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One of the biggest fears for any taxpayer is to be subject to a tax inspection. Not knowing how to act, the insecurity and the fear can all play a major factor on whether you reach a positive or negative outcome during the inspection process. E.B.F. Consulting are experts in tax, accounting and legal advice. […]
There are many types of business structures in Spain – choosing the right one for you. The most frequently found legal structures are: Sole Trader/Sole Proprietor (Empresario Individual or Autónomo) Partnership (Sociedad Civil) Limited Liability Company (Sociedad Limitada/SL or Sociedad de Responsabilidad Limitada/SRL Public Limited Company (Sociedad Anonima /SA) New Enterprise Limited Company (Sociedad Limitada […]
EU Non Residents are taxed 19% on profit and Non Residents outside the EU (except Norway and Iceland) are taxed 24% on income (no expenses can be deducted). The property management agency (if registered in Spain) is responsible for the payment of their clients income tax so will therefore retain 19% or 24% of the […]
If you are living and/or working in Spain, you will be liable to pay Spanish taxes on your worldwide income and assets and will need to file a Spanish tax return.
Spain is divided into 12 autonomous regions, and taxes are split between state and regional governments, with each autonomous region deciding on its own tax rates and liabilities. The tax year runs from 1 January to 31 December.
There are many ways to structure your business venture in Spain. EBF Consulting would study your situation in detail to advise on the most tax efficient option for you. The most frequently found legal structures are: Sole Trader/Sole Proprietor (Empresario Individual or Autónomo) Partnership (Sociedad Civil) Limited Liability Company (Sociedad Limitada/SL or Sociedad de Responsabilidad […]
You will have an obligation to complete this form if you are a tax resident of Spain and the accumulated value of any of the following assets that are located abroad exceed 50.000 euros. Property Owned Abroad If you have inherited, purchased or acquired a property via any other means with an acquisition value superior […]
Foreigners who are living and working in Spain must typically register and pay into the Spanish Social Security in exchange for certain Government benefits, including free medical healthcare. If you are working for an employer in Spain you must be registered with the Spanish Social Security Service, and pay contributions into the Spanish system […]
Spanish capital gains tax is complex. It is paid by tax residents of Spain on their worldwide assets and by non-residents on property that they own in Spain.
Capital Gains Tax Rates on sale or transfer of assets (except property).