The 2023 Personal Income Tax (IRPF 2023) return campaign started yesterday, 3 April, and will be open for filing until 1 July. In this article, we are going to resolve the main questions about what income is taxed by IRPF and also what the percentage of income to be paid for this tax is, which… Continue reading Tax brackets for the 2023 personal income tax return
Category: B Law & Tax
Advantages and disadvantages of filing the Income Tax return jointly
At the beginning of the period for filing the Personal Income Tax (IRPF) return, it is common for couples to consider whether it is more beneficial to opt for joint or individual filing. While joint filing can bring advantages in various cases, its convenience is not always evident. This article analyzes when it may be advantageous to file jointly… Continue reading Advantages and disadvantages of filing the Income Tax return jointly
Will the NON-DOM regime in the UK come to an end? What are the alternatives?
During the presentation of the national Budget last Wednesday, the UK Chancellor of the Exchequer announced the abolition of the “Non-Domiciled” tax regime, a feature of the UK tax system with more than two centuries of history, from 6 April 2025. In this article we will analyse the consequences of the possible end of this special tax… Continue reading Will the NON-DOM regime in the UK come to an end? What are the alternatives?
Forthcoming reforms to the UK non-dom regime
The UK non-dom regime is a tax regime characterised by the absence of taxation of income received from abroad, except for income remitted to the UK, whereby capital gains arising in the UK are taxed exclusively for a period of seven years. In recent months, the debate on a possible reform of this attractive tax regime has… Continue reading Forthcoming reforms to the UK non-dom regime
Announcement for the 2023 Income Tax Campaign
It is hereby informed that the Personal Income Tax (IRPF) declaration campaign for the fiscal year 2023 has been officially launched. From April 3rd to July 1st, 2024, taxpayers in Spain are obligated to file their Income Tax returns. It is relevant to note that the Tax Agency has introduced changes to the IRPF for the fiscal… Continue reading Announcement for the 2023 Income Tax Campaign
The recent Royal Decree on foreign investments in Spain has been approved
The new Royal Decree 571/2023, approved on 4 July 2023 and published on 5 July 2023, established provisions regarding foreign investments that came into force on 1 September 2023. Its main purpose is to extend and clarify the regulations concerning foreign investments, in accordance with Law 19/2003 of 4 July 2003 on the legal regime… Continue reading The recent Royal Decree on foreign investments in Spain has been approved
Beckham Law: who can apply for it?
The name of this law may be familiar to us, as it is somewhat associated with the former British footballer. This is because this player was one of the first to benefit from this legislation, which is aimed at foreigners who wish to move their residence to Spain for work purposes. Therefore, the affected person… Continue reading Beckham Law: who can apply for it?
Beckham Law: Encouraging Foreign Investment and Talent in Spain
The Beckham Law, popularly referred to as such in reference to the English footballer David Beckham, who was one of the first beneficiaries of this regime, constitutes a tax provision in Spain conceived with the purpose of incentivizing the attraction of talent and foreign capital to the country. Initially associated with elite athletes, the application… Continue reading Beckham Law: Encouraging Foreign Investment and Talent in Spain
The Spanish Tax Office mitigates tax impact on expatriate workers returning to Spain
The Ministry of Finance has introduced measures to mitigate the tax impact on the return or arrival of expatriate professionals to Spain in the second half of the year. This action aims to put an end to the double taxation faced by workers who change residence to settle in Spain on a long-term basis. Previously,… Continue reading The Spanish Tax Office mitigates tax impact on expatriate workers returning to Spain
Important Changes in UK Tax Legislation Announced in the Spring Budget
The recent announcement by the Chancellor in the context of the spring budget has marked a significant milestone in the field of international taxation in the UK, with substantial changes to the rules regarding tax domicile. This change, seemingly stemming from policies proposed by the Labour Party, constitutes a long-debated revision regarding the tax domicile… Continue reading Important Changes in UK Tax Legislation Announced in the Spring Budget