The introduction of law 26/2014 of the 27 of November changed dramatically the way Capital-Gain Tax from the sale of an unmovable asset (a property) is calculated. This law entered in application from the 1st January 2015 end will set a roadmap for the next few years.
On the 20th June 2014 the government published a draft for a package of fiscal reforms intended to decrease the level of fiscal pressure on the Spanish economy. The general level of income tax will be lowered, both for companies and individuals, however as many tax allowances are to be abolished, there will be situations where this new law will effectively increase fiscal pressure.
Caritas and the Spanish Food Bank Federation (in Spanish Federación Española de Bancos de Alimentos FESBAL) are two NGOs operating in Spain that received several awards and accolades in 2013 and both received the prestigious Human Right Award from the Spanish lawyers council.
Restriction on the use of cash Any cash payment, in which one of the parties is acting as a company or as a business, will be limited to 2,500€ (or its equivalent in foreign currency). This amount will increase to 15,000€ if the payer is a non-fiscal resident in Spain and is acting as a private individual.
Every year owners of real estate assets that are non-residents in Spain are obliged to pay non-resident tax to the Agencia tributaria, the Spanish tax office. This fiscal obligation is not to be confused with the IBI (impuesto sobre bienes inmuebles, more on this later).
The new Spanish government voted in December 2011 a new set of measures in order to curb the overwhelming Spanish public deficit inherited from the previous administration. This was put into law with the “Real Decreto-ley 20/2011, de 30 de diciembre, de medidas urgentes en materia presupuestaria, tributaria y financiera para la corrección del déficit publico” (royal decree 20/2011 of the 30 December, of urgent budget, tax and financial measures for the correction of the public debt)
Please refer to the article transfer tax in Spain 2014 for up to date information On 1st January 2012 the Junta de Andalucía introduced several changes on how taxes under the jurisdiction of the autonomous region will be calculated. More specifically transfer tax and stamp duty (in Spanish “Impuesto sobre Transmisiones Patrimoniales y Actos Jurídicos Documentados”) have been overall increased.
Last September the Spanish government passed a new decree related to a temporary patrimonial tax for the fiscal year 2011/2012. Law 13/2011 of the 16th September was justified by the economical crisis and the need for the government to compensate the increasing deficit. According to the law this tax will be temporary and will apply to the fiscal year 2011/2012 and will have to be paid in the tax declaration of 2012/2013.