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Even if you do not reside in Spanish territory, there are taxes in Spain that must be paid under certain circumstances. Among the taxes on non-residents found in the Spanish tax system is the Wealth Tax. What is Wealth Tax Wealth tax is levied on the net wealth of individuals. Net assets means all assets and rights that have economic substance, less any charges and...Read more

Among the deductible expenses for self-employed are vehicle expenses, including the possibility of deducting gasoline. However, in order to deduct the purchase of a car or fuel, it is necessary to meet certain requirements. Buying a new car Individuals who have purchased a new car may deduct the VAT from said purchase if they use the car for the development of a professional activity ....Read more

From the State an agreement has been reached during the negotiation of the approval of the General State Budgets (PGE), including in them a measure that can benefit almost half a million pensioners . The measure consists of the extension of the aid that was launched in the summer, and which involved an extraordinary increase of 15% in pensions , which aims to alleviate the...Read more

A very profitable activity for some years due to the growth in demand is tourist rental. Taxes are applied to this activity, there are taxes for residents and taxes for non-residents. What is considered a tourist rental The tourist or vacation rental is one in which the owner gives up his home for other people to use for vacation purposes for a maximum period of...Read more

Inheritance tax is a tax directly related to inheritance and donations and is payable by both residents and non-residents of Spain. When is it compulsory to file Inheritance Tax for non-residents? When a non-resident individual receives an inheritance or donation in Spain, he/she is obliged to self-assess the Inheritance and Gift Tax at the Tax Agency. It is also applicable to individuals residing in Spain...Read more

A package of measures aimed at offsetting the impact of the rise in Euribor on mortgage holders has recently been approved. The agreement has been reached by the employers’ associations, the Bank of Spain and the Ministry of Economy, affecting one million people with mortgages. The vice-president Nadia Calviño explained that the banks will have one month to decide whether to join the agreement, as...Read more