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Tax in Spain

Tax reductions are maintained in Andalusia | WELEX

02, 12, 2021|Tax in Spain|

From Welex, lawyers and economists in Marbella, we provide you with all the information regarding the new tax reductions in Andalusia. This Law 5/2021 of 20 October contains all the modifications and reductions of the Transfer Tax and Stamp Duty in Andalusia. Last 27th April, the Junta de Andalucía indicated in its Decree-Law 7/2021 the [...]

VAT versus ITP when purchasing a property in Spain | WELEX

22, 09, 2021|Tax in Spain|

When purchasing a property in Spain, there are a series of additional costs that must be added to the price of the property, such as VAT or ITP taxes.    We will provide a general outline of the taxes involved when purchasing a property in Spain, taking into account that each specific case will require [...]

Tax Categories in the Spanish Tax System | WELEX

27, 07, 2021|Tax in Spain|

Do you have a property in Spanish territory? Have you come on vacation and hired services of a professional in Spain or bought goods? Along the following lines we will indicate the main tax categories in the Spanish Tax System. The Spanish constitution of 1978 comes to indicate as obligations of all citizens the contribution [...]

New tolls on motorways in Spain as from 2024 | WELEX

12, 05, 2021|Tax in Spain|

2024 would be the date on which the Spanish government will start implementing a system of tolls on motorways in Spain.   This payment of tolls on motorways in Spain system is based on two fundamental criteria, according to the director of the General Direction of Traffic, Pere Navarro: "the one who pollutes, pays" and [...]

Reduction of Taxes in Andalusia, Spain | WELEX

04, 05, 2021|Tax in Spain|

Since last year the world pandemic of COVID-19 was declared, in the Autonomous Community of Andalusia different measures have been adopted in order to mitigate the negative effects that it is causing in our territory. For that reason, from Welex, lawyers and accountants in Marbella, we wish to highlight the last reduction of taxes in [...]

Definitive guide for Inheritance Tax in Andalusia | WELEX

28, 04, 2021|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 [...]

Beckham Law in Spain: change of tax scale applicable from January 2021 | WELEX

08, 03, 2021|Tax in Spain|

Welex, your office of efficient accountants in Spain, informs you about the changes in the tax regime for workers displaced in Spanish territory, that is, the tax regime known as the Beckham law in Spain.   Scales applicable to workers posted to Spanish territory (Beckham Law in Spain) The tax regime, well known as the [...]

Tax rates on savings in Spain increase since 2021 | WELEX

04, 02, 2021|Tax in Spain|

By Welex, your tax advisor in Marbella reports on the greater hardening of the highest income corresponding to savings in Spain (dividends, interests, capital gains) and the recovery of the wealth tax that becomes indefinite.   How will the taxable base of savings in Spain (dividends, interest and capital gains) be taxed from 2021? Well, [...]

What expenses do I have when buying a second home in Spain? | WELEX

28, 01, 2021|Tax in Spain|

The purchase and sale of a second transmission property in Spain, that is to say, where the seller is a private individual or the property has already been inhabited, is subject to the Property Transfer Tax in Spain. This tax varies depending on the autonomous community where the property is located.   For that reason, [...]