Taxpayers with multiple sources of employment income may be exempt from filing income tax returns if the total income received from the first payer does not exceed €22,000 and the income from the second payer does not exceed €1,500 annually. All taxpayers are required to file Form 100 by July 1, 2024, regardless of whether they had one or… Continue reading The impact of having two payers on income tax filing
Tag: Tax Compliance
Tax advisor: The Tax Agency enhances communication with taxpayers: Simplification and personalized assistance
The Tax Agency is implementing a strategic plan (2020-2023) to simplify its language and enhance communication with taxpayers. These improvements aim to reduce administrative complexity and indirect burdens to promote voluntary compliance with tax obligations. Modifications have been made to eight communication models used in common documents, affecting over 3.7 million documents annually. The affected… Continue reading Tax advisor: The Tax Agency enhances communication with taxpayers: Simplification and personalized assistance
Tax advisor: Can I deduct expenses for books and school supplies on my taxes?
With the beginning of each academic period, the purchase of textbooks and school supplies is required. However, in some situations and depending on the autonomous community of residence, these education-related costs can result in tax benefits on your Income Tax return. In this post, we will focus solely on potential tax deductions related to expenses… Continue reading Tax advisor: Can I deduct expenses for books and school supplies on my taxes?
Tax advisor: The Beckham Law and its impact on taxation in Spain
The Beckham Law refers to a tax tool aimed at individuals who move their tax residence to Spanish soil due to engaging in labor activity. This system offers the opportunity to enjoy more advantageous taxation, allowing taxpayers to apply the regulations of the Non-Resident Income Tax (IRNR), even if they meet the requirements to be… Continue reading Tax advisor: The Beckham Law and its impact on taxation in Spain
Tax advisor: Clarification on How to Declare Cryptocurrencies
The General Tax Directorate, abbreviated as DGT, in its response to query V0018-23, provides an answer to one of the questions posed by a taxpayer regarding the tax treatment of cryptocurrencies. More precisely, the question raised is: What is the procedure for reporting gains and losses generated when you cannot access transaction details? According… Continue reading Tax advisor: Clarification on How to Declare Cryptocurrencies
