Its that time of year again when those who do not permanently live in Spain need to consider their tax position.
For those who own a property it is a requirement to complete a Non Resident Tax Return. Failure to do so will result in a fine.
For those who have never completed a tax return they may say well i haven't been fined so why bother. True. However, the different departments dealing with tax and ownership of properties are linking up and it won't be long before they catch up.
Please remember that Spain has no money. Collection of taxes that should be paid but hasn't is an easy option and one that it likely to be easy to identify.
For anyone owning a property in Spain but who is not a tax resident they should now prepare to complete their annual tax return. It must be submitted before 31st December each year.
If you require further information then please contact Costa Blanca Lawyers at www.costablancalawyers.com
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