Tax updates for Spain and France
You may decide to deregister as an autónomo/self-employed in Spain for various reasons, for example, if you are now employed by a company and taxed at source, or if you’re moving abroad, or if you…
In our last article we looked at the difficulties of forming a limited company in Spain and suggested an alternative to individual business owners who are just starting off in business in Spain. Non-resident companies…
Forming a company in Spain is more complex than in many other European countries. This is mainly because Spain still uses the Notarial system for legalisation of private and public transactions, including purchasing a property….
Originally meant to be introduced in 1st January of this year, the implementation of these big changes in VAT in the European Union has been put back to 1st July due to COVID-19 and may…
The Modelo 720 is a declaration form that must be submitted by all Spanish tax residents who own any foreign assets exceeding 50,000 euros. Although submission of this form is for informative purposes only, and…
When you sell your Spanish property as a non-resident, you may notice that you only receive 97% of the sale proceeds—this is because the buyer is required to withhold 3% of the sale price and…
We have now entered the final quarter of 2020 and the end of the Brexit transition period is fast approaching. From the 1st of January 2021, the UK will no longer benefit from being an…
Non-residents are taxable on their French source income only. As a non-resident owner of property in France, you will be liable to pay income tax on your rental earnings. There is no lower threshold, therefore…
French VAT is called ‘Taxe sur la Valeur Ajoutée’, or ‘TVA’, and foreign companies providing taxable supplies of goods or services in France are required to obtain a French VAT number. If your company is…