BREXIT EFFECTS: NON RESIDENT’S TAX IN SPAIN
If you have the condition of non-resident in Spain and are the owner of a property located in this country, you will be subject to Non-Resident’s Income Tax.
From 1st January 2021 tax rate will be increased from 19% to 24% for British taxpayers as a consequence of the withdrawal agreement. Fu...
EXTENDED THE PERIOD TO EXCHANGE THE DRIVING LICENCE
THE SPANISH TRAFFIC OFFICE HAS EXTENDED THE PERIOD TO EXCHANGE THE DRIVING LICENCE FOR THOSE BRITISH LEGALLY RESIDENTS IN SPAIN. THIS IS A CONSECUENCE OF THE WITHDRAWAL AGREEMENT SIGNED BETWEEN THE EUROPEAN UNION AND UNITED KINGDOM. IF YOU HAVE ANY DOUBT OR NEED ANY HELP, PLEASE CONTACT US
FALSE RUMOUR ON SOCIAL SECURITY
"The TGSS informs: you can now access the annual "Vida Laboral" Communication at the Electronic Social Security”.
In recent days this message has been received by thousands of citizens who do not know if it is a hoax or a phishing or scam. Much has been written about this SMS, saying that if ...
EFFECTS OF BREXIT ON THE CUSTOMS AREA AND SPECIAL TAXES
As the BREXIT is approaching and there is a strong possibility of a BREXIT without an agreement, the Tax Agency is sending letters to all the companies that operate with the United Kingdom. In these letters, all companies operating with the United Kingdom are warned of the possibility of carrying ou...
DISCRIMINATION BETWEEN EUROPEAN AND NON EUROPEAN RESIDENTS IN THE INHERITANCE AND GIFT TAX
As you may know the Inheritance tax to pay in Spain was different depending of the place of residence. Until now, citizens from outside the European Union paid higher rates than Europeans. But this situation is abode to change.
The Spanish Supreme Court has ended with the discrimination betwee...
Have you received one of this? Is the Tax Office asking you to pay Non Resident Tax? Then please, pay attention
According to the Spanish tax law, non-resident owners of property in Spain have to pay a tax on the Spanish properties even if they earn no income from those such as rental income.
Many non-residents property owners think they have already paid this tax because they have paid local property taxes: ...
Cómo pagar menos en IRPF: exenciones, gastos deducibles y deducciones
En plena campaña de declaración del Impuesto sobre la Renta de las Personas Físicas (IRPF) del año 2018 es importante repasar las novedades y prestar especial atención a las circunstancias personales y datos económicos con el objetivo de reducir al má...
The European Commission asks to Spain to eliminate the discrimination in the tax law on the long-term rental income between residents and not residents in Spain
The European Commission has given two months to Spain to modify his tax law and eliminate existing discriminatory treatment regarding the taxation of long-term rental income between residents and non-residents in Spanish territory.
Rental income providing from a rental property which is the habitua...
WHAT COMPANIES SHOULD BE ABOUT BREXIT
The Brexit will affect the Spanish economy too. British people bring around 256.000 millons of euros yearly to the Alicante province. These make us the province more affected by Brexit. 150 millons of euros has been lost during last year and the prevision in case of a hard Brexit is that we wi...
UK DRIVING LICENCES AFTER BREXIT
The National Department of Traffic (DGT) has published instructions as to the exchange of driving licences related to UK citizens.
If the UK leaves the EU with an agreement on the voluntary withdrawal of a Member State of the Union, all the provisions relating the recognition of driving licences wi...