What is Form 210 in Spain?
Form 210 in Spain is the mandatory declaration for taxpayers who are not registered as tax residents in Spain, but who still receive income in Spain. This income can be received through different channels, such as:
- Leased property
- Dividends
- Business activities
- Royalties or capital gains, etc.
Calculating Taxes
To calculate the taxes necessary to pay, the first thing to identify is;
- What type of income was received,
- And, what is the registered living residence of the taxpayer.
This may vary significantly with the type of tax to apply on income received. It can depend on whether or not the person is from the European Union, and what regulations are in place for the international agreements. This is to avoid double taxation between Spain and the taxpayer’s registered country for paying tax.
It is very important to keep in mind that in order to apply the reduced rates for EU residents or the reduced rates according to international agreements to avoid double taxation, you need to have a certified certificate of residency for tax in the corresponding country. Click Here for more information about What is Form 210 in Spain.
3 Main Reasons for Submitting Form 210
- For property leases: this should be submitted quarterly
- By imputation of real estate income from non-leased properties: this should be submitted annually
- Capital gains from property sales: submitted 3 months from the date the deposit was transferred, which approximately will be 1 month from the date of sale.