Forgotten the time in which the term to constitute a company was eternal, which could take several weeks, thanks to the computerization of great part of the process at the present time it is possible to constitute companies in few
Taxes in Spain
Here an important fact about Taxes Spain: Before June 2021, tax residents in Spain should submit the Income Tax declaration. These are some of the points to take into account, specially if this is your first year as
One of the main questions (or worries) for foreign companies or people who want to set up or invest in Spain is how to get the Tax identification Number in Spain.
Let´s see the five main cases:
NIE (Tax Identification Number
About Real Estate Taxes in Spain
We have to talk about real estate taxes in Spain. The taxation of the incomes of real estate properties in Spain for UK tax residents has suffered very important changes in 2021, as the UK
After Brexit, that has real effects since January 1st, 2021 in relation to non-resident income tax in Spain, this will be the first quarter in which tax residents in the United Kingdom will have to declare income with the new
March is the month to submit the form 720 to the Tax office (“Hacienda”). Remember that you have to prepare this important form mainly if you have abroad more than 50.000 euros in any of these three types of assets:
1st. Clear name search certificate
The notary may apply by telematic means for a clear name search certificate (which may contain up to five alternative corporate names) from the Central Commercial Register, which shall issue the certificate within one (1) business
A tax identification number, a “NIE” is required for individual persons or companies for most of the procedures regarding taxes in Spain.
This guide will help you to obtain it. The steps will be different for individual persons or companies (in
The Government has published the fiscal news for 2021. These are the main changes for this year.
* Limit of 2,000 euros of personal contributions to Pension Plans (before the maximum amount was 8,000 euros), Although, this limit will be
In case you have, as a natural person non-resident for taxes in Spain, a real estate in this country and you are obtaining rental incomes you´ll have to declare it in the Income Tax for non residents (“Impuesto sobre la
A company that invoices more than one million euros in a fiscal year has to pay the “Impuesto sobre Actividades Económicas”, IAE.
When should a company pay this tax?
In case the company invoices more than one million euros. Anyway the companies
A company or a person, a self-employee (“autónomo”), who issues or receives invoices of other countries of the European Union should apply its Register of intra-Community operators (ROI).
Why should I request the ROI?
For two reasons:
In case you issue invoices to
In Spain there are several regimes in order to pay to the Social Security, but there are two main cases: “régimen general” and “autónomos”. The first one is for employees who aren´t shareholders or directors of the company with no
The form 720 is one of the most important obligations for tax residents in Spain. However it is quite unknown specially for foreigners who are tax residents in Spain for the first time. Maybe this is because most people has
The SII (Suministro inmediato de información)
The SII (Suministro inmediato de información) is the system of information that the Spanish Tax office has for some companies in relation with the VAT
Who has to submit the information to the SII?
Big companies, that
TAXES IN SPAIN - FINANCIAL ADVISORS IN SPAIN
The VAT, “IVA” in Spanish, is the indirect tax with similar structure as in other European countries. These are the main features of this tax (updated 2021).
Which are the tax rates?
There are three
The incomes received in Spain by persons are taxed with the Income Tax (“Impuesto sobre la Renta” or “IRPF”). These are some of the main features of this tax in Spain:
The incomes are splitted between “renta general” and “renta del
The companies established in Spain are taxed for the profits obtained with the Corporate Tax (“Impuesto sobre sociedades”), as in most of the countries, but with some differences. These are some of the main points to know about this tax
Main taxes in spain
Spanish tax system is similar to the existing in other countries of the European Union. There are three main taxes in spain:
VAT, Value Added Tax (IVA, Impuesto sobre el Valor Añadido), with three tax rates: general rate
The sale of real-estate in Spain from Non-Spanish Residents is taxed by the “Non-Resident Income Tax” (IRNR) rate. This requires a series of obligations for both the buyer and seller of the property.
The Buyer must submit Form 211 (modelo 211)
What is Form 210?
Form 210 is the compulsory declaration for people who are not registered as tax residents in Spain, but still receive income there.
What is the Process for Submitting Form 210
If you are not a permanent Spanish resident living
Form 210 in Spain is the mandatory declaration for taxpayers who are not registered as tax residents in Spain, but who still receive income in Spain. This income can be received through different channels, such as: