El blog de Maria

Deadline for non-residents to submit tax return is 31st December. So in several weeks, you need to submit your tax declaration regarding 2014 year. 

Who is a non-resident?

A person is a resident for tax purposes in Spain if they spend 183 days in a calendar year (including sporadic absences) on Spanish territory or if their business, professional or economic interests are based in Spain. Those whose spouse and/or dependent children are habitually resident in Spain will be presumed resident (unless legally separated)

 Property Ownership in Spain and Non-resident tax

Non-residents who own a property in Spain have to pay Spanish income tax even if they have no rental income from the property. The tax is calculated on the “income” (imputed rent) that the Spanish tax office deems could be made from renting out the property.

If the property was rented during the year, income to be declared is the rent less deducting allowable expenses.  These taxes are paid quarterly.

What the penalties for lack of submission?

 Spanish tax man is inspecting on this tax.  Penalties and charges can reach up to 300%. An embargo on your property or Bank account can be placed.

31st of December in the Plaza de España (Square of Spain),Seville, Southwest of Spain