Obligation to issue invoices in Spain By Welex, your multilingual accountant in Spain. During our vast experience at our accountancy department we have had many queries from our clients about what obligations they have when issuing an invoice in Spain. We would therefore like to clarify some of these queries from Welex. […]
Have you ever received or been asked for a Spanish bill with Reverse charge (Inversión de Sujeto Pasivo, ISP) and not known what to do with it? Have you received or have you ever been asked for a bill with Reverse charge (ISP) and you have not known what to do with it? […]
Welex, your office of economists and Tax Advisors in Marbella is pleased to write a few lines about what is understood as a property company in Spain and those that are considered to carry out an economic activity. We also remind the tax rates and exemptions from corporation tax in Spain. When does a […]
Income Tax in Spain 2019. Income Tax Campaign 2020 Although this office of Tax Consultants in Marbella has already written a lot about this State Tax in Spain we would like to emphasise: Income Tax filing deadlines 1 April 2020 is the start of the deadline for the online submission of Income and Wealth Tax […]
Criticisms of the so-called Tobin tax rate in Spain The tax on financial transactions in Spain aims to tax the purchase and sale of shares in companies in Spain with a capital of more than 1 billion euros. The implementation of this tax on financial transactions in Spain will mean an increase in financial costs […]
Non Residents Wealth Tax in Spain The Wealth Tax in Spain (also called capital, equity or fortune tax) is a Tax that is applied individually, not on annual income or transactions, but on the personal assets of each individual which include among others: bank deposits, real estate and pension plans, and the calculation is based on the […]
Local Property Tax (IBI) rates in Spain The Tax on Real Estate (IBI) is a tax framed in the Local Spanish tax system. It management is shared between the State Administration and the Town Councils and the tribute is collected by each Town Hall for the properties on its municipality. It’s been in forced since […]
Non Resident’s Income Tax in Spain Being a non resident and owning a property in the Spanish territory you will be subject to the Non Resident Income Tax. When the property is owned by more that one person regardless if are married on not, each owner will be treated as an independent taxpayer and […]
Non Residents tax in Spain- Introduction Are you a property owner in Spain? Or, planning to purchase a second home and you are Fiscal Resident in another country, then you must be aware of the yearly Spanish tax liabilities which you will be subject to after the purchase. Read here more about the subject