From IberianTax, specialists in income tax management for non-residents, they report on the introduction of two legislative changes in Spain that promise to significantly simplify taxation for non-resident and expatriate owners. These reforms, which come into force in February 2024, affect both the declaration of rental income and the tax payment method, offering more agile and less bureaucratic management.

Madrid, February 19, 2024.- This month of February marks the implementation of two significant changes in the Spanish tax system, aimed especially at non-resident and expatriate owners. These updates, focused on the declaration and payment of income tax for non-residents (Form 210), simplify procedures and reduce administrative burdens, showing progress in the accessibility of the tax system for this group. Simplification in the declaration of income by Rental: The new regulations allow non-resident landlords to report rental income annually instead of quarterly. Implemented through Order HAC/56/2024, this measure comes into force for the 2024 tax year, establishing the declaration period from January 1 to 20, 2025. For example, a resident in the United Kingdom who rents his property in Spain throughout the year, you will go from making four quarterly declarations to a single annual declaration, significantly simplifying your tax management. Facilitation in the payment of taxes through SEPA accounts: this reform, approved by Order HFP/387/2023 and which has entered into Effective from February 2024, it allows non-residents to use SEPA bank accounts to pay their taxes in Spain. This update eliminates the obligation to have a Spanish bank account to domiciliate the payment of Non-Resident Income Tax, providing greater convenience and flexibility to owners throughout Europe. IberianTax, as a reference in tax management for non-residents, sees these updates as a step forward to facilitate the tax experience of its users. "These changes are a notable improvement for non-resident owners, who now face a simpler and less tedious process. In some cases the formal burden is reduced by 75%," explained the CEO of IberianTax. These reforms not only They optimize property management and tax obligations for non-residents and expatriates, but also contribute to a more welcoming image of Spain for international investment and residence. Spain is committed to offering a more understandable and accessible tax environment, favoring investment and international mobility.

Contact Contact name: Antonio Ibarra Contact description: CEO Contact phone: 671062665