FAQs

In the constitution of companies, specifically in limited companies, and based on the regulations of article 62.2 of the Capital Companies Law, it is currently not necessary to prove the contribution of the share capital, if the shareholders are jointly and severally liable to creditors for the reality of them.

Article 15 of the IRNR Law establishes that taxpayers who obtain income without the intermediation of a permanent establishment will be taxed separately for each total or partial merit of income subject to taxation, without it being possible to compensate between them. Therefore, if a property has not been rented in a period, but the reserve fees have been payable, the rent must be declared in the quarter in which the income has been received.

For non-resident owners of properties in Spain, who reside within the European Union and rent these properties, the tax rate is 19% and expenses can be deducted. Due to Brexit, British people are considered non-Europeans for tax purposes, so the tax rate for these incomes is 24% without the possibility of deducting expenses related to the property.

No, it is not correct. If you act as a professional and purchase goods from another company in the European Union, you must be invoiced without VAT from the country of origin (as long as is not apply the distance selling scheme). A prerequisite for this is that both companies are registered as intra-Community traders, which you can check on the website of the Spanish Tax Agency by following this link: https://sede.agenciatributaria.gob.es/Sede/procedimientoini/ZZ09.shtml

For the tax year 2021, all returns can be filed from 6 April 2022. The deadline is 30 June 2022.

It is exempt from taxation in Spain, and must be taxed in Switzerland in accordance with the terms of Article 13.4 of the Double Taxation Convention.

• If the shareholder is a natural person, the taxation and withholding in Spain will be 15%. Tax to be deducted in the country of origin on the basis of its internal tax system.
• If the shareholder is a corporate, the tax and withholding tax in Spain will be 15% (or 10% if more than 25% of the Spanish company is directly owned). Tax to be deducted in the country of origin on the basis of its internal tax system.

In short, the wealth tax is calculated on the total value of the assets that the non-resident has in Spain, minus the value of the debts incurred for the acquisition of these assets.
It should also be considered that the higher the base amount, the higher the tax rate is.