Spanish tax reference guide. Tax in Spain and Spanish tax returns. Tax Spain. Tax returns Spain.


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	Income Tax Company Tax Rates And Allowances Property Related Tax UK-Spain Double Tax Treaty Back To Home Page	Tax in Spain 2008 We handle all aspects of Spanish tax, offering our clients a complete service to manage their Spanish tax affairs, including: Tax returns Spanish income tax returns and wealth tax returns for non-residents. Income tax returns and wealth tax returns for residents. Quarterly IVA returns and annual IVA summary. Quarterly payments on account of income tax and tax retentions. Annual tax returns for companies. Tax advice and registration General and specific tax advice for Spanish residents. Registration of residents with the Spanish Tax Office. Registration of non-resident entities for tax and formation of a branch in Spain. Tax advice for non-resident individuals who own Spanish property. Tax advice for non-resident corporate investors. Click on the links on the left to access our Spanish tax database.
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More about Spanish tax returns

Tax returns for residents of Spain must be filed annually and the deadline is 30th June. The return includes the taxable income of the previous calendar year. For non-residents with no Spanish-based assets other than property, tax returns must be filed annually; the deadline is more generous at 31st December. The tax return is a combined income and wealth tax return. The calculation of income tax is based on the rateable value (valor catastral) of the property. This is often substantially less than the declared purchase price. Wealth tax is calculated in reference to the purchase price of the property, and any mortgage owing is deductible for the purposes of Wealth Tax.

The Spanish tax system

The tax year in Spain is the same as the calendar year. Sole traders are required to pay tax on account during the year and have two options. Firstly, they can submit quarterly payments on account of income tax that are equal to 20% of the taxable income to date. Any overpayment or underpayment is then settled in the annual tax return. Secondly, they can ask their customers to withhold tax on payments to them. This is only feasible if their customers are businesses rather than consumers. The rate of withholding tax is 15%, with a special concession of 7% for new businesses.

Businesses with employees pay income tax over to the Tax Office on a quarterly basis, although Social Security is paid monthly. IVA returns are filed quarterly and there is an annual IVA summary to be completed at the year-end. IVA refunds can only be claimed at the end of the year.

Types of Spanish tax return

The bureaucracy that pervades Spanish life is all-too-present in the tax system and there is a long list of returns, and the procedures for submitting them can be complicated. The most important returns are:

100 Annual residents' income tax return.
110 Quarterly income tax retentions - trading income.
115 Quarterly income tax retentions - rental income.
130 Quarterly income tax payments on account.
180 Annual summary of income tax retentions - rental income.
190 Annual summary of income tax retentions - trading income.
201 Annual company tax return - simplified version.
202 Company tax payments on account.
211 Payment of withholding tax by purchaser of property where vendor is non-resident.
212 Settlement of tax payable / repayable by non-resident vendor.
214 Annual non-residents' income/ wealth tax return.
300 Quarterly IVA return.
349 Annual summary of transactions with third parties.
390 Annual IVA summary.
714 Annual residents' wealth tax return.

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