The Spanish government has passed on the 9th of July 2021 the Act 11/2021 with new prevention measures and actions against tax fraud in Spain. Here are some of the changes approved: VALUE OF PROPERTY FOR DIFFERENT TAXES. The Government has introduced the Cadastre reference value which will be the minimum value to be declared [...]
NEW TAX RATES FOR PERIOD 28.4.2021-31.12.2021 The Andalusia regional Government has passed a new regulation on the 27th of April 2021 (Decreto-ley 7/ 2021) which reduces the rates applicable for transfer tax of Real Estate properties and rights and the stamp duty tax. Transfer tax must be paid upon the purchase of resale properties or [...]
Regional inheritance tax finally reduced after public pressure The new rules mean that children and spouses who inherit up to one million euros in Andalucía won’t pay regional inheritance tax to the taxman Regional PSOE and Ciudadanos politicians celebrate the lower-tax deal. The Junta de Andalucía has finally agreed to change the rules over local inheritance [...]
What is the Tax?The Plusvalia Tax is presented to you by the local Council when you sell your property.They assume your land has increased in value since you bought it and levies the increase in value of the plot on where the property is built when it is transferred by way of purchase and sale, [...]
The annual local rate and refuse collection charges receipts of your Spanish property located in the Malaga area are due now. This is applicable for those locations were these receipts are paid through the Patronato de Recaudación Provincial, as Nerja, Marbella, Benahavis, Estepona, Manilva, etc. Payment has to be made before 12th of September 2016. [...]
In line with the changes introduced at the beginning of the year 2015 lowering the tax rates for Spanish Non Residents from the 12th of July 2015 some of these have changed again. The general tax rate remains unchanged as established at the beginning of the year. This rate is applicable for the income received [...]
The Spanish Government passed in November 2014 various regulations which include important amendments to Spanish Corporate Tax, Personal Income Tax. Also minor changes with respect to VAT and taxation of nonresidents. In this latter case the amendments aim to adapt the legislation to the EU law and also to the changes introduced in the personal [...]
The Spanish government has passed new legislation to prevent tax fraud whereby amongst other provisions any person, residing in Spain, who owns assets and rights located abroad on the 31st of December 2012 (bank accounts, values, real estate, insurance, etcetera) must present an informative tax declaration and give detailed information about these assets to the [...]
The Spanish government has passed a Regulation mainly aimed at clearing the accumulation of real estate properties repossessed by banks which declares exempt from CGT 50% of the gains from the future sale of Real Estate Property which may be acquired from the 12.05 till the 31.12.2012. This decision will certainly push those potential purchasers [...]
What are the taxes affected? Income Tax for both residents and non residents in Spain and the Corporate Tax for the exercises 2007-2010. No mention is made to VAT, Wealth Tax which was reinstated by the government for the 2011 Fiscal year or to the Gift and Death Duty Tax. The wealth tax was suspended [...]