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There are a series of tax obligations in Spain for anyone who carries out an economic activity. Knowing what the taxes and annual summaries are for companies and self-employed workers in Spain is important if you want to comply with tax obligations. Value Added Tax (VAT) VAT is an indirect tax that taxes consumption and...
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Investing in housing is a common practice due to its high profitability and relative ease of management. However, a recurring doubt arises: is it better to buy as an individual or through a company? The answer depends entirely on your wealth situation and objectives. Can an individual buy a property as an investment? The answer...
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Company finances are important and also somewhat complicated. Having a forecast of expenses and income is essential to draw up the strategy to follow and subsequently check for deviations. What is Income and Revenue Projection? The Revenue Projection and income is a budget projection of a company’s financial resources. On the one hand, the income...
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When setting up a business, you might not initially plan to sell your products or provide your services abroad. However, this situation may arise. Let’s look at how to invoice foreign customers from Spain. Is it Possible to Invoice Foreign Customers from Spain? The answer is clearly yes. Both freelancers (autónomos) and companies can invoice...
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Although we know that taxes are positive for society as a whole, because they create infrastructure and public services, nobody wants to pay more for the income they receive. That’s why there are always ways to try to reduce tax payments in Spain as much as possible. Tax planning To save on taxes, a good...
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Some foreigners consider self-employment as a good option for professional development in Spain. Before doing so, you should consider the requirements and the advantages and disadvantages of being self-employed in Spain. Can foreigners be self-employed in Spain? Yes, it is possible to be self-employed in Spain as a foreigner. In fact, both EU and non-EU...
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Tax season often brings plenty of questions — and many people don’t know where to start. VAT (Value Added Tax) is one of the main taxes paid in Spain. That’s why it’s essential to understand how to file your VAT return correctly to avoid problems with the Spanish Tax Agency (Agencia Tributaria). Who has to...
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The Spanish tax system can be complex, and if you obtain any type of income in Spain without being a tax resident, it’s normal to have doubts about how to comply correctly with your obligations. Understanding what you need to know to file the Non-Resident Income Tax Return (IRNR) is essential, as this is the...
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Taxes in Spain and Europe: A Necessary Comparison Taxes are the foundation that sustains the functioning of modern states. They finance essential public services such as healthcare, education and infrastructure. However, not all countries apply the same tax burden or distribute taxes in the same way. In Europe, tax systems share common principles, although there...
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Among all the taxes and procedures that companies must complete are annual accounts, one of the central obligations of many entities. What are annual accounts? Annual accounts are a set of accounting documents that reflect the financial and equity situation, as well as the results, of companies at the end of each fiscal year. These...
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