Modelo 720/721 of the AEAT are required to report of all assets abroad and must be filed by all Spanish residents owning assets abroad, only if they are over the limits described below. What is Modelo 720 and 721? Modelo720 was approved on October 29, 2012, as part of...
U.S. Tax Treaties: Spain vs. Portugal The United States and Spain signed their first income tax treaty on February 22, 1990. This agreement, officially called The Convention Between the United States of America and the Kingdom of Spain for the Avoidance of Double...
Two New Team Members Join US Tax Consultants At US Tax Consultants, we’re excited to share some great news: our team is growing! We’ve recently welcomed two new professionals to our office: Luna and Yulia. This expansion is more than just a milestone for us, it’s a...
A U.S. expat residing in Spain who owns or participates in a U.S. LLC—whether it’s a sole proprietorship, partnership, or S-Corp—may be required to register as an autónomo (self-employed) in Spain due to several legal and tax reasons. Worldwide Taxation...
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