1. âť“ What Is Modelo 720? Modelo 720 is a mandatory declaration for Spanish tax residents who own foreign assets worth more than €50,000 in total. It is an informative return — meaning you don’t pay tax directly when filing, but failure to file can result in major penalties. 2. 🧠Who Must File Modelo […]
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1. 💡 What Is VAT (IVA) in Spain? IVA (Impuesto sobre el Valor Añadido) is Spain’s version of Value Added Tax (VAT) — a tax on goods and services. It is applied at each step of the business cycle and must be: Collected from clients Declared to the Spanish Tax Agency Paid quarterly by businesses
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1. 🏛️ What Is Corporate Tax in Spain? Corporate Tax (Impuesto de Sociedades) is a tax levied on the profits of companies based in Spain. If you run a business in Barcelona through a Spanish SL (Sociedad Limitada) or other structure, this tax applies. Foreigners who set up or invest in local companies are fully
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1. 🇪🇸 What Is the Beckham Law? The Beckham Law is a Spanish tax regime for foreigners who move to Spain for work. Officially known as the Special Regime for Workers Posted to Spain, it allows you to: Be taxed only on Spanish income Pay a flat rate of 24% up to €600,000 Avoid tax
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1. 🧑‍💻 Who Counts as a Freelancer (Autónomo) in Spain? If you work for yourself in Barcelona — offering services, consulting, or digital work — you’re considered an autónomo. Common examples include: Designers, developers, consultants Language teachers or tutors Remote workers billing foreign clients Airbnb managers or short-term rental hosts If you regularly invoice clients,
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