Tax updates for Spain and France
We hope that all is well with you ! As you might have heard, there’s been a landmark Spanish court ruling which means that owners of Spanish property who are not EU-resident will now be…
Introduction The Spanish Government has officially postponed the mandatory implementation of the VERI*FACTU invoicing system — a major fiscal initiative designed to modernise digital invoicing and strengthen tax compliance through enhanced traceability and integrity of…
Obligation to declare All non-residents with Spanish property which is not rented out throughout the year, are obliged to submit annual tax declarations. The deadline is 31st December following the end of each tax year….
A clear guide for clients of Europe Accountants operating in Spain 1. What is VERI*FACTU? The VERI*FACTU system is a regulatory standard introduced by the Agencia Estatal de Administración Tributaria (AEAT) in Spain that establishes…
VAT compliance for non-resident companies Spanish VAT registration of a foreign company involves registering the company with the Spanish Tax Office (Agencia Tributaria), and obtaining a Spanish tax code (NIF). Documentation required It is necessary…
From the tax year 2024 onwards, a regular tourist rental property, registered as a Meublé de Tourisme, will benefit from only a 30% taxable income allowance under the simplified MicroBIC regime. The increased 71% taxable…
Registration as an auto-entrepreneur is effected in two parts, both of which can be completed online. Registration of your self-employed business activity in the INPI portal https://procedures.inpi.fr/ and requesting a French business tax/ VAT number,…
Both residents of France, and non-residents with French income such as from property rental, are obliged to submit an annual income tax return. The French tax year is equal to the calendar year. The presentation…
It’s almost time again for the annual Spanish residents’ income tax declarations, known as La Renta ! The Spanish tax year ends on 31st December. Income tax returns for the year 2023 must be submitted…
Wealth Tax in Spain is complex because it varies from one region (Comunidad Autónoma) to another, is subject to change year-on-year and is highly affected by politics ! All taxpayers have a reduction of up…