Author: kris
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Sun, Sand, and… Spreadsheets?
Because nothing says “relaxing summer holiday” like a warm breeze, a cold drink, and the gentle whisper of your accounting software reminding you that quarterly VAT doesn’t care you’re at the beach. If you’ve ever tried to reconcile bank statements while wearing flip‑flops, or reviewed expense receipts with sunscreen‑covered fingers, this one’s for you. Why… Read more
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Filing Annual Accounts in Spain (Depósito de las Cuentas Anuales)
The depósito de las cuentas anuales is the mandatory annual filing of a company’s financial statements with the Spanish Registro Mercantil. Every SL, SA, and most other corporate entities must submit their accounts once per year to remain legally compliant and maintain full registry functionality. Why This Filing Matters Deadlines for Filing Annual Accounts The… Read more
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How to Declare Your Worldwide Assets When You Are a Tax Resident in Spain
Becoming a tax resident in Spain comes with a major shift in how your wealth is reported. Spain taxes residents on their worldwide income, and it also requires the declaration of worldwide assets through the well‑known (and sometimes feared) Modelo 720. If you’ve recently moved to Spain—or you’ve lived here for years but never understood… Read more
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Verifactu 2026: Key Updates Every Business Must Know (And How to Stay Compliant)
Spain’s digital invoicing landscape is changing fast, and Verifactu is at the center of it. With new regulatory updates rolling out in 2025–2026, businesses—especially freelancers, SMEs, and foreign companies operating in Spain—must prepare for a new era of real‑time invoice reporting. Whether you’re already using invoicing software or still issuing invoices manually, the latest changes… Read more
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How Startups in Spain (Sociedad Limitada) Can Reduce Their Tax Burden: Allowances, Incentives & Special Regimes
Launching a startup in Spain as a Sociedad Limitada (SL) offers more than just legal protection — it also opens the door to significant tax reductions and incentives designed to support early‑stage companies. Whether you’re a tech founder, freelancer incorporating for growth, or an international entrepreneur entering the Spanish market, understanding these benefits can dramatically… Read more
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Do I Need to Declare My Foreign Bank Accounts or Investments in Spain? A Complete Guide for Expats
If you live in Spain — or spend enough time here to become a tax resident — one of the first questions you’ll face is whether you must declare your foreign bank accounts, investments, or crypto holdings. The short answer is: yes, in many cases you do. Spain has strict reporting rules for overseas assets,… Read more
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Personal Income Tax in Spain: Rates, Allowances, and Key Deductions Explained
Spain’s personal income tax system — known as IRPF (Impuesto sobre la Renta de las Personas Físicas) — is progressive, meaning the tax rate increases as your income rises. Whether you are a resident, an expat, or someone planning to move to Spain, understanding how IRPF works can help you optimise your tax bill and… Read more
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Why You Should File La Renta Before 25 June — And Not Wait Until the Last Day
Every year, thousands of taxpayers in Spain wait until the very last moment to file their income tax return (la Renta). While it may seem harmless to delay, submitting your return before 25 June can save you time, money, and unnecessary stress. This date is especially important if your return results in an amount to… Read more
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Global Income Tax in Spain: What Non‑Residents Must Know Before Moving
Moving to Spain is exciting—sunshine, lifestyle, culture, and a slower pace of life. But before packing your bags, there’s one topic every future expat must understand clearly: how Spain taxes your global income. Spain’s tax system is residency‑based, which means your tax obligations depend on whether Spain considers you a tax resident or a non‑resident.… Read more
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Can You Pay Your Spanish Renta in Instalments? What Happens If You Can’t Pay Right Now?
If you’re preparing your annual Spanish income tax return (la Renta) and worrying about how to pay it, you’re definitely not alone. Many taxpayers in Spain face the same question every year: Can I pay in instalments? And what if I simply can’t pay right now? Let’s break it down clearly, calmly, and with all… Read more