The Spanish tax system is complicated and filing your income tax return in Palma can be a big challenge for expats and foreigners. There are exemptions and also double taxation agreements that can benefit non-Spaniards living in Palma de Mallorca. You must consider using an accountant in Palma to file your taxes because you can increase your tax refund significantly or at least save money.
Who must file a yearly tax return?
If you have been living in Spain for 183 days or more in a year, you are considered a taxpayer in Spain. Therefore you must submit a yearly Spanish tax return.
You need to present a Spanish tax return if you make more than €22.000 a year from a single source. If you receive income from more than one source, you must submit a Spanish tax return if you make more than €12.000. The situation is similar when you obtain benefit from a foreign source, even if it is less than €22.000.
You will need to register to pay tax in Spain with the Agencia Tributaria, the Spanish tax authority, whether you are a resident or non-resident. You will need your NIE number, which you can get through the local Foreigner’s Office (Oficina de Extranjeros) within 30 days of arrival in Spain. Here you can find a guide about how you can get your NIE in Palma.
When is the deadline for filing the income tax return?
The general filing deadline is June 30th, however, if there is tax payable and you wish to pay by direct debit from your bank account, then your return must be filed before June 25th.
Double taxation agreements
If you obtaining benefits or earnings in a country that is not your country of origin, you may need to pay taxes in both countries. To avoid these situations, many countries have signed bilateral double taxation agreements.
Do you Need an Accountant to File your tax return?
This is a difficult question to answer because it really depends on your situation. Many people find that they save money by going to an accountant each year because their tax refund increases significantly. You need to consider how complicated your situation is. If you are self-employed, then you may consider using an accountant in Palma.
How can you file your own income tax return?
If you have a digital certificate or electronic ID, you will be able to access the draft or return processing service, Renta WEB, to generate your tax return with the data held by the Tax Agency, modify it or make a supplementary return, if necessary.
Once you are logged in you will be informed of the “possible existence of differences between the data registered in the last statement and existing data in the system,” so you will have to validate the data identified.
The Spanish tax system is complicated and filing your income tax return in Palma can be a big challenge for expats and foreigners. There are exemptions and also double taxation agreements that can benefit non-Spaniards living in Palma de Mallorca. You must consider using an accountant in Palma to file your taxes because you can increase your tax refund significantly or at least save money.
Who must file a yearly tax return?
If you have been living in Spain for 183 days or more in a year, you are considered a taxpayer in Spain. Therefore you must submit a yearly Spanish tax return.
You need to present a Spanish tax return if you make more than €22.000 a year from a single source. If you receive income from more than one source, you must submit a Spanish tax return if you make more than €12.000. The situation is similar when you obtain benefit from a foreign source, even if it is less than €22.000.
You will need to register to pay tax in Spain with the Agencia Tributaria, the Spanish tax authority, whether you are a resident or non-resident. You will need your NIE number, which you can get through the local Foreigner’s Office (Oficina de Extranjeros) within 30 days of arrival in Spain. Here you can find a guide about how you can get your NIE in Palma.
When is the deadline for filing the income tax return?
The general filing deadline is June 30th, however, if there is tax payable and you wish to pay by direct debit from your bank account, then your return must be filed before June 25th.
Double taxation agreements
If you obtaining benefits or earnings in a country that is not your country of origin, you may need to pay taxes in both countries. To avoid these situations, many countries have signed bilateral double taxation agreements.
Do you Need an Accountant to File your tax return?
This is a difficult question to answer because it really depends on your situation. Many people find that they save money by going to an accountant each year because their tax refund increases significantly. You need to consider how complicated your situation is. If you are self-employed, then you may consider using an accountant in Palma.
How can you file your own income tax return?
If you have a digital certificate or electronic ID, you will be able to access the draft or return processing service, Renta WEB, to generate your tax return with the data held by the Tax Agency, modify it or make a supplementary return, if necessary.
Once you are logged in you will be informed of the “possible existence of differences between the data registered in the last statement and existing data in the system,” so you will have to validate the data identified.
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