The entry into force of the Law on Measures against Tax Fraud (Law 11/2021 of 9 July) has meant a turning point in the taxation of non-EU non-resident taxpayers in relation to their assets located in Spain.
With the entry into force of this law, the taxation of non-EU non-residents is equal to the taxation of EU non-resident taxpayers, being able to pay Wealth Tax according to the autonomic legislation where the assets of greater value are situated, and there may be interesting tax benefits in comparison with national legislation (Disposición Adicional 4ª de la Ley 19/1991).
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Leticia Cayuela and Jesús Raya
Tax Compliance Department