Tax updates for Spain and France
“In this world nothing can be said to be certain, except death and taxes”.
Benjamin Franklin, 1789
Even Benjamin Franklin could never have forseen Modelo 720, this unpopular, perplexing and even frightening tax declaration that has been in force in Spain for a year now.
Now our January busy season is over, I have had some time to digest the Spanish Tax Office’s updates for the year 2014. Below is a summary; you will find all of up-to-date rates and allowances on our Spanish tax database starting at www.spainaccountants.com/tax
For the last couple of years, the Agencia Tributaria has been rolling out a service by which Spanish companies and Spanish establishments of overseas companies are required to register for Electronic Notifications (NotificacionesElectrónicas Obligatorias).
Continue reading “Notificaciones Electronicas/ Dirección Electrónica Habilitada (DEH)”
Annual income tax: for non-residents with no rental income
If you own a Spanish property which you do not rent out, then you are still obliged under Spanish tax law to submit an annual tax return and pay the tax due.
Continue reading “Non-residents with Spanish property: Calculating and paying the tax due”
Over the twelve years that I have been practising in Spain, I have taken on work from several non-resident clients who wish to reclaim the overpaid tax on the sale of their Spanish properties. Over that time, the tax rates and returns have changed, while one thing has stayed the same: it’s an awfully slow process !
Continue reading “Non-residents: Claiming the tax refund on the sale of your Spanish property”