Tax advisor: Variables in the Personal Income Tax return according to family situation

As it is usual, there are a series of variables in the Personal Income Tax return according to the family situation. The citizen must know them in order to know which new regulations can be applied in order to benefit from certain deductions. Main family deductions – For maternity, for those mothers in labor situation… Continue reading Tax advisor: Variables in the Personal Income Tax return according to family situation

Tax advisor: Form 511 and delivery notes for diesel oil at reduced rates

The Tax Agency has published Form 511, for the telematic filing of delivery notes of diesel oil at reduced rate that have been issued through the en route sales procedure, within the scope of Excise Duties. The modification, in turn, is contained in Royal Decree 1075/2017. It specifies that final consumers of subsidized diesel will… Continue reading Tax advisor: Form 511 and delivery notes for diesel oil at reduced rates

Tax advisor: Reduce taxation with investment losses in the 2022 Personal Income Tax return

In the following lines we will explain how to pay less to Hacienda with investment losses in the 2022 tax return. Last year’s data show that both European equity and fixed income funds lost between 8 and 10%. However, this bad data may serve to offset this year’s tax bill from investments, both in the… Continue reading Tax advisor: Reduce taxation with investment losses in the 2022 Personal Income Tax return

Tax Advisor: How to file Form 720 in 2023

The Model 720 is an informative form of the Spanish Tax Agency and serves to report on the different types of financial assets, whether investments, properties or bank accounts held outside Spain. With this Model 720 the objective is to prevent tax evasion and to have assured for companies and individuals the information of all… Continue reading Tax Advisor: How to file Form 720 in 2023