On the 20th June 2014 the government published a draft for a package of fiscal reforms intended to decrease the level of fiscal pressure on the Spanish economy. The general level of income tax will be lowered, both for companies and individuals, however as many tax allowances are to be abolished, there will be situations where this new law will effectively increase fiscal pressure.
Tag Archive for tax
Non-resident Tax on Unmovable Property
by Maria Teresa Velasco •
Non Residents in Spain owning a property in Spain are like in most countries subject to taxes. In most cases the taxes related to a property that a non-resident will have to pay are less than what a resident would pay. Here is brief outline of what non-residents are expected to pay.
Income Tax Returns Year 2013
by Maria Teresa Velasco •
MLVelascoThis year the Spanish tax office has started earlier than ever its campaign for collecting income declarations of residents in Spain, referring to the calendar year 2013; nevertheless the deadline for presenting the declaration is still 30 June 2014.
Overseas Asset Declaration – How To
by Maria Teresa Velasco •
Law 7/2012, approved by Spanish parliament on October 29, 2012 introduced new measures for fighting fiscal fraud. One of them is the obligation for fiscal residents in Spain, to declare overseas assets of a value of over 50.000€.
Good Garbage, Bad Garbage
by Vivienne Hughes •
The Salobreña Town Hall have taken a step closer to approving new legislation that will see the new costings to hotels for the removal of their rubbish in 2014 and they are claiming that the amendment to the legislation will benefit 90 percent of the hotels in the town… however, some of the other 10 percent will be paying up to five times what they paid in the current financial year.
Good News for Salobreña Chiringuitos
by Hugh MacArthur •
Seven chiringuitos on Salobreña’s beach have been given the provisional go ahead to renew their lease before the Junta de Andalucia – till now, their continued existence was in question.
Cashpoints in the Cross Hairs
by Martin Myall •
The IU (far left) party at the Almuñécar Town Hall proposed increasing the tax levied on banks for having cashpoint machines on public rights of way. The motion was passed with all parties voting in favour, except the CA, who abstained.
Income Tax in Spain 2012
by Maria Teresa Velasco •
Income tax or in Spanish IRPF (Impuesto sobre la renta de las personas físicas) is a tax for Residents in Spain that is filed every year. Remember in Spain the tax year runs from the 1st of January till 31st December.
This year residents Spain will have to file their tax returns related to the year 2012 between the 24 April and the 1 July 2013, online or between 6 May and 1 July through other means.
Non-residents in Spain who own assets on the Spanish territory will have to file for non- resident tax. In this case the deadline is until the 31 December 2013.
Salobreña Rejects Provincial Council Plan
by Martin Myall •
In the last Plenary meeting of the Salobreña Town Council a proposal made by the Provincial Council concerning rubbish disposal was unanimously rejected.
Three Spanish National Articles From April
by Duncan Inglis •
Three Spanish national articles from the April edition, all written by Duncan Inglis.