From the Spanish Tax Office, in English.
Info specific to the Canaries: there is no exemption with regards to IGIC, the Canarian equivalent of IVA, so all holiday rentals must be invoiced with 7% IGIC, specified on the invoices, and owners of holiday properties must register for IGIC (Canarian Indirect General Tax) with modelo 400 and file trimestral tax declarations, modelo 420.
Status quo February 2019, there is talk of this changing, to make the Canaries a more attractive holiday destination.
Please note: The information provided is based upon our understanding of current legislation. It is not legal advice but is provided freely to enable you to be properly informed. We recommend that if you are considering taking action, you should seek professional advice.
How Can Citizens Advice Bureau Spain Benefit You?
As an expatriate living in Spain; do you find that the Spanish bureaucratic system
can be disconcerting? Have you discovered that the simplest of transactions are difficult to conclude?
Find yourself searching for answers to problems only to discover that there is nowhere where you could find a solution?
I am assuming that the answer is yes and that is why should be a member of our web site if you arent already.
