real consequences. The main challenge for taxpayers is distinguishing between confirmed legal changes and political announcements that have not yet … Read more
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