The new Impatriates Law introduces several changes and precautions to consider. Firstly, the period during which a person can apply for this regime without having previously been a tax resident in Spain has been reduced from 10 to 5 years. This is advantageous for mobile workers, but it’s crucial to pay attention to the details.… Continue reading Tax advisor: News and Pitfalls of the New Beckham Law
Tag: Individual Income Tax
Tax advisor: High Fortunes in Spain: Wealth Map in 2022
86% of the 12,000 taxpayers of the Temporary Solidarity Tax on Large Fortunes reside in Madrid. Beyond its revenue-generating capacity, wealth taxes have always been useful for mapping the wealth within a territory. In this context, the new Temporary Solidarity Tax on Large Fortunes, which has collected 623 million euros, provides us with a map… Continue reading Tax advisor: High Fortunes in Spain: Wealth Map in 2022
Tax advisor: Work Retention Rates in 2023: Significant Changes and Substantial Reductions
In the fiscal revenue report for the month of July, it is observed that tax revenues reached 40.910 billion euros, representing a 4.3% increase compared to the same month in 2022. This increase is primarily attributed to the strong performance of salary and professional activity withholdings, which experienced a 10.4% growth in July and an… Continue reading Tax advisor: Work Retention Rates in 2023: Significant Changes and Substantial Reductions