Tax Services
Tax Return
(Mod. 100)
When do I have to file my income tax return?
From April 8th to June 30th.
Am I required to file a tax return?
Generally, you are required to file if you have earned more than €22,000 gross per year from a single employer, or more than €15,876 gross per year from two or more employers, provided that the income from the second and subsequent employers exceeds €2,500 per year.
There are also other types of income that may require you to file a return. Some of them include:
- Imputed real estate income exceeding €1,000: rentals, property sales, etc.
- Investment income exceeding €1,600: shares, interest, dividends, etc.
- Self-employed individuals and freelancers.
It is always advisable to consult a professional to determine whether you are required to file, in order to avoid potential claims from the Spanish Tax Agency.
Non Resident Tax
(Mod. 210)
When do I have to file my non-resident income tax return?
The general deadline is from January 1st to December 31st of the following year. However, if you rent out your property and generate income from it, the deadline is from January 1st to January 20th of the following year.
Am I required to file a tax return?
Yes, if you are not a tax resident in Spain and you own one or more properties, you must file a non-resident income tax return.
What happens if I sell my property as a non-resident?
First, the buyer will withhold 3% of the property’s sale value in the deed of sale, which will be paid directly to the Spanish Tax Agency.
Second, you must file a tax return declaring the capital gain obtained from the sale. The result may be a refund of the amount withheld by the buyer (in full or in part), or you may have to pay an additional amount.
Fiscal Certificates
Any person is considered a tax resident in Spain if they live here for more than 183 days per year. To do so, they must have filed a tax return as a resident or prove that they actually live in Spain for more than that number of days per year.
We handle the process of obtaining a tax residence certificate, which is very useful to avoid international double taxation, meaning paying income tax both in Spain and in your country of origin.
DT Forms
What happens to the taxes in my country of origin when I become a tax resident in Spain?
Ideally, you should inform your country of origin that you are a tax resident in Spain. To do this, we use different forms approved under the tax treaties established between Spain and other countries.
Once you obtain tax residency in Spain, you will need to complete one of these forms and send it to the Tax Agency in your country of origin, along with the required supporting documentation.
Currency exchange and international payment services
We work with different financial companies that can help you transfer money from Spain to your country of origin or vice versa in the safest and most efficient way for your interests, as well as with currency exchange and other financial services.
One of them is Lumon. If you would like more information, click on the following link.
Asset Declaration
(Mod. 720)
When do I have to declare assets held outside Spain?
From January 1st to March 31st of the year following the one in which you become a tax resident in Spain.
Am I required to file it?
Yes, the first time you must file it if the total value of assets located abroad exceeds €50,000 in any of the following three categories:
- Bank accounts
- Shares or participation in any type of entity
- Real estate assets
Once you have submitted the first declaration, you will need to file it again in any year where there has been an increase of more than €20,000 in any of these categories.
Book your appointment
Parque del Pisuerga 55, 03177, San Fulgencio.
(0034) 966 727 681 (0034) 633 205 978
info@expats-solution.com
