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Tax Amnesty in Spain on Overseas pension income - Updated

Posted in: Latest News, News Articles,
Author: Philip Carroll
Tags: , , ,

On the 3rd January we published a News item about the amnesty announced by the Government starting from 1st January 2015 until the 30th June 2015. This is summarised below but the News item can be viewed here.

From Thursday 1st January 2015, anyone who has been resident in Spain for tax purposes (generally living here for more than 183 days in a calendar year) who received but did not properly declare pension income from overseas in previous years has an opportunity to remedy the position without penalty.

There is a document in our Library which explains the process of how to declare, and request exemption from fines and penalties. It can be found here.

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.

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