News > Taxes
Tired of paying high tax amounts? Then this section is for you. Stay updated with the latest tax news in Spain for foreigners and which regulations can help you optimize your tax payments. We will go from the generic overview of the Spanish tax system, and then dive deep into each of the taxes you need to pay (both for residents and non-residents). Always providing the exact rates, allowances and useful tips for optimization!
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Sales tax in Spain: VAT Tax and VAT Rates
One of the taxes you will most frequently pay in Spain is the sales tax, called VAT (or IVA in Spanish). In this article you will learn everything you need to know about it. From which is its exact percentage (something that changes according to the product or service...
CIF and NIF in Spain: Spanish Tax Identification Numbers
If you are going to live in Spain or carry out any kind of legal or financial procedure, you will need a tax identification number. Depending on your situation, that tax ID can be called NIF or CIF, which at the same time can be equal to your NIE or DNI. But enough...
Fiscal Residency in Spain: How to Know If You Are Tax Resident or Not
Taxes are undoubtedly one of the legal aspects that will most affect your life in Spain. And, in that sense, there is a concept that conditions everything else, a concept that defines what taxes you must end up paying and the exact percentages: fiscal residency. That...
Taxes on Cryptocurrency in Spain: How, When and How Much You Need to Pay
Due to the yet not fully defined Spanish tax legislation when it comes to new technologies and blockchain, the vast majority of crypto traders don't know which are exactly their tax obligations. And, for sure, this is a really important issue if you want to avoid the...
The Plusvalia Property Tax in Spain
Are you about to sell your property? Then keep reading, because you need to pay land value tax. And in this article you will find all the information that you need about the plusvalía property tax in Spain. We will explore what exactly this tax is about and how it...
Model 720 in Spain: Asset Declaration Tax Form
Do you receive income or have assets, bank accounts, or properties abroad? Then keep on reading, because most likely you must declare your possessions through the 720 tax form in Spain. In this article you will learn everything you need to know about it. We'll see...
Freelance Social Security Tax Increase During 2021
This is not good news for freelancers (“autónomos”) in Spain: their monthly social security tax will be increased during 2021. And suffering from a global pandemic that is generating devastating economic consequences seems not to be a problem, self-employed workers in...
Invoices in Spain: What to Include, VAT, How to Send Them and More
Whether you are a self-employed individual (freelance) or a company, sending invoices to your clients will be essential. That's the way to justify and to get paid based on the products sold or services performed. However, many companies or individual workers are...
How to Get a Digital Certificate in Spain
Nowadays, the vast majority of legal or administrative procedures can be carried out online. However, in order to verify your identity online and formalize any legal process effectively, you need a digital certificate. In this article we will show you exactly what...
Corporate Tax in Spain
If you are here it is because you are considering opening your own business and would like to understand your tax obligations in detail, or because you already have one and want to optimize your taxes. Whatever the situation, you will find the answer in this guide....
Intra-Community Operator: NIF, VIES and International VAT
Nowadays, it is very common for freelancers or companies to provide their services not only at a national level, but also addressing the European market. Either they have customers there, or they want to expand and explore new markets. If this is your case and you...
Taxes for Self-employed or Freelancers in Spain
The idea sounds promising: becoming a self-employed worker while enjoying the amazing life Spain offers. No boss, no fixed schedule. You can organize yourself to devote time to experience the Spanish lifestyle. But then, something bad happens: taxes. And self-employed...
Payroll in Spain: Elements, How to Calculate Yours and More
Have you received your first paycheck and don't understand what it says? Would you like to know the differences between net and gross salary to understand why you get paid much less than you were told? In this article, we will review everything you need to know about...
Tax, Business and Economic Measures for the Coronavirus in Spain
The current coronavirus crisis is producing a tremendous impact on the Spanish economy. Many companies are downsizing, and many freelancers are struggling to even earn half the income they obtained during a prior normal month. That is why the Spanish government has...
Non-Resident Tax in Spain: Income Tax for Non-Residents
Do you have a property in Spain but live less than 6 months in the country per year? Then hold on for a second. Because you need to pay non-resident tax. And failing to do so can have important penalties. But, luckily, in this article we explain in detail when exactly...
Inheritance Tax in Spain for Expats: Exact Rates and Allowances
Maybe one of the most complex taxes in the Spanish taxation system. How much inheritance tax should you pay? The answer depends on many factors, and planning here will be essential to avoid paying extra money. But in this article we will solve all your doubts. We will...
How Income is Taxed for UK Citizens Which Are Tax Residents in Spain
After so many questions from our United Kingdom clients, we nearly felt it was compulsory. We felt it was necessary to create the blog post that would once for all solve all their doubts. Because income tax can be one of the most complex taxes in Spain. So much so, if...
Wealth Tax in Spain: Exact Percentages and How to Reduce it
Taxes per se are really painful. But maybe the wealth tax is the winner in that sense. It seems really unfair to build your wealth just to get it taxed afterwards. Nevertheless, this article may help alleviate the situation. We will first go through the main Spanish...
Income Tax in Spain
For sure, one of the main taxes you will pay in Spain and in any other country. And due to that universality, income tax can be one of the most complicated taxes out there. And this creates many doubts. How much IRPF tax must be paid in Spain? Do I have to pay twice...
Capital Gains Tax in Spain
Something that both residents and non-residents in Spain must once during their life in the country. The capital gains tax is one of the main taxes you will need to pay after obtaining a profit from an economic transaction. In this article, we are going to learn how...
VAT (Value Added Tax) Number in Spain: Registration Process
Does the economic activity of your business require operating with different countries inside Europe? Do you operate from Spain and sell goods to countries like France, Italy or the United Kingdom, or vice versa? Then, whatever the case is, you will need to register...
Taxes in Spain for Expats: For Residents and Non-Residents
Taxes are everywhere. And moving to Spain won't make them go away. In fact, they will become a crucial part of your new life in the country (no matter if you are a tax resident or not). But that is why we have created this article. After you finish reading this post,...
Which Are the Taxes Paid in Spain? Spanish Tax System
As in any economy under the Welfare State, Spain collects taxes to finance its public spending. Health, pensions, public education ... these are some of the areas supported through tax collection. But, which are the taxes that are paid in Spain exactly? In this post,...
Beckham Law in Spain: How to Save Taxes as a Foreigner
If you are moving to Spain to work, this will really help you out. Because there's nothing worse than taxes. But fortunately for all expats, the Spanish tax system creates great opportunities to save some money. And that is what we are going to explain throughout this...
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© Balcells Group | All Rights Reserved | Site by INZONE
Based in Barcelona, with over 40 years of professional experience, Balcells Group Lawyers provides expert legal advice and services specialised in the areas of Immigration, Tax, Business and Legal
Services | News | Contact | About | Legal Notice | Privacy Policy | Cookie Policy
Location
Rambla de Catalunya, 124, 1-2
08008 Barcelona (Spain)
+34 936 31 51 39
HOURS
Monday – Thursday | 9:00 – 19:00
Friday | 9:00 – 17:00
info@balcellsgroup.com
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© Balcells Group | All Rights Reserved | Site by INZONE