Tax and Financial Advice for Foreigners in Spain

  • Income tax, capital gains, inheritance tax and more

  • Tax returns and refunds

  • Personalized consultations and tax studies

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    Our tax lawyer services

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    Personal Tax Returns

    Get expert tax assistance with all your personal tax declarations so you don’t miss any deadline! From properly finding your income tax return (IRPF) to model 720 and other required models.

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    Tax Refunds

    Have you been charged extra for incomes or assets you had abroad? Our team will study all possible double treaty conventions between and help you avoid paying extra.

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    Wealth & Capital Gains tax

    In case you hold assets or make a profit after selling them, we will help you optimize your taxes and help you prepare all related documents and declarations.

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    Beckham Law

    Benefit from the special tax regime for expatriates and pay a flat fee of 24% on your income (instead of 48%) and start being regarded as a non-resident (with all its benefits). 

    How can we help? Some of the key tax issues you will find out with us:

    Spanish taxes and specific tax rates that apply to your case
    Our team of tax advisors and accountants will help you find out the concrete list of taxes you must pay according to your resident/non-resident status, assets and economic activities, the exact rates for each, and all the available allowances that will help you save money.
    Can I live in Spain and pay taxes in my home country?
    No matter if you are from the UK, US, or any other country. We will help you find out where exactly you should pay your taxes and which tax treaties between your country and Spain are at your disposal.
    Am I a resident or a non-resident for tax purposes?
    The first and most important question you must answer to understand your tax obligations in the country. Together with the 180-day rule and the remaining requirements, we will help you understand if you are or will be regarded as a fiscal resident in Spain or not, and if that is the best for your situation and goals.
    Special tax regimes in Spain and whether you can benefit from them
    Apart from double-treaty agreements between your home country and Spain, allowances and other tax reduction tools available, you will find out if you can avoid paying up to 45% income tax (and just pay half) with the Beckham Law (and we will manage its application for you).
    Tax return in Spain and how to make sure you don’t miss any deadline nor requirement
    Our tax lawyers will make sure you fully understand how the tax year work in Spain, how to manage your yearly income tax return (including all the deadlines you must consider); and in case you need it, submit all the documents for you at the right time (so you don’t need to worry about anything).
    How to pay my taxes in Spain: deadlines, tax forms and my exact rates
    We will go over the main tax deadlines you will encounter throughout the year, which are the specific forms you must use to pay each tax, and how to do it step by step.
    Tax allowances and double-taxation agreements that will save you money
    If you obtain income from abroad, or if you have assets in any other country, you may be able to benefit from double-taxation agreements that will allow you to save money. At Balcells Group we have deep expertise on UK and US double-taxation agreements with Spain.

    Balcells Group tax lawyers provide accounting and tax advice services for both companies and individuals on their tax declarations, optimisation & planning, and presentation of documents at the AEAT (Spanish Tax Agency). Whether you are a Spanish resident or not, we will provide assistance for dealing and applying with the all the taxes you can encounter in Spain. 

    Personal taxes & taxes for companies/self-employed 

    No matter if you run a company in Spain, work as a freelancer, or simply need help with your personal taxes, our tax lawyers will help you out.

    Tailored tax solutions &

    accounting solutions

    Our specialists will make sure to fully understand your situation and plans in Spain so that we can provide the tax advice that you actually need.

    Making sure you just pay what you should (and no more!)

    We will manage all the paperwork and required steps so you don’t need to worry about taxes and boring calculations, plus won’t miss any deadline!

     

    Main taxes in Spain for foreigners and taxes our advisors can help you with

    • INCOME TAX (IRPF)
    • TAX RETURNS
    • NON-RESIDENT TAX, for those who own a property in Spain.
    • WEALTH TAX, attending to the value of the assets you have.
    • CAPITAL GAINS TAXif you are considering to sell a property
    • INHERITANCE TAX, and how to avoid paying it.
    • BECKHAM LAW, if you would like to enjoy a tax reduction as a non-resident.
    • 720 Form / Asset Declaration Model
    • MONTHLY ACCOUNTING for both companies and individuals
    • BUSINESS TAXES when setting up a company in Spain
    • REAL ESTATE TAXES involved with purchasing/selling a property
    • PLANNING AND PRESENTATION of all the documents to the AEAT

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    Frequent questions about taxes in Spain

    What does it mean to be a tax resident in Spain and what is the difference with being a non-resident?

    In order to understand which are the taxes you will end up paying, this is the first question you must answer. Are you a tax resident or not?

    Finding the answer is simple: if you spend more than 183 days per year in Spain, you will be regarded as a tax resident. And the consequences are many; as both the taxes and the percentages to be paid will vary. 

    For example, individuals who are not considered as tax residents must pay non-resident tax, something that residents don’t. Other differences arise in regards to the liabilities. In that sense, when it comes to the income tax, for example, tax residents must pay for their worldwide income; whereas non-residents justs for the income they receive in Spain. 

     

    Which are the taxes paid in Spain by a company? 

    Basically, there are three taxes that any company must pay. 

    • First of all, we find the corporate tax (impuesto de sociedades). It is a flat rate equal to 25% applied to the profit the business made. 
    • The property transfer tax. a progressive tax, is applied to the different operations that take place during the life of a given company, like a merger or an acquisition. 
    • Finally, the VAT. Any company that sells goods or services is obliged to pay 21% from the selling price, something that is charged to the client but then collected and returned to the tax authorities in Spain. 

     

    Which taxes should I pay in Spain as an expat?

    If you are considered a tax resident in Spain, there are 4 main taxes you will need to pay as an individual:

    The income tax or IRPF. This tax is applied to any income you obtain worldwide. It is a progressive tax which exact percentage depends on each Autonomous Community. It can start from around 19% and reach up to 48%, depending on the exact amount of your earnings. 

    If you own a property which value is higher than 700.000€, you will need to pay between 0,2% to 2,5% in regards to the wealth tax

    If you obtain a gain from the sale of a property any other asset like shares of a company, you will need to pay for the capital gains tax

    Finally, the inheritance tax, which is applied whenever you inherit any given asset. 

     

    How does the Spanish tax year work? When does it start and when does it end?

    This is something that won’t cause you any headache: the Spanish tax year coincides with the calendar year. This means that it starts on January the 1st and finished on the 31st of December. 

    As for the income tax return, you should file it during May and June for the previous year. 

     

     

    Do I need to file an income tax return?

    As you may know, the income tax requires you to file on a yearly basis a declaration in which you state the income you have obtained throughout the year.

    But should you really file the return? The answer is it depends. If you are a tax resident and earn more than 22.000€ per year, yes, you should. Tax residents don’t have this legal obligation. 

     

    What is the Beckham law? How can I benefit from it?

    The Beckham Law is a special tax regime that allows resident taxpayers in Spain to be taxed at a much lower rate, acquiring a non-resident status.

    Instead of paying progressive taxes for your income that can reach up to 48%, you will just be taxed at a flat rate of 24% for the first 600.00€ of income.

     

    Do you have any specific doubt about your situation? Then stop waiting! Our specialized tax advisors and lawyers are ready to help you out and solve your doubts, FAST!

     

     

     

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