Catalonia is the first Spanish autonomous community to introduce a special tax on luxury goods. The anti-fraud measurement is introduced retroactively. 0.2 to 2.75% tax on luxury possessions All these assets are considered ‘non-productive assets’ and the owners must pay a tax of between 0.2 and 2.75 per cent....
Do you want everything to go well? Start now and submit your data before 6 May – Download our free English brochure Tax Returns Spain: click here for ‘what to do, what to declare and what does it cost me?’ English, for free, complete and easy to read. –...
Spain has national rates for income tax, wealth tax and inheritance and donation tax, but the ‘autonomous communities’ – Spain has 17 – can use different scales and rates. Important in tax planning Spain If an autonomous community does not consider this necessary, the national rates apply. For people...
Madrid continues to implement tax cuts Reduction in inheritance tax Madrid Madrid plans to reduce the inheritance tax between siblings, as well as between uncles/aunts and nephews/nieces. Reductions of 15% and 10% will apply on the calculated inheritance tax. A reduction of 99% already applies for the tax on...