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
Starting 1st January 2025, the VAT rate on electricity bills in Spain has returned to the standard 21%, bringing an end to the temporary reductions implemented during the recent energy crisis. These tax breaks, which lowered the VAT rate to as little as 5% during peak periods of rising energy costs, were introduced to ease … Read more
Spain’s tax inspectors accused of being unreasonable and abusive towards Beckham Law beneficiaries in an advertisement published in the Financial Times of the UK. An action group is being organised.
Some peculiarities of Spanish tax treatment regarding rental income.
A brief article on UK families moving to Spain for the private eductation of their children, now that the Labour Government is attacking private education
Many move to Spain and want to continue receiving income from a company that they used for business in their coutry of origin. This
article discuss the key issues involved.
Guidance for small business owners to help understand their accounts and avoid expensive mistakes and a few tax planning tips.
A brief foreword It will come as no surprise that Spain’s famously bureaucratic system has a truly rich array of tax forms that have to be filed by businesses and individuals. In this article we list and explain in brief terms the 20 odd most common tax forms that can apply to small scale businesses, … 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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The Income Tax and Wealth Tax Declaration campaign is now underway. All tax residents of Spain are reminded that Income and Wealth Tax Declarations must be filed no later than 30 June.
In addition, Great Fortunes Tax Declarations must be submitted by 31 July.
Please contact us if you would like assistance, as we can prepare and file the declarations on your behalf.
