As the second instalment of the 2025 Spanish income tax return approaches, it is worth revisiting how the Tax Office deals with late or missed payments. Many taxpayers chose to split their payment into two parts, with 60 per cent due in June and the remaining 40 per cent in early November. The rules seem … Read more
One of the most frequent concerns among foreign residents in Spain is the belief that the Spanish tax office can empty their bank account without prior notice. While the tax authorities do have the power to freeze funds (embargo) in certain circumstances, this is never an automatic or arbitrary process. Although Hacienda is sometimes viewed … Read more
Spain has long been a magnet for globally mobile professionals. With the launch of its Digital Nomad Visa (DNV) and the expansion of the so-called Beckham tax regime, the country now offers not just lifestyle, but a highly competitive fiscal proposition — at least for those who understand the rules. At first glance, the combination … Read more
On June 2025, the Generalitat Valenciana published Law 5/2025, introducing a set of fiscal measures that suggest a clear shift in approach. Among the most notable is the increase in the wealth tax exemption threshold, which will rise from 500.000€ to 1.000.000€ as from 31 December 2025. This change applies to both resident taxpayers and … Read more
When a company becomes subject to a tax inspection, it must adhere to two different types of deadlines: response deadlines for specific requests and the overall timeframe for the inspection process. While businesses are typically required to respond to tax authority requests within 10 or 15 business days or, in certain cases, one month, the … 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
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
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
With an increasing number of foreign nationals moving to Spain, it is becoming more common to inherit or receive gifts of assets located abroad. If this applies to you, it is essential to understand where these transactions are taxed to ensure compliance with your tax obligations. Who pays tax and to whom? Unlike in other … Read more
Phishing scams posing as the Spanish Tax Office have become a common cyber threat. Fraudsters send deceptive emails, specially during this period of the year where many tax payers are waiting to receive their refunds from the tax office, tricking victims into revealing sensitive information, as important as bank account details. Recognizing these scams is … Read more
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