Late for your non resident income tax assessment 2012? Immediate reaction required.

This message is for those of you non resident owners of property in Spain that have omitted to present your non resident 2012 income tax assessment for the use of the own property. This assessment should have been presented before the 31^st of December 2013.

You need to react and proceed immediately with the presentation of same. At this stage you can still pay the tax with only a 5 % surcharge.  If you wait   the surcharges can go up to 20 % and there could be additional fines and legal interest to be paid.

Therefore if you react forthwith you can still minimise the costs. The statutory period for payment has elapsed and this cannot be changed but you can try and reduce extra unnecessary costs to a minimum if you rectify the situation immediately.

We are prepared to charge you the fees as per our welcome package which in this case will also include the receipt and reply of notifications from the tax office which will come up due to late presentation of the assessment.

For more information or an appointment please contact us on (0034) 952 822 321 or admin@nonresidenttaxesinspain.com. 

Web: www.nonresidenttaxesinspain.com

Implications of being Spanish tax resident.

If you are tax resident in Spain you will have to pay tax on your worldwide income in Spain (Income tax) and your worldwide assets (wealth tax), i.e.  not only for the income and assets located in Spain as applicable to non – residents. Also the   periods for the presentation of the tax assessments vary; residents must present declarations in June and May each year for the past fiscal exercise.

Also since 2012 any resident has to present an informative tax declaration (Modelo 720)  with detailed information about assets located abroad.  This information will be compared by the tax office with that declared in the annual wealth and income tax declarations to check that no information    has been omitted   and the tax paid has been worked out correctly.

For more information or an appointment please contact us on (0034) 952 822 321 or admin@nonresidenttaxesinspain.com. 
Web: www.nonresidenttaxesinspain.com