Spain Explained

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

Posts filtered by Tax requirements in Spain

Must you make a resident tax declaration in Spain?

Last updated on April 29th, 2022 at 03:38 pm. 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 […]

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The 720 asset declaration form


Last updated on December 30th, 2021 at 01:15 pm. Every resident who has assets outside of Spain that total over 50,000€ within any one group, must complete the asset declaration form in Spain before the deadline or risk incurring a substantial fine. The groups are: bank accounts (group 1) pension plans and investments (group 2) […]

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What you need to complete the 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 There always seems to be something you’ve forgotten; not had copied; that’s out of date or you didn’t realise you needed.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 […]

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Getting ready for the Spanish 720


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 […]

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The second round of the Spanish 720


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 […]

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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 […]

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Find out more about 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 […]

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


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 […]

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The 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 […]

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The Fiscal Fraud campaign gathers momentum


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 […]

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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 […]

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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 […]

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Catching the 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 […]

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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. […]

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Time to 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 […]

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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 […]

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Your responsibility – 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 […]

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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 […]

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Are you a resident or non-resident in 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 […]

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It’s never too early to talk 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. […]

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A new Spanish tax: tax on air-conditioners


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 […]

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How countries spread the tax burden


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 […]

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The resident tax declaration


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 […]

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Disclosing 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 […]

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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 […]

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