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Find out if you have to file Income Tax returns in Spain for earnings in 2021, and when the deadline is
Key dates for filing your Income Tax Return for the tax year 2021
- From Wednesday April 6 until June 30, 2022, you can file your tax returns online, via the Tax Agency website.
- From May 5 to June 30, 2022, you will be able to file your tax returns by telephone on +34 915 548 770 or +34 901 335 533
- From Thursday May 26, it will be possible to make an appointment in person, which will be given between Thursday May 26 until June 29 at the Tax Agency offices.
- On Monday June 27, three days before the deadline, you will be able to file your tax return with a direct debit.
- The deadline for filing income tax returns will end on Thursday June 30. As of July 1, you will no longer be able to file your tax returns in Spain.
What’s new in the Spanish Income Tax Return for 2022?
- In October 2021, a Royal Decree-Law was passed to help those affected by the eruption of the volcano on La Palma and which stipulates exemption from personal income tax.
- Anyone with an incomes of more than 200,000 and 300,000 euros will see an increase in their personal income tax bracket by three and two points, respectively.
- There will be deductions for individual private pension plans, which will be reduced to a maximum of 2,000 euros, while company plans will have their limit raised to 8,000 euros. In both cases, the maximum reduction cannot exceed 10,000 euros.
- A 1% increase in Wealth Tax for those assets exceeding 10 million euros, up to a rate of 3.5%.
- In addition, the Tax Agency will be keeping an eye on cryptocurrencies from this year onwards, as from July 2021 it will be compulsory to report this type of operation. Therefore, it must be reflected in the income tax return whenever the income exceeds 1,000 euros, whether in Spain or abroad.
Who has to file their Income Tax returns in Spain 2022?
- Those who have received 22,000 euros per year or more.
- Those who have more than one payer in 2021. In this way, the limit is reduced to 14,000 euros if the amount received by the second and subsequent payers exceeds 1,500 euros.
- People who are in ERE and ERTE will have to present the IRPF as they will be considered another payer apart from their company.
- Those who have sold shares.
- Those who have sold or rented out a property during 2021.
- Those who have received subsidies or aid.
- Those who have capital gains and losses.
- Those taxpayers who are entitled to apply: the transitional regime of the deduction for investment in main residence, the deduction for double international taxation and the deduction for savings-business account are also obliged to file their tax returns.
Who is exempt from filing a tax return in Spain?
- All those who have received less than 22,000 euros in earned income and have only one payer are not obliged to file their Spanish income tax. However, it is advisable to do so in order to recover your withholdings.
- If you have two or more payers (and the second is more than 1,500 euros), the limit is 14,000 euros.
- If you have earned less than 1,600 euros from your investments or current accounts, you do not have to file a tax return.
- If you have earned less than 1,000 euros from capital gains
PALS Solicitor for the most trusted tax, conveyancing and inheritance advice in the Costa Cálida
Multi-lingual staff provide help for both residents and non-residents at the offices in Puerto de Mazarrón and La Manga
With over 20 years of experience in helping both residents and non-residents in the Costa Cálida with all of their conveyancing, tax, inheritance and family law needs, the team at PALS Solicitor have become one of the most trusted and reliable in the Region of Murcia.
The multi-lingual staff at the offices in Puerto de Mazarrón and La Manga del Mar Menor bring a wealth of knowledge and the wisdom which can only be gained through years of experience to the task of assisting you in a precise, efficient, measured and friendly manner, whether it is in managing your tax burden, completing the sale or purchase of a property, ensuring that you have a valid will to cover your assets in Spain or any other of the numerous obstacles and hurdles that living in Spain sometimes seems to entail.
The vision of PALS (Professional and Legal Solutions) is to offer the most inclusive tax and law services in Murcia, always providing clear and affordable advice in order to take the hassle out of what could otherwise be daunting paperwork and bureaucracy. The languages spoken by the experts at PALS include not only Spanish and English but also French, German, Dutch and Swedish, making them accessible to the vast majority of non-Spaniards with interests in the Costa Cálida.
The main services offered include the following:
Property law and conveyancing
PALS have dealt with countless property sales and purchases over the years, but their services regarding property are not limited to the conveyancing side. They can also help in finding the right property, arranging finance‚ securing an NIE number, opening a Spanish bank account, ensuring Due Diligence, overcoming the potential difficulties after Brexit (such as the requirement for British nationals to obtain a military permit if buying certain properties in the Costa Cálida!) and even helping to organize repairs and refurbishments once the property is yours!
And in completing transactions, PALS accompany you to the notary to check the deeds before signing, make all the arrangements for tax obligations to be correctly met, and register the deeds with Land Registry.
The team also have experience in dealing with the controversial mortgage rate “floor clauses” which were included in many loan conditions in the past, protecting clients’ interests against lending banks.
In addition, if you plan to rent out your Spanish home it is vital to make sure you do so legally, and again PALS can help you to put everything in place quickly, easily and with the minimum hassle.
Tax and Accounting
Taxation in Spain can be a complex topic, and at a time when the current Spanish tax system is regularly subject to review on issues surrounding Brexit, globalisation, and even the popularity of cryptocurrency, it is especially important to make sure that your affairs are up to date with the latest requirements.
PALS will take care of all the legalities regarding fiscal residence in Spain, legal tax obligations for both residents and non-residents and property taxes, guaranteeing that tax declarations are filed on time and no surcharges or other unpleasant surprises are incurred.
Inheritance and Wills
Arranging a will and inheritance for your estate in Spain is of the utmost importance, but many people fail to make proper provision for the distribution of their assets.
At PALS, making a will could not be easier: simply explain your preferences to the staff and they will produce the necessary document – in two languages if required – leaving you with nothing more to do except sign it before a notary.
Power of Attorney Service/Representation
If you plan to be absent from Spain for long periods, of if you simply want to do away with much of the stress of buying and owning property in Spain, why not let PALS help you?
Many clients take advantage of PALS’ "Power of Attorney," allowing them represent their interests.
Other legal advice
PALS also provide a wide variety of legal, accounting, fiscal and labour relation services including but not limited to General Contracting, Family Law, Evictions, Traffic Matters and Monetary Claims.
All of the above services are tailored to the needs of each individual client: contact PALS now and make an appointment to discuss how they can help you to enjoy your property and your life in Spain!
| Main office : Avda. Doctor Meca, 107 Local 3 Puerto de Mazarrón Murcia 30860 - España E-mail: info-mazarron@palsolicitor.com Direct Line (00 34) 968 595 826 Fax (00 34) 968 595 827 |
Second Office : Gran Vía, MM, 49 (OPPOSITE Exit 12) 30380 La Manga
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