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New Taxation System for Non-Residents in Spain 2024

As of January 1st, 2024, a new system for taxing non-residents in Spain came into effect. This system introduces some significant changes to how these taxpayers declare and pay their taxes. Here’s a breakdown of the key changes:

1. Simpler Rental Income Declaration:

Non-resident landlords can now declare their rental income annually instead of quarterly.

2. Easier Tax Payments with SEPA Accounts:

Non-residents can now use SEPA bank accounts to pay their taxes in Spain.
This simplifies the payment process and removes the need for alternative methods like international transfers.

3. Other Updates:

New rules apply to how capital gains from property sales are taxed for non-residents.
There are also changes to how income from investment funds and pension plans is taxed.

Important Note: These are just some of the major changes introduced for non-resident taxation in Spain (2024). It’s highly recommended that all non-residents consult with a tax advisor for more detailed and personalized information on how these changes might affect them.

If you need more information and profesional help, please contact us and we will help you.

Additional Resources:

Spanish Tax Agency: https://sede.agenciatributaria.gob.es/Sede/en_gb/no-residentes.html (Spanish)
Spanish Official Gazette (BOE): https://www.reuters.com/world/europe/spanish-government-optimistic-about-budget-deal-redesign-windfall-tax-2024-03-12/ (Spanish)

Disclaimer: This blog post is for informational purposes only and should not be considered professional tax advice. Always consult with a qualified tax advisor for a personalized analysis of your situation.

New Taxation System for Non-Residents in Spain 2024
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