GB Abogados Tax Department is dedicated to providing our clients with the most relevant information regarding Spanish Tax.
Every year the Spanish Tax authority (AEAT) target an area of taxation. Our experienced sources reliably inform us that this year the action plan is set to cover Non-resident Taxes, specifically Tax events involving:
- Attributed income from urban building
- Income from real estate
- Capital gains from property transfer
- Inheritance and donation taxes
Many people who are classed as non-residents and have assets in Spain are unaware of the fact that they are required to make a non-residents tax declaration and pay the relevant tax fee.
From the moment the AEAT detect that there has been non-compliance they begin the procedure of collecting the unpaid tax, the authorities can claim tax dating back 4 years (2011). The outstanding balance for unpaid taxes is often quite substantial due to the sanction, interest and charges which are applied.
We strongly recommend that all Non-resident tax declarations are filed regularly in order to avoid significant financial penalty. If you have any questions regarding Spanish tax, or want to process your tax obligations, please don´t hesitate to contact our friendly team for a no obligation consultation.