LawTalk
The importance of keeping your tax affairs in order
In recent years , the actions of Spain ’ s Tax Authority ( the “ Agencia Tributaria ” in Spanish , and referred to as “ AT ” from this point ) suggests an increased focus on fighting tax havens , searching for hidden assets and controlling international taxation . One of the common measures the AT has adopted is that of sending warning letters to individuals or companies who own Spanish property / ies .
Through the data provided by the tax agencies of other countries , banks and notaries , the AT is able to analyse taxpayers ’ behaviour and encourage , facilitate and , if necessary , enforce their compliance . The AT is able to access information on all international bank transfers , and places special emphasis on the largest amounts .
With respect to corporation tax and countries where corporation tax is not charged , such countries have a duty to inform the AT where the directors of companies ( resident in such countries ) reside , and provide information about the transactions such companies carry out .
As well as state taxes , it should be noted that there are a series of municipal taxes which must be paid to respective Town Halls , such as IBI , refuse collection tax , vehicle tax etc .
Every day , new notifications are received from the AT , to which it is necessary to respond . Failing to respond within the stipulated time frames will lead to fines , regardless of whether the allegations are correct or not . Any replies must generally be accompanied by supporting documentation which will often need to be translated and sometimes legalised . This can all be very time-consuming and costly . Hence , it is very important to be up to date with the AT and ensure that the AT has correct information and details , whether you are a tax resident in Spain or a non tax resident who owns property in Spain , and whether you are an individual or a company / director of a company with interests in Spain .
De Cotta Law has a team of professionals who can advise you on the taxes that must be paid in Spain .
For a confidential consultation tailored to your situation please contact Sam Baker , English solicitor at De Cotta Law : sambaker @ decottalaw . net / telephone 952 527 014 .
De Cotta Law ( De Cotta McKenna y Santafé ) Mijas-Costa / Calahonda – Coín – Nerja – Tenerife
Nerja Office : - Calle Diputación 11 , 29780 Nerja Tel : + 34 952 527 014 www . decottalaw . com - info @ decottalaw . net Our hours are 9am to 4:30pm Monday to Thursday ;
Fridays 9 am to 2 pm
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