Electronic invoicing is coming: what Spain’s new rules mean for businesses and freelancers
Running a business in Spain is never short of paperwork. From Modelo 720 to quarterly IVA, it sometimes feels like the rules change just as you get comfortable with them. The next big change is already on the horizon: mandatory electronic invoicing. Spain’s government has approved two pieces of legislation – Law 11/2021 (on tax […]
What Is Cadastral Value In Spain?
Imagine two properties on the same street—one modern and recently renovated, while the other is older but larger. Despite their different market prices, they might have similar cadastral values. But what exactly does this term mean, and why is it important for property owners in Spain? If you own or plan to buy property in […]
What is Modelo 211 in Spain?
If you buy a property in Spain from a non-resident seller, you must follow certain tax rules. Modelo 211 is a form used to pay a part of the seller’s tax upfront. This helps ensure the Spanish tax office receives its due, even if the seller leaves the country. But what does this mean for […]
What is tax residency in Spain?
Moving to Spain is exciting, but understanding tax residency in Spain is important if you plan to stay long-term. Many people are unsure whether they qualify as tax residents or non-residents and how that affects their taxes. Here’s a simple guide to help you understand the rules and what they mean for you. Considerations for […]
What is Tasa de Basura in Spain?
If you own property in Spain, you will have to pay a waste collection tax in Spain. This tax helps fund local waste management services, ensuring that rubbish is collected and processed efficiently. Many expats and property owners often wonder how much it costs, who needs to pay it, and how to settle the bill. […]
What is SUMA in Spain?
Owning a property or vehicle in Alicante? You’ll have to deal with SUMA Spain, the local agency responsible for collecting municipal taxes. Many expats and property owners often wonder how SUMA works, what taxes it collects, and how to make payments. Here’s everything you need to know in simple terms. Understanding SUMA SUMA is a […]
What is Rental Income Tax in Spain?
Earning rental income from a property in Spain? That’s great—but before you enjoy the profits, there’s one thing you must understand: rental income tax in Spain. Spain has strict tax laws for landlords, whether they live in the country or abroad. Failing to declare rental earnings could lead to penalties. The rules differ for residents […]
What is AEAT in Spain?
Dealing with taxes in Spain can be confusing, especially when you’re a resident, business owner, or non-resident earning income in the country. Understanding AEAT Spain is essential because it controls how taxes are collected and managed. AEAT, short for Agencia Estatal de Administración Tributaria, is the national tax authority responsible for overseeing tax compliance, customs […]
What is capital gains tax in Spain?
Selling a property or an asset in Spain can be exciting, but it also comes with tax responsibilities. One of the most important taxes to understand is the capital gains tax in Spain. If you make a profit from selling an asset, such as a house, you may need to pay this tax. Knowing how […]
What Are Deductible Expenses in Spain?
Understanding deductible expenses in Spain is essential for anyone looking to reduce their taxable income. These expenses can significantly lower the amount of tax you owe, making it crucial to know which costs are eligible. Let’s explore what deductible expenses are and how they apply to different taxpayers in Spain. Who can claim deductible expenses? […]