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EN GRUPO SALVADOR YA ESTAMOS TRABAJANDO EN LA CAMPAÑA DE RENTA 2016

Un año más llega nuestra cita con Hacienda. El pasado 7 de abril comenzó la campaña Renta 2016, que termina el próximo 30 de junio.

Continue reading “EN GRUPO SALVADOR YA ESTAMOS TRABAJANDO EN LA CAMPAÑA DE RENTA 2016”

Next March, 31st is the deadline to submit the Form 720

We are approaching March 31st and the information return must be submitted by residents in Spain. 31st is the deadline to submit the Form 720

Who has the obligation to submit esta tax form?

Taxpayers required to inform of their assets and rights held abroad, in accordance with this regulation are:

  • Individuals and legal entities resident in Spain.
  • Individuals or legal entities not resident in Spain, with a permanent establishment in Spanish territory If they belong reviews one of the following groups: owner, representative, agent, beneficiary, individually or entity With actual powers of disposal or beneficial owner.

What Must Be Declared? 

With regards to the information that has to be Disclosed to the Spanish Tax Authority, This obligation includes specific information on assets and rights situated abroad including:

  • Bank accounts located abroad.
  • Stocks, rights, income and insurance policies deposited, managed or Gained abroad.
  • Real estate and rights on real-estate located abroad.

This obligation implies that the taxpayer will have to declare bank accounts abroad, even if he / she does not own stocks or real estate abroad.

However, there will be no obligation to submit esta tax form for bank accounts located abroad if neither end the balance (on December, 31st), nor the average balance Reaches to the total of € 50,000. 

Frequency in the presentation of the tax return

Once Form 720 has been filed with regard to one or more of the disclosure obligations in it (referred to in question no. 1), this Form should only be filed again when, in relation to one or more of these obligations, there is an increase of the overall limit established for each information block above 20,000 euros compared with what the last declaration determined.

More Information here. Don't wait to the last minute and avoid penalties.

 You can contact us in case of doubts.

Puesto vacante para Departamento Laboral

Estamos buscamos a alguien con tu perfil para el puesto vacante de nuestro Departamento Laboral. Envíanos tu C.V a través de nuestro formulario o email abajo.

Puesto vacante para Departamento Laboral
Puesto vacante para Departamento Laboral

Buscamos profesional para el puesto vacante de responsable del Departamento Laboral. Se encargará de prestar asesoramiento a nuestros clientes y formará parte de un equipo de 3 personas. Buscamos a alguien con:

  • Experiencia probada de más de 5 años en asesoría laboral,
  • con habilidades directivas,
  • Ingles nivel alto.

Interesados enviarnos tu CV a través de nuestro formulario o a través del email: info@gestoriasalvador.com

The most common income types obtained in Spain by Nonresidents

 

The most common income types obtained in Spain by Nonresidents Tax payers is the income obtained from urban Real Estate Assets

According to Spanish law, natural persons that are non-residents who own urban buildings in Spanish territory, used for their own use rather than for economic activity, or vacant, are subject to non-resident income tax for the income obtained from these buildings. The taxable base corresponding to the income obtained from urban property assets in Spanish territory will be determined according to Personal Income Tax regulations. For these purposes, income must be calculated as 1.1% of the rateable value of the building (2% if the rateable value has not been revised or changed since 1 January 1994). The Taxable base will be calculated without deducting expenses of any kind. The tax rate is 24% (24.75% from 1 January 2012 until 1 December 2014, inclusive).

Nonresidents services

 

Initial Report

•Study of your fiscal situation, in relation to your activity and/or assets in Spain

•We calculate your taxes for this year

Main Services

•Professional advice regarding your fiscal obligations

•Filing of income tax returns

Key advantages

•You have a 100% online access to our services

•You will be seen to by experts

Wherever you are

•You can book an online meeting straight away

The way in which natural or legal persons must pay income tax in Spain is determined by whether they are resident or not of the country. Residents pay through Personal Income Tax (IRPF) or Corporation Tax (IS); however, non-residents, both natural and legal persons, pay tax through Non-resident Income Tax (IRNR).

Who is a resident?

Natural persons (private individuals) are considered to have their usual place of residence in Spain when any of the following circumstances apply:

•They remain in Spain for more than 183 days of the calendar year.

•The centre of their family/ economic activities is located, directly or indirectly, in Spain.

Non-resident natural and legal persons will be considered non-resident income taxpayers insofar as they obtain income in Spanish territory

The most common income types obtained in  Spain by Nonresident Tax payers is the income obtained from “Urban Real Estate Assets”

According to Spanish law, natural persons that are non-residents who own urban buildings in Spanish territory, used for their own use rather than for economic activity, or vacant, are subject to non-resident income tax for the income obtained from these buildings.

The taxable base corresponding to the income obtained from urban property assets in Spanish territory will be determined according to Personal Income Tax regulations. For these purposes, income must be calculated as 1.1% of the rateable value of the building (2% if the rateable value has not been revised or changed since 1 January 1994).

The Taxable base will be calculated without deducting expenses of any kind. The tax rate is 24% (24.75% from 1 January 2012 until 1 December 2014, inclusive).

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Check yourself. Have you received this Agencia Tributaria letter?

 

“If you have received this letter it means that you have probably not complied with your tax obligation to file the relevant tax return for Non-Resident Income Tax.”

Continue reading “Check yourself. Have you received this Agencia Tributaria letter?”