Taxes for USA citizens

Tax warnings for Americans coming to Spain

Table of contentsHow will I determine if I need to pay taxes in Spain once moving?Requirements for paying taxes in SpainIncome Tax bracketsSTATE TABLECATALONIA TABLEIndependent ServicesSpanish Taxes on PensionsPublic pensionPrivate PensionInterests in SpainCapital GainsExceptions for Capital GainsDividendsIncome from real estateWealth TaxHow can Lexidy Help? Once moving to Spain, you may be surprised at some of the differences in the ways…
Investment in Cryptocurrency in Spain

Tax on Cryptocurrency in Spain: everything you need to know.

There has been going for the last years, ongoing activity in the cryptocurrency business in Spain. However, as it usually happens, governments and regulations are many steps behind the market. Cryptocurrencies taxation is not an exemption. More than two years ago, we wrote about cryptocurrency taxation, and a lot has happened since then. In this post, we will clarify all…
Form 720

Form 720 in Spain: 10+ questions answered (2021 Update)

You may have heard that if you are a Spanish Tax Resident, you have the obligation to inform the assets you may have abroad if their value is over 50.000 Euros. That is correct! If you find yourself wondering the specifics, please let us explain to you a bit more on the 720 Form. Table of Contents What is 720 form?…
Property Tax in Spain for non-residents: answers to distressing questions.

Property Tax in Spain for non-residents: answers to distressing questions.

Property tax in Spain is a compulsory contribution to the state taxation system. It has to be quite clear that each person visiting or residing in Spain with the intent of buying property has to pay a fiscal quota. In general, it depends on the price of the selected property and the days the owner spent in Spain. Due to…
Barcelona Office

Quarantine in Spain will be taken into account for Spanish tax residency

A guide to Inheritance and Tax in Spain

A guide to Inheritance and Tax in Spain

The inheritance regime according to the Spanish Civil Code and the inheritance tax Inheritance refers to the set of assets, rights and obligations that a person leaves behind when they die. In Spain, there are different laws that apply to the inheritance of a person. On the one hand, there is the national, Spanish civil code and on the other…
THE IMPORTANCE OF UNDERSTANDING SPANISH TAX DURING COVID-19

THE IMPORTANCE OF UNDERSTANDING SPANISH TAX DURING COVID-19

Why is it important to understand if the taxpayer will be deemed as a Spanish Tax Resident or not? Spanish Tax Residents must pay taxes on their worldwide income. Employment income and property income (rental income and sole ownership income) will be taxed at a progressive rate which can go up to a 48%, depending on the autonomous community. Progressive…
CAN COVID-19 MAKE ME A SPANISH TAX RESIDENT?

CAN COVID-19 MAKE ME A SPANISH TAX RESIDENT?

Could COVID-19 make you a Spanish Tax payer resident? This is the question that can be asked by someone who, as a result of the COVID-19, has had to temporarily change their residence, with no final date in sight, either because they have been confined or are obliged to respect a quarantine in their place of vacation, or because they…
tax coronavirus

Special Measures Regarding Tax Matters Due to Covid 19

Recently, the outbreak of COVID-19 took a drastic turn, which has led to a huge change of our everyday lives. Today in Spain, where possible, the Spanish workforce is working from home, affecting markets at every level. In view of the severe situation, the government is currently leaning towards special measures not only in health matters but also in economic…
tax season spain 2020

What you should know for Spanish tax season 2020

As you already know, Spanish Tax Season starts on April 1st.  We know that being abroad is not always easy regarding the tax obligations. However, we are going to help you to understand if you have the obligation of filing in a tax return, and what do you have to include on it.  WHO HAS TO FILE IN A TAX…