HAVE YOU HAD PROBLEMS WITH YOUR RESIDENCY OR TIE APPLICATION? IF IT WAS REJECTED, YOU HAVE TO KNOW According the DIRECTIVE 2004/38/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 29 April 2004: “The fundamental and personal right of residence in another Member State is conferred directly on Union citizens by the Treaty and is not dependent upon their having fulfilled administrative procedures”. Additionally, the BREXIT AGREEMENT (Agreement on the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community, 2019/C 384 I/01), establish that the exercise of the right of residence means that an EU citizen or a UK national lawfully resides in the host State in accordance with Union free movement law before the end of the transition period. This means that all EU rights will be kept for British citizens until 31 December 2020 as if UK was EU member state. All possible situations where the right of residence stems from Union free movement rules are covered. It is sufficient that the right of residence was exercised in accordance with the conditions Union law attaches to the right of residence. In SALVADOR TAX AND LEGAL we are giving advice in the application of residency document in accordance to the BREXIT Agreement and also in the case of rejected applications. It is recommended to check if resolutions are done under the law (EU and Spanish law). If you have any doubt or you are in the case of a rejected residency application, you could contact us and our solicitors could give you advice about you case.
We at Salvador Tax & Legal would like to inform you of the possibility of access to the public health system for foreign residents in Spain, who do not qualify under any other means.
It is necessary for those people to make a Special Agreement with the Andalucia Health Service, upon payment of a monthly fee and providing certain criteria, detailed below, is met, you will have access to the public health system.
The law 16/2003, dated 28th May, on the cohesion and quality of the National Health System, Article 3.5 establishes the possibility that residents who do not qualify as members of the Health System can have access to it by means of a subscription or payment. Continue reading “How to get Access to “convenio especial” scheme”
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.
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.
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: email@example.com