Income tax in Spain
INCOME TAX FISCAL RESIDENTS IN SPAIN.
Pursuant to article 96 of the Spanish Income Tax law and article 61 of the regulation (reglamento) of the mentioned law, the following persons are required to submit the Income tax declaration of 2012 in Spain.
a) Taxpayers who have obtained an income in the year exceeding the amounts for each class or source that are highlighted below.
b) Those taxpayers in Spain who, regardless of the amount and nature or source of the income earned, would be entitled to a deduction for investment in there prime home, special savings account for the purchase of their first home, international double taxation, or have made contributions to individuals with disabilities, pension plans, insured pension plans, corporate pension plans, etc.
c) Taxpayers in Spain who are required to file the Spanish income tax and apply for the refund arising from the Income Tax regulation to which they are entitled if proceeds.
d) Taxpayers who are not required to file their Spanish Income Tax due to the amount and nature or source of their income earned during the year, but are applying for the refund arising from the Income Tax regulation in Spain.
Who is not required to file Spanish Income Tax at the Inland Revenue?
Applicable for individuals who are tax residents in Spain.
Income Tax in Spain
Due to many inquiries that the tax lawyers of our firm receive every year, the multi-lingual tax advisers of Arcos & Lamers Asociados, your accountant and tax adviser in Spain, would like to lay out the corresponding deadlines applicable on Spanish Income Tax.
This year 2013, the possible “online” submission of the corresponding Income tax and Wealth Tax for Tax residents in Spain started on 24th April.
26/06/2013 will be the last day for filing the Income Tax form stating an automatic direct debit on Spanish personal bank accounts.
28/06/2013 will be the last day to request “customer service” meetings at the corresponding Inland Revenue in Spain.
On the 01/07/2013 the Spanish Income tax campaign ends for 2012. Last day to file Income Tax returns 2012 and Spanish Wealth tax 2012. Read more »
Accountant in Spain
Accountants in Spain.
Spanish multi-lingual proactive law firm, Arcos & Lamers Asociados, has recently launched, in addition to our weekly posts at our blog, a new micro web under the title “Accountants in Spain” providing deep going information on the Spanish Tax system, Spanish accountancy rules and tax advice that our firm provides to Spanish and north European communities, individuals and companies in Spain. Please find below a summary of the different areas we have taken into account providing answers to inquiries that our firm receives on a daily basis. Read more »
At Arcos & Lamers Asociados, your law firm in Spain, always at the forefront of the latest technologies, we offer comprehensive advice in paying your taxes, ranging from obtaining all the necessary information for calculating, preparation and presentation of the tax settlement and the communication to the client for meeting with his tax obligations, and always, electronically, giving the whole process of the agility to the taxpayer, being resident as no resident in Spain, has in their possession in the shortest time possible their taxes paid and settled, provided within the period specified by law. All this is possible thanks to our excellent multidisciplinary team, which specializes in different areas of the Spanish Tax System, very complex in itself, by engaging different administrations, such as the National Inland Revenue, the regional ones and local levels. Read more »
Social Security
Arcos & Lamers Asociados, Your registered accountant (economist) in Spain informs on part of royal decree 04/2013. This new Spanish law entitles a reduction on social security costs besides the already mentioned reduction on Spanish company tax and income Tax for individuals.
Do you wish to immigrate to Spain? Do you wish to start a company in Spain? Do you already carry out an activity in Spain? Are you self employed or do you have already a Spanish company?
Please kindly bare in mind the below mentioned positive news appearing on legislation regarding social security costs in Spain.
This time, Arcos & Lamers Asociados has the pleasure to inform you on another relevant reduction at the Spanish Tax System, this time, specifically at the Income Tax in Spain for tax residents who start to carry out an economical activity as from 01.01.2013 (I.R.P.F, Impuesto sobre la renta de las personas físicas) as mentioned at Spanish Law 04/2013 of 22nd February, which is meant to improve and increase Spanish economy.
Specifically chapter two of the mentioned law is including relevant reductions at the Spanish Income Tax. Of course, limitations on these reductions have been included as well. The reduction entitles a relevant decrease of 20% of the positive income generated. Congratulations!
Limitations to the mentioned reductions:
Wim Lamers, Maite Arcos
This is the slogan of Arcos & Lamers Asociados, your Lawyer, Solicitor and Registered accountant in Marbella, Costa del Sol Spain: short, concise and specific. It makes the reader think, whether they are just looking at it, reading it or talking about it to another person.
The slogan states a point without expressing it in detail. It reflects the spirit of our firm of lawyers and tax advisers, Arcos & Lamers Asociados, as it transmits trust and security.
Why should you trust Arcos & Lamers Asociados with your legal, tax, labour, commercial and accounting issues?
There are two simple reasons: Read more »
Do you wish to purchase a property in Spain? You should take into account the recent change of Spanish law that now insures, in a higher degree, that Spanish Local Taxes are settled by the purchaser, whether it is a plot of land, apartment, villa or commercial premises .
The Spanish Plus Valíatax is a local tax to be paid to the corresponding Town Hall. It is calculated on the rates value of the property in Spain and the time that has lapsed from the last transaction. This information is provided by Arcos & Lamers Asociados, English speaking lawyers in Spain and Accountants in Marbella that may assist you in any purchase and sale transaction in Spain. Please see:Purchase and Sale of properties in Spain for additional information.
TAX IN SPAIN BRUEGHEL EL JOVEN
English speaking efficient Accountants in Marbella, Spain sets out below mentioned some lines with regards to the Spanish Activity Tax (IAE). The below mentioned information is relevant in the event you wish to start an business in Spain or already carry out an economical activity. In general terms the business Activity Tax (IAE) is a direct tax, due by all individuals and legal entities as referred to in art. 35.4 of the Spanish Law 58/2003 of December 17th,, as long as they are engaged on a business, professional or artistic activity on National Territory. However, there are some exemptions.
Exemptions of this tax in Spain:
The following amongst others are exempt: Read more »
On more than one occasion, when a client arrives at a Spanish law firm looking for advice on buying a beautiful property in Spain overlooking the sea, the first thought of the professional is to cross fingers and hope that this beautiful apartment or villa complies with the Spanish Coast Law.
Presently, we are on the eve of the approval of the Law of protection and sustainable use of the coast and amending Law 22/1988, of 28 July, on Coasts. The new Spanish law will seek to provide more “legal security” to situations that previous legislation was not able to regulate and sustainable improvement of the coast lines in Spain.
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