Residence According to Spanish law any company incorporated in Spain, with a registered office in Spain or its effective management in Spain, is resident in Spain and subject to Spanish tax. Resident companies are charged corporation tax on worldwide profits and capital gains. Non-resident companies are taxed on their Spanish-source income and gains, according to the… Read more »
Posts By: Rafael Guerrero
Spanish VAT (IVA)
Value Added Tax (IVA): This tax is applicable to any taxable supply of goods or services made in Spain by a taxable person as part of their business. It is not restricted to the provision of goods and services by way of sale but also applies to other forms of transaction. For VAT purposes, the… Read more »
Council Tax in Spain
What is IBI? IBI is a local tax levied annually on the ownership of rural or urban real estate properties. The tax is based on assessed property values known as the cadastral value (valor catastral). It is payable to the local council to cover its expenses such as maintenance of local facilities and all manner… Read more »