We're excited to share a crucial update regarding Spain's tax regulations that could significantly impact many of our members. On December 13th, Order HFP/1338/2023 was issued, bringing pivotal changes to tax rules, particularly for those under the Special Regime for individuals relocated to Spain. We've broken down these changes to make them easily understandable.
1. Introduction of New Approved Models: 149, 151, and Updates to IRNR 210
This regulation introduces Form 151 for the Personal Income Tax Return and Form 149 for Communication for taxpayers under the special regime. Also, there's an important modification in the IRNR form 210, particularly relevant for income declaration without a permanent establishment.
2. Form 151: A New Era for Personal Income Tax Returns
Form 151 is a game-changer. It must be filed electronically for the 2023 tax period (filing in 2024). The deadline coincides with the general Personal Income Tax deadline. For direct debit payments, filing starts early and ends five days before the period's end.
3. Form 149: Keeping Track of Your Tax Options
This form is pivotal for exercising the special taxation option and must be filed electronically. It covers both the main taxpayer and associates, with specific deadlines for filing the option, waiver, and exclusion, and for communicating the end of the posting.
4. Refinement to IRNR Form 210
There's a notable modification aimed at enhancing self-assessment management, especially concerning property rental income. Taxpayers are now responsible for making the self-assessment directly.
5. Implementation and Documentation Requirements
These changes are effective from December 16, 2023. The order details the necessary documentation for each communication, marking a significant step in Spain's tax regime.
With the introduction of Forms 151 and 149, and modifications to IRNR Form 210, the tax framework for those relocated to Spain is evolving. It's essential to be aware of the new electronic filing requirements, deadlines, and the direct role in self-assessment.
Have Questions? Visit Our Website
Navigating these changes can be complex. For more detailed information and assistance, we encourage you to visit our website. On the bottom right corner of this blog. You can also leave your questions at this blogpost!
Stay Informed, Stay Compliant!
Best wishes always!
Maria de Castro