Potential tax problems for ERTE employees
Employees who receive ERTE payments need to plan for income tax that may become payable
Personal Income Tax
Spanish tax residence rules and the problems caused by the Covid-19 travel ban (updated 31/05/2020)
Forced presence in Spain due to Covid-19 and impact on tax residence rules
New requirements for filing income tax declarations
New arrivals to Spain face extra complications so they can pay income tax in Spain
Income tax – spread betting problems
We examine the Spanish taxation of spread betting and CFDs
Income tax – rental income
Some peculiarities of Spanish tax treatment regarding rental income.
Income tax – exemption from filing an annual income tax declaration.
Discover who is exempt from filing Spanish income tax returns.
Income tax – 60.100€ tax free allowance for those working outside of Spain
Who qualifies for the 60,100€ tax free allowance?
Countries considered by Spanish tax law as tax havens
Spanish tax law contains numerous anti-tax abuse provisions that discriminate against countries that are considered to be tax havens (paraisos fiscales). It has maintained a list of such countries since 1991 and the number of countries has gradually reduced over the years as countries sign tax treaties with Spain that contain an exchange of information … Read more
M720 FAQs
FAQs – M720 annual declaration of foreign assets. Beware, some of the answers to the questions are truly mad. FAQ Sections Who has to file, what to declare, when and how Category 1 assets – Properties and rights over properties owned outside Spain Category 2 assets – Bank accounts outside Spain Category 3 assets – … Read more
I filed a M720 last year. Do I have to file again this year?
There is no automatic obligation to file an M720 each year, so if you filed last year for assets owned on 31 December 2012 you may not need to follow this painful process this year. However, if there have been changes in foreign assets you may have to file again. Spanish tax residents have the … Read more