In recent years, there has been significant debate regarding the tax treatment of late payment interest in the context of taxation. Below, we explain how these interests are calculated and how they are taxed under the Spanish Personal Income Tax (IRPF). What are late payment interests? Late payment interests are intended to compensate the tax … Read more
Discover accounting as you have never seen it before. Paperwork, delays, and guesswork are a thing of the past. With Spence Clarke’s Accounting in Real Time, everything happens live , your sales, expenses, and tax, all in one place, wherever you are. Whether you prefer to take control yourself or let the experts handle it … Read more
If you are separating from your spouse and will be required to pay compensatory maintenance, it is generally more advantageous to do so in the form of periodic payments rather than a single lump sum. Below, we explain the tax implications under Spanish law and why a phased payment approach may prove more beneficial. Compensatory … Read more
The process of selling a property in Spain involves more than simply finding a buyer. It entails a series of tax obligations, the most significant of which is the capital gains tax.The realisation of capital gains in Spain carries with it the obligation to file the corresponding tax declaration depending on the type of taxpayer, … Read more
Have you and your sibling inherited a house of significant value and taken joint ownership? Are you now interested in becoming the sole owner but lack the funds to compensate your sibling? You may not be aware that there is an alternative: you can use another property as compensation. Joint Ownership: A Common Scenario Following … Read more
When it comes to property sales and tax declarations, understanding time limits and exemption rules is essential. Particularly relevant is the reinvestment exemption for the sale of a main residence. Here, we explain how the tax prescription period may be extended when this exemption is applied. Four-Year Review Period In general, when a taxpayer files … Read more
This summer, our partners Sue, Alistair, and Claudia were joined by the Spence Clarke management team for a memorable sailing trip from Puerto Banús, Marbella. It was a day full of laughter, adventure, and just the right amount of challenge from the open sea. The water was a little wavy, which meant that poor Sue … Read more
In the context of intra-Community trade in goods, Intrastat is a compulsory statistical system afffecting thousands of businesses in Spain and across the European Union. While it is not a tax requirement, compliance is mandatory and failure to submit or serious errors are subject to significant penalties. Any business involved in buying or selling goods … Read more
Imagine this: tax inspectors arrive at your business unexpectedly, armed with a court order. You may be tempted to push back, but legally, you cannot deny them entry. However, that does not mean you must comply with everything they ask, especially when it comes to questioning your employees. When can tax inspectors enter your business? … Read more
This year’s Spence Clarke summer party was nothing short of spectacular. On a hot and sunny day, most of us gathered early at the beach near Beso Beach, ready for a day of relaxation, fun, and celebration. Armed with beers, tintos de verano, refreshments, plenty of ice, sun cream, towels, and parasols, we were set … Read more
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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.
The deadline for quarterly declarations for self-employed professionals (autónomos) and companies in Spain this month is as follows.
Please contact us if you would like assistance, as we can prepare and file the declarations on your behalf.
Taxpayers in Spain who are subject to the Great Fortunes Tax are reminded that the declaration must be filed no later than 31 July.
Meeting the filing deadline is important in order to comply with Spanish tax obligations.
Our team is available to handle the preparation and submission of the declaration for you.
