Our accountancy firm in Marbella has the pleasure to lay out for you the requirements of an invoice in Spain. Self-employed workers and companies can deduct certain amounts from their taxes to the Treasury, regarding the payment of VAT or the Income Tax and Corporate Tax. However, for these deductions to be accepted, the correct…
Spain’s non-resident income tax (IRNR) is a direct tax levied on income obtained in Spanish territory by individuals and entities that are not residents of Spain. If you are not a resident of Spain and you own an property in the country, you will be subject to the IRNR and real estate tax. When one…
Spain’s wealth tax is regulated by law 19/1991. In 2008, law 4/2008 established a 100% tax credit against wealth tax liability beginning on 1 January of that year. However, as a consequence of the economic crisis in Spain, the wealth tax was temporarily reinstated between 2011 and 2017. Thus, declarations of wealth tax liability must…
Conveyancing lawyers in Marbella at our firm, Welex, have the pleasure to inform you about the capital gains tax in Spain at the time of the sale of your property. When you sell a property in Spain, you must take into account that the profit you obtain is subject to tax. This is the Spanish…
Modifications in the Spanish Personal Income Tax in for 2018 Are you a tax resident in Spain? Then, you should take into account the following changes that were made by the Royal Decree 1074/2017, of December 29th, which modified the Regulations of the Personal Income Tax in Spain. We refer to the so known “Impuesto…
Our law firm in Marbella is pleased to provide you with more information regarding the cadastral value of your property in Spain, which is closely related to the real estate tax. Cadastral values in Spain The cadastral values are administrative values that have been determined for each property located in the Spanish Territory….
Welex, your law firm and team of economists in Marbella, is pleased to confirm what was already mentioned in our previous article “Blow to the inheritance and donation tax in Andalusia.” Law 5/2017, of December 5th, approves the general budgets for the Autonomous Community of Andalusia for the 2018 fiscal year. It is worth highlighting…
Many times, we hear that it is convenient to have our property in good standing through a holding company—especially when the property has a high value—but is it true? A leading law firm in Marbella is pleased to provide you some additional information on this subject. Let us begin by defining what we consider a…
In today’s post, we are going to explain what Spanish tax form 210, the Non-Resident Income Tax, is, and how it directly affects all those taxpayers who do not reside, fiscally or physically speaking, in Spanish territory. What is Spanish tax form 210 and who is obliged to present it? It is important to understand…
As the leading law firm in Marbella, it is our pleasure to inform you about Spain’s model form D6, relating to foreign investments. In this article, we explain everything you need to know about the D6 model, the rules governing who has to present it, under what conditions it is mandatory, the associated key terms,…
