If you have the chance to find work abroad, and you are offered the opportunity to move temporarily outside Spain, or to provide training for a branch of your company in another country, you may find yourself in a situation where you have the opportunity to work abroad. If this is your case, pay attention… Continue reading The article 7p personal income tax exemption: a complete guide
Tag: foreign
Renta 2023 Campaign: New tax incentives in the Community of Madrid to attract foreign investment
The Renta 2024 in Madrid starts with innovative measures and a new personal income tax deflation, while progress is being made in the processing of a personal income tax deduction to attract foreign investment. Although we have already known about the personal income tax deflation in Madrid for months, progress is now being made on… Continue reading Renta 2023 Campaign: New tax incentives in the Community of Madrid to attract foreign investment
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
Tax advisor: Tributes highlights the location of taxation for monetary gifts from abroad
In binding consultation V1903-23, issued on June 30, 2023, the Directorate General of Taxes clarifies to a resident whether he should be taxed in Spain for Inheritance and Gift Tax when receiving a monetary donation from abroad. In this case, a son received a monetary donation from his mother from Argentina, proceeds from the sale… Continue reading Tax advisor: Tributes highlights the location of taxation for monetary gifts from abroad
Tax Advisor: Assets abroad do not exempt you from paying taxes in Spain
Owning assets abroad does not make you exempt from your tax obligations. It is necessary to know which of these possessions must be declared and how to do it. In the first quarter of the year it is necessary to submit Form 720 specifying the assets located abroad. It is an informative form so that… Continue reading Tax Advisor: Assets abroad do not exempt you from paying taxes in Spain
