Category: Fiscal law
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The 3% withholding in property sales when the seller is non-resident
In Spain, non-resident property sellers must adhere to a mandatory 3% withholding on the sale price, which the buyer retains and submits to the Tax Authorities. This serves as an advance on the capital gains tax, addressing the risk that sellers may leave Spain with the proceeds. Although it burdens the seller, the payment responsibility…
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Benefit of Inventory in Spain: what it is and when it makes sense to accept an inheritance?
What is accepting an inheritance with benefit of inventory in Spain and when is it convenient?
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Where should you pay tax on an international inheritance?
If an inheritance has elements in different countries, one of the most common questions is: Where should I pay tax on the inheritance? Spanish law does provide answers, but they are not always intuitive. Many problems arise from applying the wrong criteria without looking at what the law actually says. The first thing you need…
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Non-resident income tax for companies
With and without permanent establishment Non-resident income tax (IRNR) is not only a tax payable by individuals who are not resident in Spain, but also by companies. The basis is similar: only if a company has economic interests in Spain – i.e. receives income in Spain – will it be subject to filing and paying…