Transfer of Assets Tax in Spain (ITP) is paid when a person acquires property. It is payable to the Autonomous Community where the property is located. Each Autonomous Community sets their own tax rates and provides fiscal valuations for property, but the actual property value can be declared.
Spain´s strong property market makes it a good destination for property investors and expatriates. There are a series of steps to be taken when buying property in Spain as a foreigner as well as several costs associated with property purchases which merit consideration.
Cloud Computing Taxation: Cloud Computing refers to internet transactions hosted by a network of remote servers, in contrast with transactions managed by a local server or personal computer.
Services provided to a non-profit organisation not registered for tax purposes in its home country, owing to its not being required to do so, are deemed to be within the area subject to Spanish taxation.
Form 349 is a disclosure statement in which both natural persons and companies are required to provide details of intra-community transactions in Spain during the corresponding period.
Property owners in Spain – who are not residents – are also taxed and must, therefore, declare the income obtained in Spanish territory by means of Tax Form 210. Non-resident income tax (IRNR).