Spain Explained

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

Posts filtered by Tax requirements in Spain

What you need to complete the Spanish 720 asset declaration form

Spanish-720-asset-declaration-form

Last updated on May 9th, 2020 at 04:17 pm. You’ve got your ticket, you’ve waited in the queue, you get to the ‘funcionario’, and guess what? You haven’t got the right paper work. There always seems to be something you’ve forgotten; not had copied; that’s out of date or you didn’t realise you needed. It’s […]

Read more

Getting ready for the Spanish 720

Spanish-720-model

Last updated on May 9th, 2020 at 04:18 pm. It sounds a little like a bus route, the 720. The publicity surrounding its introduction last year certainly made it a household name, at least amongst the expat population. However, just in case you haven’t heard of it before, the 720 is the asset declaration form […]

Read more

The second round of the Spanish 720

720-model-spain-second-round

Last updated on May 9th, 2020 at 04:20 pm. Last year around this time, there was great consternation amongst many foreigners living in Spain. The requirement to complete the 720 asset declaration form really shook the community. In case you are blissfully unaware, the 720 is a form on which foreigners living in Spain must […]

Read more

Deductions from 3% retention in Spain

deductions-from-3-retention-in-spain

Last updated on March 17th, 2020 at 05:40 pm. The 3% retention is the amount that is kept back by the Spanish Tax Authority after the sale of a property by a non-resident. It is used to pay the Spanish Capital Gains Tax and ensures that funds remain available. Ábaco sometimes receive notifications from the […]

Read more

Find out more about non-resident property taxes

non-resident-property-taxes

Last updated on May 9th, 2020 at 04:23 pm. Do you know what you’re getting for Christmas? Is it a present you’ve already asked for, some money, or will it be a surprise? People seem to fall into two groups when it comes to Christmas surprises. Those who seek out their presents, feel the package […]

Read more

Don’t guess your Spanish taxes – we’ll calculate them for you

calculate-taxes-spain

Last updated on March 17th, 2020 at 05:45 pm. I used to love the quiz and games shows of the seventies and eighties. The Generation Game, The Price is Right, Call My Bluff and Blankety Blank were some of my favourites. They were all games you could at least try and join in with, unlike […]

Read more

The Valor Catastral

valor-catastral

Last updated on May 9th, 2020 at 04:28 pm. What attracted you to the property you bought in Spain? Was it the number of rooms or the size of the plot? Was it the proximity to local shops and bars or the fact that you have a large patio that takes the sun in the […]

Read more

The Fiscal Fraud campaign gathers momentum

fiscal-fraud-campaign

Last updated on March 17th, 2020 at 05:47 pm. There are probably not many people who wouldn’t feel a sense of fear at finding the Spanish tax man at their door. Even if you’ve declared every penny that you should you can’t help but feel irrationally guilty. They are the kind of official who you […]

Read more

Spanish tax warnings

Spanish-tax-warnings

Last updated on May 9th, 2020 at 04:31 pm. The Spanish Tax Authority is continuing to target tax evaders and has announced further measures in its fiscal fraud campaign. Over the past few years we have continued to see a number of different strategies being used. Cross-referencing electricity consumption with the Land Registry, the circulation […]

Read more

Embargoes on Spanish bank accounts

Embargoes-on-Spanish-bank-accounts

Last updated on March 17th, 2020 at 05:50 pm. You know that minute when you first realise that your wallet or purse is missing. The shock that runs through you to be replaced by a vague hope that you didn’t bring it with you in the first place. In that second of realisation you’ve already […]

Read more

Catching the tax evaders

tax-evaders

Last updated on March 17th, 2020 at 05:51 pm. Is CCTV surveillance a good or a bad thing? Most people agree that having a watchful eye in our streets and thoroughfares is a good idea. But how far should it go and when does neighbourhood watch become Big Brother? We have become almost blasé to […]

Read more

Postal dilemmas for non-resident Spanish property owners

Tax notifications non-residents Spain

Last updated on March 17th, 2020 at 05:53 pm. It’s around 12.00 o’clock on a weekday. The sound of a scooter punctures the peace and quiet that usually characterises our little calle. It happens every day around this time and is followed by the appearance of our young post woman on her bright yellow scooter. […]

Read more

Time to update your 720 form in Spain

update-your-720-form-in-Spain

Last updated on March 17th, 2020 at 05:54 pm. 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 […]

Read more

Tax requirement changes for non-resident companies in Spain

tax-requirement-changes-for-non-resident-companies-in-Spain

Last updated on March 17th, 2020 at 05:56 pm. This year there have been some changes for those who have a non-resident company in Spain. The changes took effect from 1st January 2013 and mean that for the tax year 2013 there is no longer a requirement to present the Spanish tax declaration form 213 […]

Read more

Your responsibility – paying non-resident taxes in Spain

paying-non-resident-taxes-in-Spain

Last updated on March 17th, 2020 at 05:58 pm. If you own a property in Spain you should be ready for the unexpected. Not everything will run logically or operate in the way that you are used to. If your connection with Spain is more than a few years old, you will know exactly what […]

Read more

All you need to know about non-resident taxes in Spain

All-you-need-to-know-about-non-resident-taxes-in-Spain

Last updated on March 17th, 2020 at 06:00 pm. As the deadline for the non-resident tax declarations (December 31st) approaches, many non-residents with property in Spain have been coming to us with their questions. Here, we summarise the answers. Am I a resident or a non-resident? If you live in Spain for more than 183 […]

Read more

Are you a resident or non-resident in Spain?

resident-or-non-resident-spain

Last updated on March 19th, 2020 at 09:56 am. Do you ever get thrown by this question? Having lived in Spain for a few years now I find it increasingly difficult to decide how to respond. Of course, the context is all important. If I am in a bar talking to someone new then I […]

Read more

It’s never too early to talk taxes

talk-about-taxes

Last updated on March 19th, 2020 at 09:57 am. It’s October and already in some countries, there is the tentative onset of Christmas preparations.  The early heralding of the Christmas season is something that some of our native countries are renowned for. In Spain, however, the coming of Christmas is a much more low-key affair. […]

Read more

A new Spanish tax: tax on air-conditioners

tax-on-air-conditioners-spain

Last updated on March 19th, 2020 at 09:59 am. In the middle of an economic crisis it seems as though European governments are thinking up even more weird and wonderful ways of clawing back money. Of course, taxation is one of the main ways that they can attempt to make the books balance. But who […]

Read more

How countries spread the tax burden

tax-burden-spain

Last updated on March 19th, 2020 at 10:01 am. Where should the majority of tax be collected from? Countries have, by and large, come to the same kinds of conclusions. We expect to make some contribution to the state purse from our earnings and income. We are also used to having VAT on services and […]

Read more

The resident tax declaration

resident-tax-declaration-spain

Last updated on March 19th, 2020 at 10:02 am. 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 […]

Read more

Disclosing property rentals in Spain

property-rentals-in-spain

Last updated on March 19th, 2020 at 10:03 am. In 2012 the Spanish tax authority uncovered 4,700 undeclared rentals as a result of information received from the electricity companies. This is probably the tip of the iceberg. Many non-resident property owners who rent out their property in Spain still seem to be unaware of the […]

Read more

IVA in Spain: All you need to know about Spanish VAT

IVA in Spain or Spanish VAT

Last updated on April 28th, 2020 at 10:59 am. The Spanish Government has to increase the amount of tax it collects alongside saving money through austerity measures. One of the main ways that countries have been doing this across Europe is through increasing the rate of VAT (IVA in Spain). Spain followed suit in September […]

Read more

Bogus Spanish Tax Authority Websites

Bogus-Spanish-Tax-Authority-Websites

Last updated on March 19th, 2020 at 10:05 am. It’s no longer just a case of making sure you don’t lose your credit card or have it stolen. You have to watch out for internet fraud too if you’re going to protect your bank account. Occasionally, someone will contact us concerned about an email they […]

Read more

Spain signs up for the Tobin tax

tobin-tax-spain

Last updated on March 19th, 2020 at 10:07 am. Spain is one of 11 countries who have added their signature to the request to implement the Tobin Tax or Financial Transition Tax (FTT). This is a tax that would be levied on bank transactions and is seen as one way of funding economic recovery. Although […]

Read more