The Spanish tax office can go back 4 tax years which in real terms is 5 years and 3 months from the end of a tax year.
What are Spanish tax rates?
Personal income tax (PIT) rates
| Taxable base (up to EUR) | Tax liability (EUR) | Tax rate (%) |
|---|---|---|
| 20,200 | 4,225.50 | 30 |
| 35,200 | 8,725.50 | 37 |
| 60,000 | 17,901.50 | 45 |
| 300,000 | 125,901.50 | 47 |
What is Spanish IVA tax?
VAT in Spain is called IVA, impuesto sobre el valor añadido. It is applied to goods or services in Spain. The standard vat rate is 21% but certain goods and services are eligible for the reduced rate of 10%, 4% or 0%.
What happens if you owe tax in Spain?
Failure to pay tax can result in penalties of between 50% and 150% of the tax owed, plus interest. Late payment can result in penalties between 5% to 20% of the tax involved, plus interest.
What is the Spanish tax year?
The tax year in Spain runs from 1 January to 31 December. Eligible residents must file tax returns with the Agencia Tributaria between 6 April and 30 June of the year following the tax year. There are no extensions on filing tax returns in Spain.
What is the basic rate of income tax in Spain?
24%
Currently the Spanish income tax rates are as follows: Spanish income tax for incomes up to €12,450: 19% Spanish income tax for incomes ranging from €12,451 to €20,200: 24% Spanish income tax for incomes ranging from €20,201 to €35,200: 30%
How does the Spanish tax system work?
The general flat income tax rate for non-residents is 24%, or 19% if you are a citizen of an EU/EEA state. Other income is subject to Spanish non-resident taxes at the following rates: Capital gains resulting from transferred assets are taxed at a rate of 19%. Pensions are taxed at progressive rates, from 8% to 40%.
Is there tax reform in Spain 2015?
Spain’s Legislature Approves Tax Reform for 2015. According to Tax News, Spain’s legislature has approved a tax reform with the following changes: The Spanish corporate income tax will fall from 30 percent to 28 percent in 2015. It will drop to 25 percent in 2016.
Who is subject to personal income tax in Spain?
Individual residents are subject to personal income tax (IRPF) based on their income from around the globe. Non-residents are subject to IRPF only on their Spanish-sourced income. Residence status must be established when filing a Spanish tax return and has consequences for the amount of tax due.
What are the tax rates in Andalusia and Catalonia?
The top rate of income tax in Andalusia and Catalonia is 49% . It’s also noteworthy that these rates apply to the general income. Some kinds of income, like income bound to saving accounts, have different rates.
How are capital gains and VAT taxed in Spain?
Short term (-1 year) capital gains are taxed at general scale (24,75%-52%). Since 2015 short and long term capital gains are taxed at savings scale. VAT (IVA in Spanish: impuesto sobre el valor añadido or impuesto sobre el valor agregado) is due on any supply of goods or services sold in Spain.
