This post is issued by English Spoken Spanish accountant, Sara Duarte, of Spanish accountancy and law firm Arcos & Lamers Asociados.
Many people live in more than one country during a tax year (e.g. Spain plus another country). Furthermore, they could own several properties in both countries.
In order to determine your tax liabilities you need to clearly state the country of residence for tax purposes.
When you are considered to be a Spanish Fiscal Resident you will be liable to be taxed for all your Wealth and Income, obtained not only in Spain but World wide, according to Spanish Tax rules and rates – this will include all pension funds unless stated otherwise.