I Received My Residence Permit in Spain: Will I Need to Start Paying Taxes?
If you have recently received your residence permit in Spain, it is crucial to understand that a residence permit and tax residency are distinct concepts. While the residence permit allows you to legally live in Spain, it does not automatically determine your tax status. Understanding these aspects is essential to ensure that you comply with
Leer másBeckham Law: Frequently Asked Questions
The Beckham Law, designed to attract expatriate professionals and investors to Spain, underwent significant updates in 2023. In addition to reducing the residency requirement from 10 to 5 years, shareholders and directors of Spanish companies can now benefit from this special tax regime, even if they hold a majority stake or are the sole shareholders,
Leer másI Own Property Abroad and I’m a Spanish Tax Resident: Do I Have to Pay in Spain Tax on That Property?
If you are a tax resident in Spain and own property abroad, you may wonder about your tax obligations regarding that asset. Spanish tax legislation has specific rules for the taxation of foreign properties, and understanding these rules is crucial to avoid issues with the tax authorities. Here’s an overview of the key considerations. Tax
Leer másEverything You Need to Know About Taxes in Valencia: Are There Differences with Madrid?
When it comes to planning a move to Spain, understanding the tax differences between the Autonomous Communities is crucial. In this article, we will focus on taxes in Valencia and compare its tax structure with that of Madrid, two of the country’s most attractive regions. Income Tax for Individuals (IRPF) in Valencia The IRPF is
Leer másTax Residence in Spain: Tax Implications for Foreigners
Obtaining residency permission in Spain does not necessarily imply immediate taxation as a tax resident in Spain. It is crucial to understand that immigration laws and tax laws may have different requirements and criteria. In this article, we will explore the tax implications for foreigners obtaining residency in Spain and those considering doing so. An
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What is Modelo 720?
Modelo 720 is an informative declaration that must be submitted by both individuals and legal entities residing in Spain to the Tax Agency to report on assets and rights located abroad. The term “informative declaration” means that its main purpose is to provide information to the Tax Agency about certain assets and rights that the
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