Tax declarations – Spence Clarke

Temporary and lifetime annuities in Spain: How they are taxed

06/05/202627/04/2026 by Javier Osorio Soria

Temporary and lifetime annuities are common financial products in Spain, typically structured through life insurance contracts or capitalisation schemes. The Spanish Tax Office (AEAT) provides a detailed set of rules that determine how much of each payment is taxable and how these annuities must be included in the Personal Income Tax return (IRPF). What is … Read more

Understanding Modelo 347 in Spanish Taxation

18/02/2025 by Martina Navarro

In Spain, businesses and self-employed individuals must comply with various tax reporting obligations. One of these is Modelo 347, an annual informative declaration required by the Spanish Tax Agency (Agencia Tributaria). This form is used to report transactions with third parties that exceed a specific threshold, ensuring greater transparency and preventing tax fraud. What Is … Read more