TweetQ. How much IRPF and IVA should I be paying as a freelance worker in Spain? A. The IRPF (Impuesto sobre la Renta de las Personas Fisicas) is a progressive, direct income tax which is paid by your client as a withholding tax directly to the Spanish tax office (find out more here). Currently, freelance workers […]
Modernisation of Spain’s VAT tax reporting system
TweetHacienda have announced a new administrative system the Suministro Inmediato de Información (SII) or “Immediate supply of information” for facilitating the reporting of tax information from invoices for certain taxpayers. Effective from 1st January 2017, the new system will enable taxpayers to supply VAT (IVA) information from issued or received invoices within a four day time […]
VAT on Art transactions in Spain slashed to 10%
TweetGallery owners, artists and collectors alike will still be positively buzzing with news that Spain has reduced the VAT (IVA) on direct art purchases from the controversial 21% down to 10% at the end of January. With an aim to stimulate the cultural industry, defend Spanish art from a shaky economy, and edge closer to […]