Starting from January 1, 2023, amendments to Article 93 of Spain’s Personal Income Tax Law introduce a special tax arrangement for individuals gaining Spanish tax residency due to moving to the country. This provision, which was modified through the third Final Provision of Law 28/2022, is intended to promote the startup ecosystem. Under this regime,… Read more »
Are you thinking of buying a property in Andalusia? Good news! The Andalusian Tax Government has approved a reduction in the Transfer Tax to be paid at a flat rate of 7%! What is the Transfer Tax? When you purchase a property in Spain, you are liable to pay a transfer tax for both… Read more »
What is Form 720 (Modelo 720)? Form 720 is an informative declaration on offshore assets and rights located outside Spain. According to current regulations, Form 720 submission is requested in order to comply with the following objectives: -Inform the Spanish administration about the offshore real estate and existing rights over them. -In relation to the… Read more »