gaqofficial.blogg.se - How to file taxes

In addition, you must declare all your assets abroad worth more than €50,000 (using Modelo 720, or Form 720).

It is your first year declaring tax residency in Spain.

You have capital gains and savings income of more than €1,600 a year.

You receive rental income of more than €1,000 a year.

You’re self-employed in Spain or run your own business.

Your annual income from employment is more than €22,000.

If you have been living in Spain for six months (183 days) or more of the calendar year (not necessarily consecutively) or you have your main vital interests in Spain (for example, your family or business is in Spain), then you are classed as a Spanish resident for tax purposes.Īs a Spanish resident, you must submit a Spanish tax return and pay Spanish income tax on your worldwide income in the following cases: Get help with your taxes Who has to pay tax in Spain? Spanish tax for residents The Spanish tax year runs from 1 January to 31 December. Furthermore, workers in Spain must contribute to Spanish social security taxes.

This means that Spanish tax rates can vary across the country for income tax, property tax, wealth tax, capital gains tax, and inheritance tax in Spain. Taxes in Spain are split between state and regional governments. Spanish tax also applies to property ownership, investment interest, and goods and services in Spain. This also includes potential income on Spanish property even if you don’t rent out your property. If you are a non-resident in Spain, you only pay tax in Spain on Spanish income, typically at a flat rate. Taxes apply on a progressive scale, although tax deductions exist. If you’re a resident of Spain, you must pay Spanish tax on your worldwide income. Whether you pay Spanish taxes on your worldwide income, or Spanish-based income only depends on your residency status. If you are living and working in Spain, you are liable to pay income taxes on your income and assets and will need to file a Spanish tax return. Who has to pay Spanish taxes? A guide to taxes in Spain, including up-to-date tax rates, VAT, income tax, property taxes, and taxes for non-residents.