Tax exemption – working in Gibraltar and living in Spain
Many cross border workers will enjoy unexpected benefits from the combination of the new Gibraltar/Spanish tax treaty and the Spanish income tax exemption for working abroad
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 declared the ownership of a foreign assets in a previous year you may not need to follow this painful process this year. However, if there have been any changes to the foreign assets you own, you may have to file again. … Read more
M720 FAQs
The weird and wonderful world of the M720 explained with FAQs
Income tax – spread betting problems in Spain
We examine the Spanish taxation of spread betting and CFDs and the dangerous differences between the two
Potential tax problems for ERTE employees
Employees who receive ERTE payments need to plan for income tax that may become payable
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
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
Could Andalucia become a low tax region?
Can this really be true?Well, unbelievably, perhaps. One of the promises made by the right wing parties during the December 2018 elections in Andalucía was to reduce taxes. We all know that politicians like to promise to reduce taxes and increase public spending at the same time but one of the few things that the … Read more
The New Obligation of Gibraltar Financial Institutions to Provide Automatic Exchange of Tax Information to The Spanish Tax Office
As part of the recent agreements of exchange of tax information subscribed by Gibraltar for cooperation in tax matters, the Gibraltar financial institutions will be reporting to the Spanish tax office the relevant tax information of all their account holders, including income on earnings, tax withheld and tax residency status. The first reporting will take … Read more
