tax

10 common tax pitfalls for expats in Spain – and how to avoid them

Most tax problems faced by expats in Spain do not arise from complicated investments or deliberate tax planning. They usually result from relatively simple misunderstandings about how the Spanish tax system works. Here are nine of the most common tax pitfalls we encounter and how they can be avoided. 1. Using figures from the wrong … Read more

A 100% tax surcharge on properties for non-European residents: is this feasible?

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

A small business VAT exemption for Spain – will this ever happen?

If Spain fails to incorporate into its tax regulations the EU directive 2020/285, approved by the Council of Europe on 18/02/2020, it will be subject to fines from the EU Commission. Perhaps other sanctions will apply and maybe Spain will be prevented from receiving EU funds until they comply. That would be very painful and … Read more

IVA incurred in EU countries

A little interesting fact about claiming IVA incurred on expenses in EU countries. If during the past year your company sent an employee to work in another EU member country, eg you are a Real Estate office and you sent one of your employees to France to attend a large property exhibition, it is very … Read more