Spain Explained

A guide for foreigners on every aspect of safe property ownership in Spain

Posts filtered by Resident taxes in Spain

Tax in Spain for residents: Read our quick guide

guide to tax in Spain for residents

Retirement in Spain is still a very popular choice. When better to take advantage of Spain’s beautiful climate and perfect pace of life than when you have the time to really enjoy it? However, what you don’t want whilst you are enjoying your new lifestyle are worries about tax or documentation in a foreign country. […]

Spanish tax forms foreigners need to complete to avoid penalties

Spanish tax forms

Living in Spain brings with it fantastic opportunities to enjoy a different culture, climate and pace of life. Whatever stage of life you are at, it is a rewarding experience. When moving to another country, though, one must be aware of the tax procedures in place. We would like to remind you that taxation in […]

Making a resident tax declaration

If you are a resident in Spain then it is very likely that you will have to make a resident tax declaration annually. This declaration or tax return provides evidence of your income in Spain that can be used for a number of reasons, including determining your prescription charges. The process is quite straight forward […]

Time for the Spanish 720 again

modelo-720-asset-declaration-form

It’s two years ago that foreigners living in Spain were first introduced to the 720 asset declaration form. In case you are blissfully unaware, the 720 is a form on which foreigners living in Spain must record assets of a specified value and type held in other countries. Over the years there has been some […]

Tax, tea and travel in Mazarrón

It’s an important time of the year for residents in Spain. The end of March is the deadline for those who have to present the 720 this year and the 30th June is the deadline for the annual resident tax declaration. We know that many people continue to have questions they want to ask about […]

Must you make a resident tax declaration in Spain?

Do you enjoy sudoku? Are you one of those people whose coffee table is piled high with completed, half completed and ready to complete puzzle books? Working with numbers is absorbing; it can also be frustrating at times. When you are locked in battle with a particularly difficult sudoku grid, they have the upper hand. […]

Time to update your 720 form in Spain

update-your-720-form-in-Spain

Last year was the first year in which the form 720 had to be presented by those residents in Spain with assets abroad. If there have been no changes in your circumstances since you presented your 720 last year you will not need to submit a form this year. However, you will need to complete […]

The resident tax declaration

resident-tax-declaration-spain

During the months of April to June, fiscal representatives around the Spain are very busy. This is the time of year when the Spanish resident tax declarations are completed.  If you are over a basic threshold then you are required to complete an annual tax declaration in Spain as a resident before June 30th  each […]

Resident Taxes in Spain

resident-taxes-spain

I am resident in Spain. What should I be paying? If you are resident in Spain you have to pay two types of taxes each year: Local Taxes (Council Tax, IBI) These taxes are paid directly to your Town Hall or via the SUMA offices. Government Taxes (Income Tax) These taxes are paid to the […]