Confusion on Tax declaration limits
Jun 12th 2013, 1:36 pm
#1
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Joined: Jun 2013
Posts: 990
Confusion on Tax declaration limits
It concerns me that ex pats may get the wrong idea about how much income they can have before paying tax on it. I frequently see statements such as "you have to file a return if your income is more than 22,000 euros"
They do not add the important facts that:
This does not apply if the 22,000 is taxed at source, comes from more than one source, and is eligible for the double taxation treaty to be applied;in other worse, it does not apply to all ex pats and early retirees!
If anyone is going around thinking they can have an income of under 22,000 and not pay tax, they are in for a rude awakening.If you have been here for years and not declared on the basis of misinformation on this, you had better see an accountant!
When I first came here I was given the wrong advice about this, and I am sure many others were too;It would be lovely if it were the case1
Incidentally, the advice on this given in the Tax section of FREE BEER also makes this statement and doesn't explain the conditions; this will mislead people.
They do not add the important facts that:
This does not apply if the 22,000 is taxed at source, comes from more than one source, and is eligible for the double taxation treaty to be applied;in other worse, it does not apply to all ex pats and early retirees!
If anyone is going around thinking they can have an income of under 22,000 and not pay tax, they are in for a rude awakening.If you have been here for years and not declared on the basis of misinformation on this, you had better see an accountant!
When I first came here I was given the wrong advice about this, and I am sure many others were too;It would be lovely if it were the case1
Incidentally, the advice on this given in the Tax section of FREE BEER also makes this statement and doesn't explain the conditions; this will mislead people.
Jun 12th 2013, 2:26 pm
#2
Retired and loving it!
Joined: Sep 2007
Location: Ontinyent - Valencia region (campo)
Posts: 5,158
Re: Confusion on Tax declaration limits
It concerns me that ex pats may get the wrong idea about how much income they can have before paying tax on it. I frequently see statements such as "you have to file a return if your income is more than 22,000 euros"
They do not add the important facts that:
This does not apply if the 22,000 is taxed at source, comes from more than one source, and is eligible for the double taxation treaty to be applied;in other worse, it does not apply to all ex pats and early retirees!
If anyone is going around thinking they can have an income of under 22,000 and not pay tax, they are in for a rude awakening.If you have been here for years and not declared on the basis of misinformation on this, you had better see an accountant!
When I first came here I was given the wrong advice about this, and I am sure many others were too;It would be lovely if it were the case1
Incidentally, the advice on this given in the Tax section of FREE BEER also makes this statement and doesn't explain the conditions; this will mislead people.
They do not add the important facts that:
This does not apply if the 22,000 is taxed at source, comes from more than one source, and is eligible for the double taxation treaty to be applied;in other worse, it does not apply to all ex pats and early retirees!
If anyone is going around thinking they can have an income of under 22,000 and not pay tax, they are in for a rude awakening.If you have been here for years and not declared on the basis of misinformation on this, you had better see an accountant!
When I first came here I was given the wrong advice about this, and I am sure many others were too;It would be lovely if it were the case1
Incidentally, the advice on this given in the Tax section of FREE BEER also makes this statement and doesn't explain the conditions; this will mislead people.
The truth of the matter is that you MUST complete a tax return each year - FACT!
It doesn't matter what you earn or not.
In the past, individuals have been wrongly advised that they didn't need to. With the various changes to health rules etc. this is now coming back to bite them.
Jun 12th 2013, 2:42 pm
#3
Joined: Jun 2006
Location: Granada Costa
Posts: 10,898
Re: Confusion on Tax declaration limits
A lot of stuff in the "Free Beer" thread is now out of date and misleading. The person who put it all together no longer contributes to the forum.
There is some more up to date info in the Wiki section but it only covers a few subjects. The advantage of the WiKi is that any member can contribute to it but unfortunately few do.
As far as tax declarations are concerned this site has the best information that I know of.
http://www.advoco.es/home/22-latest/...ax-return.html
Jun 12th 2013, 3:03 pm
#4
BE Forum Addict
Joined: Aug 2009
Location: Costa Blanca
Posts: 3,142
Re: Confusion on Tax declaration limits
Yes good post - this 22,000 nonsense is one of those huge urban myths. Please take note everyone who has not made a tax declaracion but is resident here. (and don't forget you non resident property owners you also need to take action)
Jun 12th 2013, 4:21 pm
#5
On the road again.
Joined: Aug 2008
Location: On Top of the World
Posts: 17,507
Re: Confusion on Tax declaration limits
http://www.bbc.co.uk/news/world-euro...08#TWEET786956
One well known character in big trouble for allegedly completing fraudulent tax returns.
Looks like it could get a bit messy.
One well known character in big trouble for allegedly completing fraudulent tax returns.
Looks like it could get a bit messy.
