Non Resident Tax In Spain 2015?
Non-residents – For non-residents, the 2014 capital gains tax flat rate of 21% will be reduced to 20% in 2015 and 19% in 2016. The general tax rate will go down in 2015 from 24. 75% to 20% for non-residents from EU countries or countries in the Euro monetary zone with a signed agreement with Spain.
What is the punishment for tax evasion in Spain?
What is Tax Evasion? – According to Spanish law, tax evasion is not paying taxes, not declaring the corresponding taxes, obtaining tax advantages in incorrect ways, and obtaining refunds without them corresponding. The amounts for tax fraud exceed 120,000 Euros.
The penalties go from one to five years in prison and an additional payment of a fine up to s ix times the amount of money involved. However, tax fraud below these amounts does not go unpunished. Tax fraud below 120,000 Euros has penalties through the administrative process, not through criminal proceedings.
Shakira spent more than six months living in Spain. The Spanish law considers a fiscal resident all people that spend more than six months in Spanish soil.