New deduction for investments for non-residents who become IRPF taxpayers in the Autonomous Community of Madrid. The deduction will amount to 20% of the acquisition value of certain assets and will require maintaining the investment and residence for several years....
The Spanish Treasury has issued a statement to owners who have sold or are about to sell their homes, reminding them of the tax obligations they must comply with after the transaction. The sale of a property entails a series of taxes that sellers must pay. The...
The filing period for submitting Modelo 720 “informative declaration on assets and rights located abroad” for fiscal year 2023 is from January 1 to March 31, 2024. Modelo 721 for cryptos has the same filing period. Modelo 720 for assets abroad Taxpayers must report on...
With 2023 rapidly coming to a close, the Internal Revenue Service today encouraged taxpayers to review their tax withholding as soon as possible to avoid a potential surprise when they file their tax return next year. Although it’s best for taxpayers to verify...
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