WHAT ARE MY OBLIGATIONS AS NON RESIDENTS IN SPAIN?
You may know, if you live in Spain during less than 183 days per year, you are not considered fiscal resident in Spain. It means, you have no obligation to declare, except in these following cases:
- You have your own business.
- You own a property.
- You rent your property through a lease contract.
- You own a fixed deposit term, or investment funds that generates you interests and the retention was applied on it.
- You sale shares or equities.
- You sale your property generating a profitability.
- You transfer any real estate to third parties.
TYPES OF TAX DECLARATION IN SPAIN :
- Personal Income Tax.
- Wealth Tax.
- Inheritance and Gift Tax.
- Local Taxes.
TAX NON RESIDENTS INCOME TAX:
Applies to income obtained in Spain ( only spanish source) by NON RESIDENTS: business income, interests generated, dividends, sale of shares, real estate income…
For instance:
For the Year of return 2016.
Residents in EU, Iceland and Norway 19%.
Tax rate other taxpayers: 24%.
WEALTH TAX:
Non Residents are subject to the said tax declaration only for assets and rights located in Spain through a Form called 714 ( available on the tax office web site).
Rate: from 0.2%-2,5%
INHERITANCE & GIFT TAX:
Non Residents are taxed on Spanish -source income for the purposes of inheritance and gift Tax, Spain has double taxation treaties with Greece, France and Sweden.
Rate: from 7,65%-34%
LOCAL TAXES:
Also called, IBI ( Impuesto sobre Bienes Inmuebles) this tax is necessary to pay it, if you own a garage, property, storage room...etc. The sum is determined by the city where is located the real estate and should be paid every year.