The Spanish Tax Office has approved new forms for this year 2011 so non-residents can pay their taxes in a simpler way.
New forms
The form 212 disappears. As you know, this form was the one to pay the taxes (or to obtain the devolution) for the capital gain obtained when you sell a property in Spain. This capital gain (or loss) and the payment due (if superior to the 3% retention made by the purchaser) or the devolution to obtain (if the final tax is under the 3% retention made) will be made by form 210
So the form 210 form will be used to declare the following revenues:
- Capital gains/losses from the sale of a property.
- Revenues from the ownership of a property and revenues from the rental of the property, revenues from savings, shares….Any kind of revenues foreseen at the Non-resident Spanish Tax Legislation.
The form 215 also disappears and its contents are included in the new form 210.
The forms 211 and 213 remain
Payments and devolutions.
One of the novelties foreseen at the new regulation is the chance, in case there is a devolution in favour of the citizen, to get it either by bank transfer to a Spanish bank account or by bank transfer to a foreign bank account by submitting at the form the BIC/SWIFT CODE and IBAN number. This procedure will be available from March the 1st of 2012
Also is foreseen the possibility of payment from abroad through a bank transfer made into the bank account of the Income Tax Office opened at the Bank of Spain. This procedure will be available from March the 1st of 2011
Terms to submit and pay the taxes
The terms to submit the new forms will depend of the kind of revenue declared on it.
Form 210:
· If we declare capital gains from the sale of real estate properties, will be four months from the sale of the property.
· If we declare the fictitious revenue from the ownership of the property, the whole year
· Rest of revenues: if the tax declaration is to pay the first 20days of April, July, October and January regarding the revenues arisen in the previous three months. If the tax declaration is to obtain a devolution, from February the of the next year.
Form 211: one month from the date of the purchase of the property.
Form 213: during the month of January of the next year that the tax is due.
SERVECO
Antonio Robles
Tax Advisor