British Expats In Spain David interviews Alejandro who is from Salvador tax and legal here in Almeria. Alejandro is Honorary British Consul for Almería. Thanks David (For more info on Expats blog click here: https://britishexpatsinspain.com )
🇬🇧🇪🇸 Han sido unos días muy intensos con la visita a Almería del Embajador del Reino Unido en España, donde se ha reunido con destacados líderes empresariales y políticos además de conceder entrevistas a varios medios. Muy importante para todos el mensaje transmitido sobre el Brexit. Seguir leyendo “Visita del Embajador del Reino Unido a España”
Un año más llega nuestra cita con Hacienda. Comenzó la CAMPAÑA DE RENTA 2016, que termina el próximo junio.
Recuerda que cada año Hacienda introduce cambios en la CAMPAÑA DE RENTA 2016. Su desconocimiento puede suponer el cometer errores o el no conseguir desgravaciones que nos corresponderían.
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: firstname.lastname@example.org
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).