Covid-19 Aid for Self employed
Governments around the world have issued fiscal and economic decisions to alleviate the effects of the cessation of activity resulting from the Covid19 crisis. In Spain, measures have also been taken, including extraordinary performance for cessation of activity....Donation of Assets in Andalusia
A donation is a free transmission of ownership of assets or rights.It differs from an inheritance as the donation is an acquisition inter vivos, i.e. made between living persons. The donations can be simple (where the only requirement is the acceptance), or onerous...New reductions on Inheritance and Donations Tax
On the 09/04/2019 the Junta de Andalucía approved the reduction of tax on inheritances of amounts over one million Euros to 1 %. The previous regulation from 1st January 2018, approved to increase the minimum exempt of inheritance tax from 250,000 € to 1,000,000 €....New reductions on Inheritance and Donations Tax
On the 09/04/2019 the Junta de Andalucía approved the reduction of tax on inheritances over the amounts of one million Euros to 1 %. The previous regulation from 1st January 2018, approved to increase the minimum exempt of succession tax from 250,000 € to 1,000,000 €....Non-resident tax and rental income tax in Spain
If you are not a resident in Spain (non-resident) and own urban property, you are subject to Personal Income Tax, Property Tax and local Real Estate Tax. Fiscal representative As a non-resident, you need to appoint a fiscal representative in Spain. Your fiscal...Tax Considerations 2018
Tax on Personal Income or “Impuesto sobre la Renta de las Personas Físicas (IRPF)” is a personal, progressive and direct tax on income during a calendar year for individuals residing in Spain, taking into consideration their personal family circumstances. The...Bitcoin and cryptocurrencies regulations in Spain (part 2)
It took a few years for fiscal authorities all over the world to realise the existence of cryptocurrencies which led to individual EU governments adopting different national legislation to regulate the trading, exchange and mining of cryptocurrencies. This resulted in...Municipal plusvalia claims
On the 16th February 2017, The Spanish Constitutional Court (TC) declared unconstitutional, null and void, several articles of the statutory rule in the Province of Guipúzcoa, regarding the Tax on the Increase of the Value of Urban Land (known as ‘municipal...Changes in the regulations Inheritance tax in Andalusia 2016-2017
The amount of inheritance tax paid in Andalucía differs from other autonomous regions, such as Madrid, Catalonia, Valencia or the Balearics. The Decree-Law 4/2016, of July 26th, on urgent measures relating to the Inheritance and Donation Tax in Andalusia brings...Catastro, cadastral value and the implication of the revision 2016
The cadastre office is an administrative register belonging to the tax office department (Ministerio de Economia y Hacienda) which is used as an inventory of real estate in Spain and contains information regarding the tax value of the properties inscribed.It also...Capital-Gain Tax for Non-Residents in 2015 & 2016
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.
The Spanish fiscal reform 2014
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
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.
New laws against fiscal fraud 2012
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.
Taxation on urban property owned by non-residents
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).
Tax changes in 2012
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)
Changes in transfer tax and Stamp duty for 2012 in Andalucía
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.
The return of patrimonial tax
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.
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