Spain’s new national tax on wealth
We explain how the new Spanish national Wealth Tax works in combination with the old regional system.
Spain’s new Wealth Tax – El impuesto sobre Grandes Fortunas
This highly politically motivated duplicate tax has already resulted in legal actions against the Government and general chaos for those concerned about tax planning for the wealthy in Spain.
Wealth Tax – Update – Just when you thought Spain was moving in the right direction…
Wealth tax is a political football and central Government is determined to keep it in play, regardless of how little money it raises, such is the state of Spanish politics
Wealth tax HAS FINALLY GONE in Andalucia – is Andalucia now a tax haven?
At last, Wealth Tax has gone from Andalucia and we will soon be welcoming many thousands of new residents.
M720 FAQs
The weird and wonderful world of the M720 explained with FAQs
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
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
Spanish Tax Treaties Changes – a taxing trend for foreigners
Spain is very active in signing new tax treaties and updating some old treaties, unfortunately not necessarily for the benefit of the individuals investing in Spain. Double Tax Treaties are bi lateral, supranational laws that regulate the way that foreigners are taxed on assets and income of the other country. Generally speaking where both countries … Read more
Yet more anti tax fraud measures for Spain – the M720
Here are details of the Stick that followed the tax amnesty Carrot. If there was ever a piece of tax law that needed thought, this is it! 2012 proved to be one of the most exhausting years in terms of the amount of new law. New tax regulations were certainly one of the main focuses … Read more
