From 1 January 2025, the tax landscape in Spain will change drastically with the amendment of article 29 of Law 27/2014, of 27 November, on Corporate Income Tax (LIS). Small and micro companies are in luck! A progressive tax reduction will be implemented that will reduce their tax liability, allowing them to compete more strongly … Read more
Spain has taken a significant step toward improving work-life balance by approving a draft law to reduce the maximum weekly working hours from 40 to 37,5 without lowering salaries. This reform aims to enhance job quality, increase productivity, and promote a more equitable labour market. However, it also presents challenges for businesses and the broader … Read more
If you have decided to leave Spain and sell your property, it is important to consider the best time to do so. Be aware that even after relocating to another country and becoming a resident there, you will still be liable for Capital Gains Tax (CGT) in Spain on the sale of your home. Additionally, … Read more
The requirement for businesses and individuals to provide electronic invoices to their clients to secure Spanish anti-fraud regulations has moved a step closer. The Spanish Ministry of Finance has officially published the long-awaited Royal Decree that establishes invoicing and billing software requirements. Overview Since February 2022, when a draft of the intended Royal Decree was … Read more
It is generally well understood that a Non Lucrative Visa (NLV) allows a person to reside in Spain but does not permit them to work, whether for an employer or as a self employed person. However, a common question arises: can an NLV holder work for a foreign employer, carrying out their duties outside Spain … Read more
In Spain, housekeepers play an essential role in many households, offering invaluable support in managing daily tasks. However, both employers and housekeepers often find themselves uncertain about the legal rights and responsibilities involved. This article provides an overview of the key aspects of employing domestic staff in Spain, ensuring both parties are aware of their … Read more
Changing a bank account in Spain is a common step for residents and non-residents alike, but it requires careful planning to avoid complications. Whether you’re switching banks for better services, changing from a resident to a non-resident account, or simply looking for lower fees, there are several important aspects to keep in mind. Reasons for … Read more
If you have recently bought, inherited, or been gifted a property, you might be in for an unpleasant surprise when calculating your taxes. The tax office doesn’t just consider the price you paid (or the value stated in the deed)—they rely on a reference value set by the government. The problem? This reference value is … Read more
In Spain, businesses and self-employed individuals must comply with various tax reporting obligations. One of these is Modelo 347, an annual informative declaration required by the Spanish Tax Agency (Agencia Tributaria). This form is used to report transactions with third parties that exceed a specific threshold, ensuring greater transparency and preventing tax fraud. What Is … Read more
Self-employed employees in Spain, also known as “autónomos,” are required to contribute to the country’s Social Security system, which determines their access to benefits such as pensions, sick leave, and unemployment benefits. In 2025, the income-based contribution system introduced in 2023 will continue to evolve, adjusting income brackets and contribution bases to create a fairer … Read more
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