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
With Donald Trump securing re-election in November 2024, many Americans are reassessing their future, including where they want to live and pay taxes. While political shifts often prompt individuals to consider relocating, Spain has long been an attractive destination for expatriates, thanks to its sunny climate, rich cultural heritage, and relatively low cost of living. … Read more
In Spain, the issue of property occupation has sparked intense debates regarding the rights and obligations of property owners. One of the most contentious aspects is whether property owners should continue paying taxes associated with properties that have been unlawfully occupied. Currently, Spanish law does not consider unlawful occupation as grounds for exemption from property-related … Read more
The informative M349 form includes a critical method for filing the declaration to the tax office for businesses involved in intra-community transactions. While it is generally filed monthly, there are specific rules and exceptions regarding its frequency. Below is a breakdown of the guidelines, along with practical examples to clarify the difference between monthly and … Read more
Social Security offers an extension of the flat rate contribution scheme for self-employees whose net income does not exceed the Minimum Interprofessional Wage (SMI)
As Spain ushers in the new tax year, taxpayers are greeted with some notable updates. While there aren’t many sweeping changes, a few key adjustments could significantly impact high-income earners, property owners, and those with investment interests. Here’s an overview of the most relevant tax developments for 2025. Higher Tax Rates on Large Incomes and … Read more
A recent resolution issued by the Central Economic-Administrative Court (TEAC) introduces additional complexity to the tax treatment of business mergers, restructurings, and reorganisations. In this new resolution, the court argues that it constitutes a form of tax evasion when a shareholder transfers shares to a holding company with the intention of selling them in the … Read more
In Spain, companies showing profit in their last Corporation Tax filed, are required to make advance payments for their next Corporation Tax, in three instalments a year: in April, October, and December. These payments can be calculated using two methods outlined in Articles 40.2 and 40.3 of the Corporation Tax Law. Choosing the appropriate method … Read more
Supreme Court Ruling Could Lead to Higher Compensation for Workers in Disciplinary Dismissals A recent ruling by the Spanish Supreme Court (TS) has made a significant change to employment law, potentially leading to higher compensation for workers who face unfair disciplinary dismissals. On 18 November, the Court decided that companies must now give workers a … Read more
Prime Minister Pedro Sánchez announced yesterday in a press conference that his government aims to increase the “tax burden” on non-European residents purchasing property in Spain to 100% of the property’s value. While this measure ostensibly seeks to curb speculative investments and alleviate housing shortages for locals, it raises more questions than it answers. There … Read more
Copyright © 1985 - 2026 Spence Clarke & Co.
The Income Tax and Wealth Tax Declaration campaign is now underway. All tax residents of Spain are reminded that Income and Wealth Tax Declarations must be filed no later than 30 June.
In addition, Great Fortunes Tax Declarations must be submitted by 31 July.
Please contact us if you would like assistance, as we can prepare and file the declarations on your behalf.
Companies in Spain are reminded that Corporation Tax Declarations must be filed by 25 July.
Submitting the declaration within the official deadline is important to remain compliant with Spanish tax regulations.
We are available to assist with the preparation, review, and filing of your Corporation Tax Declaration.
