New regulation for tax form 720

This decision has been long awaited and has now arrived. The Court of Justice of the European Union has ruled that the system of penalties in the informative tax model 720, which required individuals to report assets and rights located abroad, is contrary to EU law as it is excessively burdensome and disproportionate for the […]

New tax benefits for property tax in 2022

Up to 50% reduction if you install an electric car charger at home or at work. Self-consumption is a reality today and will remain so, so with the publication of the Royal Decree-Law of 21 December 2021, new advantageous ways will be opened to encourage accelerated development of electric mobility and self-consumption of renewable energy. […]

Plusvalia tax from 2022

Following the ruling of the Spanish Constitutional Court, which declared the method used by local councils to calculate the Plusvalía tax to be outdated, a new Royal Decree-Law has been issued in Spain, which opens up new steps for calculating of this tax and also opens up possibilities for appeals for unfair calculations under the […]

Can I reclaim the amount of Plusvalia paid?

The Spanish Constitutional Court has recently published a note announcing its ruling on the revised version of the Municipal Increment Value Tax – Plusvalia, which takes effect in real estate transactions. The court concludes that the assessment basis for levying the tax on the increase in value of urban land and real estate is unconstitutional. […]

Golden Visa Spain – Residence Permit for Investors

What is the Golden Visa? Since 2013, Spain has had the Golden Visa to encourage foreign capital investment in Spain. “Golden Visa” is a residence permit for Spain and on the basis of this, foreigners or non-EU citizens who prove the purchase of real estate in Spain with an investment of at least 500,000 euros […]

Tax implications of the new cadastral reference value

Among the main points of the law passed by the Spanish government to combat tax fraud, one of the most relevant changes is the introduction of a cadastral reference value for property owners, which will be mandatory from January 2022. The intention of this measure is to resolve the hitherto controversial situation in assessing the […]

Changes application of spanish NIE number.

The processing of a NIE number (Foreigner identification number) in Spain were previously handled through a Spanish authority by means of a personal application or a special notarial power of attorney. Due to the current high demand for new NIE number applications, the application by notarial special power of attorney has been temporarily suspended and currently this number […]

Tax evasion: Spanish government tightens measures

At the beginning of July, a new legislative decree came into force in Spain to fight tax fraud even harder than before. Here are the most important changes: New cap on cash payments The maximum amount for cash payments in business transactions will be reduced from 2.500 to 1.000 euros. This applies to all payments […]