Tax in Spain - Income tax and wealth tax in Spain. Tax liabilities for non-tax residents

Tourist rentals have become a popular way for property owners in Andalusia to generate additional income. With its rich cultural diversity, renowned beaches, and historical destinations, the region attracts millions of tourists annually, making vacation rentals a lucrative business. However, operating legally requires obtaining a tourist license and complying with specific regulations set by the Junta de Andalucía. In this article, we explain the requirements, associated responsibilities, and how Welex, lawyers and accountants in Marbella, can assist you.

Definitive guide for Inheritance Tax in Andalusia | WELEX
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Definitive guide for Inheritance Tax in Andalusia | WELEX

Definitive guide for Inheritance Tax in Andalusia | WELEX

13, 11, 2024|Spanish Wills & Inheritance, Tax in Spain|

Although our law firm in Marbella does not wish to give our readers false expectations, we pretend to solve in the below mentioned text doubts that Inheritance Tax in Andalusia may entail. However, its a pleasure to explain in the following lines a general summary when it comes to Inheritance Tax in the Autonomous Community [...]

Non-Resident Tax Over a Property in Spain: A Complete Guide
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Non-Resident Tax Over a Property in Spain: A Complete Guide

Non-Resident Tax Over a Property in Spain: A Complete Guide

24, 10, 2024|Property in Spain, Tax in Spain|

Non-resident property owners in Spain must pay taxes like Property Tax (IBI), Non-Resident Income Tax (IRNR), and Wealth Tax. Staying compliant with deadlines is crucial to avoid penalties. Welex, a tax adviser in Marbella, ensures correct filings for non-residents, helping you avoid fines and legal issues.

Anti-Money Laundering in Spain: Why Do Developers Request So Much Information?
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Anti-Money Laundering in Spain: Why Do Developers Request So Much Information?

Anti-Money Laundering in Spain: Why Do Developers Request So Much Information?

14, 10, 2024|Property in Spain, Tax in Spain|

At Welex, many clients ask why property developers in Spain request extensive personal information. This is due to Law 10/2010, which aims to prevent money laundering and terrorism financing. Developers are required to verify the source of funds used in property transactions by collecting documents through a Know Your Client (KYC) form.

Differences Between Tourist, Short-Term, and Long-Term Rentals in Andalusia
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Differences Between Tourist, Short-Term, and Long-Term Rentals in Andalusia

Differences Between Tourist, Short-Term, and Long-Term Rentals in Andalusia

02, 10, 2024|Property in Spain, Spanish Accountancy, Tax in Spain|

Explore the different types of rentals you can implement in your real estate investment in Spain. At Welex, we provide specialized advice to maximize your rental opportunities and ensure regulatory compliance.

When Are Invoices Deductible for Corporate Tax Purposes in Spain?
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When Are Invoices Deductible for Corporate Tax Purposes in Spain?

When Are Invoices Deductible for Corporate Tax Purposes in Spain?

06, 08, 2024|Spanish Accountancy, Tax in Spain|

By Welex, Law Firm, Accountants, and Tax Advisors in Marbella. In this article, we outline the necessary requirements for an invoice to be deductible for corporate tax purposes in Spain. It is essential that invoices meet certain formal and substantive criteria to be considered deductible. Formal Requirements for Invoices To ensure an invoice [...]

Are Invoices from a Nutritionist in Spain Subject to VAT?
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Are Invoices from a Nutritionist in Spain Subject to VAT?

Are Invoices from a Nutritionist in Spain Subject to VAT?

12, 06, 2024|Tax in Spain|

Welex, your tax advisor in Marbella, located in the heart of the Costa del Sol, is pleased to provide a detailed guide on the application of VAT to services provided by nutritionists in Spain. Whether these services are subject to or exempt from VAT has raised many questions among professionals and their clients. Below, we [...]

Deductible expenses for model 210 IRNR for Non-Residents who own rental properties in Spain
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Deductible expenses for model 210 IRNR for Non-Residents who own rental properties in Spain

Deductible expenses for model 210 IRNR for Non-Residents who own rental properties in Spain

06, 06, 2024|Property in Spain, Spanish Accountancy, Tax in Spain|

By Welex, your efficient tax advisors in Spain. When it comes to owning a property in Spain but not being a resident there, all expenses derived from the rental of that property are deductible when filing the tax return, as long as the non-resident belongs to the European Economic Area (EEA). Non Spanish-resident taxpayers who [...]

Savings tax rates in Spain
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Savings tax rates in Spain

Savings tax rates in Spain

16, 05, 2024|Tax in Spain|

Do you live in Spain and are you looking to find out more about the ins and outs of taxation on savings? From Welex, your guide and tax advisor in this country, we are pleased to outline the different tax rates that are levied on the fruit of your efforts and financial foresight. [...]

Reinvestment exemption conditions after the sale of a primary residence in Spain
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Reinvestment exemption conditions after the sale of a primary residence in Spain

Reinvestment exemption conditions after the sale of a primary residence in Spain

07, 05, 2024|Featured, Property in Spain, Tax in Spain|

At Welex, your law and accountancy firm in Spain, we are pleased to write a few lines about the conditions for tax exemption for reinvestment of the capital gains obtained after the sale of your main residence in Spain. Are you a tax resident in Spain? You wish to sell your main residence in Spain [...]