Re: Re: VAT 10 % on new propertys?

#113550

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Participant

The new anti fraud laws applies to anyone who lives in Spain more than three months of the year or is registered in business.
Fiscal residency obliges you to declare your world wide income. These heavy fines provided for in these new laws apply also if it can be proved you live in Spain but do not register for residency.

The fact is Spain is tightening up on previously relaxed attitude to foreigners who don’t abide by the rules. It’s driven by the need to rake in more taxation.

State Secretary for the Treasury Miguel Ferre has been quoted as saying ‘these new laws are the most ambitious legislation in this field since the 1970’s.’

The law also makes it illegal to make or receive payments of more that €2.5k in cash.