What you should know if you are non-residence in Spain. Or are you?
The reason why a person or an entity must pay taxes in Spain is determined according to whether they are resident or not in this country, regardless of their nationality, whether they are foreigners or not. The difference is that residents present Personal Income Tax (IRPF) in Spain, and non-residents do not, so they must do so in their respective countries of residence, and only declare the Income Tax Non-residents when the circumstances prescribed in the Law are met.
A natural person is resident in Spanish territory when any of the following circumstances occurs:
- That it remains more than 183 days, during the calendar year, in Spanish territory.
- That the main nucleus or basis of its economic activities or interests be located in Spain directly or indirectly.
- That the spouse and minor children who depend on this natural person habitually reside in Spain. This third assumption admits evidence to the contrary.
On the contrary, a natural person will be considered as non-resident in Spain when none of the above requirements are met. In this case, they will have to present their Non-Resident Income Tax return when they obtain income in Spanish territory, as in the following cases:
- Receive a pension from a Spanish entity, work or receive a salary from an entity in Spain.
- Interest and dividends on shares, funds or bank accounts, as well as Company benefits.
- Owning a property, whether it is rented or not.
Many foreigners not resident in Spain do not know that the fact of having a property in Spanish territory is already a taxable event for which it is necessary to present and settle the Non-Resident Income Tax, and the amount if it is not leased, will be 24 , 75% of the 1.1% of the cadastral value of the property.
WHO WE ARE
Fiscalea is an administrative and financial services firm founded in 2016. We offer financial, legal and strategic consulting services to companies, individuals and self-employees guaranteeing a high quality, independent and confidential service.
Founding partner of Fiscalea, PDD by IESE in 2013, Bachelor of Business from University of Valladolid (Spain). Also studied Business at Liverpool John Moores University in 2002.He began his professional career at Deloitte and has been financial director at different multinationals. Since 2016 he has started as an entrepreneur in Fiscalea, standing out as an expert in finance, administration, taxation and business management always with a global vision.
We work to solve and improve your personal situation.
Declaration of annual rent, advice on buying/selling, hiring of lawyers or relation with public administration.
We work with non-residents all over the world.
Consult your case with us and we will find the faster and more efficiently way to solve it.
- Non resident Taxes
- Accounting
- Formal obligations
- Relation with Spanish authorities (Tax Agency, Social Security, Suma, Spanish Agency data protection, etc.)
- Answer to requirements
- Preparation of payrolls, contracts
- Ups and downs with Social Security, Tax Agency
- Non resident management
- Dealing with lawyers
- Audit
- Access to finance, bank enrolment and negotiation.
- Insurances, house, life car health.
In short, we manage any process related to your life, business, either freelance or company.
At Fiscalea we are collegiate economists so for your convenience we have access agreements with our own digital signature to work on your behalf.
Consulting:
- Business development: if your business is already working we can study in detail and with a global and independent vision in order to get a better efficiency and to achieve goals proposed.
Quite often daily routine does not allow us to think carefully about vision and mission defined. It’s always a perfect moment to perform such analysis. - Business plan: we help you to prepare a detailed business plan for your start up or even if it’s already rolling.
- Budget control: a good balance between income and expenses, and also on treasury, is in most cases a great challenge. Fiscalea helps you to define your best practices and key performance indicators (KPIs) to take perfect control on your business
More than 15 years of experience in the world of consulting support us, make us a consultation and we will find a solution.
Advisor:
- Fiscal, taxes: we advise compliance with tax obligations with all the Spanish public administrations.
- Labor: we advise all areas of professional life, such as employees, relation self-employee-enterprise and any other assessment related to compensations, dismissals, etc.
- Trading: we advise your existing business and also analyze the best way to create a new company. Mergers, valuations and new partners on business.
Freelance:
At Fiscalea we are well aware of the many needs that exist in the day to day within the limitation of resources.
Choosing a suitable partner who manages your business roles is key. At Fiscalea we have the qualification and the necessary momentum: we are involved from the first day maintaining same level for future.
Business:
Our business experience gives us a complete overview of all functional areas of the company.
We offer solution in a specific department such as: administration, finance, tax, labor, legal, technological (IT), or all of them together.
If you are thinking of expending your business to another location and/or company, or if it’s a restructuring Fiscalea is your right partner.
We grant flexibility and dedication, adapting to your needs.