This is something that a lot of non-residents and expats should be aware of. You could think that by only saying you are a non-resident is enough, however, the digital era we are now living in is bringing more tools to the Tax Agency to keep a track and check if you are indeed a tax resident in Spain. An… Read more »
Better taxation for Digital Nomads
The Beckham law is not really a law, it is just an article about income tax law in Spain. The name comes from the famous English footballer, David Beckham when he came to play at Real Madrid. The idea of this was not only to bring football stars to Spain but to make their taxes cheaper. What are the requirements? What are the advantages of this? Are there… Read more »
Plus Valia tax while selling your Home in Spain.
Here at Spanish Solutions, we like to give our clients exact figures of what will be left once they sell their Spanish property. Usually, it is straightforward enough, but as the exchange below between a property seller of ours and Rafa shows, sometimes things are not so easy. Rafa is a tax and accounting expert. So what is the plusvalía or… Read more »
Paying Tax in Spain.
Below we offer some very basic points on tax in Spain for residents and non-residents. It is every person’s obligation to pay the correct amount of tax; not one euro less nor one euro more! Tony Robbins. Tax is stressful. Tax in Spain is worse. Anyone who has had any dealings with the Agencia Tributaria (The Spanish tax authority) will… Read more »
A new tax expert joins the team.
We are delighted to welcome Rafa Hernandez to the Spanish solutions family. Rafael Hernández Rafael is from Murcia City. His talent is to help companies, like Spanish Solutions to get better results from an outstanding organisational system. Rafa decided to study for a degree in Business and Administration at the University of Murcia. Later he studied for a master degree in… Read more »
MODEL 720: OBLIGATION TO DECLARE ASSETS LOCATED OUTSIDE SPAIN
The deadline for submission of the Model of 720 31st March each year. All the Assets and rights located abroad and valued above 50,000 euros must be declared. It is a purely informative presentation, but of an essential nature. The penalties for its non-filing or out-of-time submission are high. Under the “anti-fraud” plan launched in 2013. The Spanish government imposed… Read more »
Reform of the Autónomos system for self-employed workers in Spain.
There are 3.2 million self-employed people in Spain, around 16 per cent of the country’s working population, including many foreigners. All the information about the new Reform of the Autónomos System Mechanics. Hairdressers. Freelancers. Estate agents. Builders and trasdesmen… Many more. According to leaked reports this week, the Spanish government is ready to change the controversial way social security contributions… Read more »
Initiatives to help Small Businesses in Spain
Many small businesses in Spain are suffering from a short term cash flow crisis. The government is trying to help and has two new measures released this week. Loans for Small Businesses We spoke previously in a blog post about the 10-year loans at an interest rate of 0% for small to medium sized companies (small businesses and medium businesses)… Read more »
Holiday Home Costs Increase for British post Brexit
Some people have asked us if their holiday home costs may increase post Brexit, if it takes place on the 31st January 2020. Currently, yes they will. Many people do not realise this, so we think it important to inform you. Firstly, non resident taxation:- Non Resident Taxation One tax that is likely to increase if the UK leaves the… Read more »
Spanish Residency (TIE)
From time to time we have clients say to us that on many websites it says after 3 months you must get residency (TIE). On other law office’s websites it says that after 6 months you are legally resident in Spain. Here, we explain all you need to know about Spanish Residency (TIE) For British Citizens. This causes a great deal… Read more »