{"id":8255,"date":"2023-05-01T22:12:37","date_gmt":"2023-05-01T22:12:37","guid":{"rendered":"https:\/\/www.mercuryabogados.com\/en\/?p=8255"},"modified":"2024-09-05T14:54:49","modified_gmt":"2024-09-05T12:54:49","slug":"andalucia-introduces-100-tax-rebate-in-wealth-tax","status":"publish","type":"post","link":"https:\/\/www.mercuryabogados.com\/en\/andalucia-introduces-100-tax-rebate-in-wealth-tax\/","title":{"rendered":"Andalucia introduces 100% tax rebate in wealth tax"},"content":{"rendered":"<div id=\"pl-8255\"  class=\"panel-layout\" ><div id=\"pg-8255-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-8255-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-8255-0-0-0\" class=\"so-panel widget widget_sow-headline panel-first-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-headline so-widget-sow-headline-default-790083cbe4c2-8255\"\n\t\t\t\n\t\t><div class=\"sow-headline-container \">\n\t\t\t\t\t\t\t<h2 class=\"sow-headline\">\n\t\t\t\t\t\tAndalucia introduces 100% tax rebate in wealth tax\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"decoration\">\n\t\t\t\t\t\t<div class=\"decoration-inside\"><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n<\/div><\/div><div id=\"panel-8255-0-0-1\" class=\"so-panel widget widget_sow-editor\" data-index=\"1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>In this blog of <strong>Mercury Abogados in Marbella<\/strong> we are going to see the new wealth tax rebate in Andalusia, for tax returns from the year 2022.<\/p>\n<p>First we must remember that the Wealth Tax (hereinafter, <strong>IP<\/strong>) is an annual state tax, and whose collection is 100% transferred to the regions of Spain (Comunidades Aut\u00f3nomas in Spanish). Which taxes the net worth of individuals as of December 31, every year.<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-8255-0-0-2\" class=\"so-panel widget widget_sow-button\" data-index=\"2\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-button so-widget-sow-button-flat-03b33033da83-8255\"\n\t\t\t\n\t\t><div class=\"ow-button-base ow-button-align-center\"\n>\n\t\t\t<a\n\t\t\t\tclass=\"sowb-button ow-icon-placement-left ow-button-hover\" \t>\n\t\t<span>\n\t\t\t\n\t\t\tAnd the obligation to submit this tax starts when the exempt <strong>minimum of 700,000 euros<\/strong> in value of goods or rights is exceeded, or when, not given this circumstance, the value of goods or rights, determined in accordance with the regulations governing the tax,<strong> results greater than 2,000,000 euros<\/strong>. And the applicable tax rate is progressive between <strong>0.2 and 2.5%<\/strong>.\t\t<\/span>\n\t\t\t<\/a>\n\t<\/div>\n<\/div><\/div><div id=\"panel-8255-0-0-3\" class=\"so-panel widget widget_sow-editor\" data-index=\"3\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h4>Taxation of residents and non-residents<\/h4>\n<p>We must remember that <strong>non-residents<\/strong> are taxed for their limited tax obligation, that is, the sum of the values \u200b\u200bof assets or rights located only in Spain. This is unlike tax <strong>residents<\/strong> in Spain who pay said tax <strong>with the value of their assets or rights worldwide.<\/strong><\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-8255-0-0-4\" class=\"so-panel widget widget_sow-button\" data-index=\"4\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-button so-widget-sow-button-flat-03b33033da83-8255\"\n\t\t\t\n\t\t><div class=\"ow-button-base ow-button-align-center\"\n>\n\t\t\t<a\n\t\t\t\tclass=\"sowb-button ow-icon-placement-left ow-button-hover\" \t>\n\t\t<span>\n\t\t\t\n\t\t\tHowever, since 2022 the IP has been <strong>rebated in Andalusia with 100%<\/strong><strong>, if the tax amount is positive.<\/strong>\t\t<\/span>\n\t\t\t<\/a>\n\t<\/div>\n<\/div><\/div><div id=\"panel-8255-0-0-5\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"5\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>Finally, it is necessary to state that the Andalucia rebate in wealth tax does not exempt from the <strong>obligation<\/strong> to, if applicable,<strong> submit the tax return<\/strong>, if calculating the tax amount, it results positive. And this tax are filed on the same dates as personal income tax returns, between April and June of the following year using <a href=\"https:\/\/sede.agenciatributaria.gob.es\/Sede\/procedimientoini\/G611.shtml\" target=\"_blank\" rel=\"noopener noreferrer\">form 714.<\/a><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-8255-1\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-8255-1-0\"  class=\"panel-grid-cell\" ><div id=\"panel-8255-1-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"6\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>As you can see, this means significant savings. So, we recommend that you contact our <strong>expert tax lawyers<\/strong> at <strong>Mercury Abogados in Marbella<\/strong> for more information.<\/p>\n<p class=\"Body\">\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-8255-1-1\"  class=\"panel-grid-cell\" ><div id=\"panel-8255-1-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"7\" ><div class=\"lgray-bg padding-all25 panel-widget-style panel-widget-style-for-8255-1-1-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>Also, do not hesitate to contact our <strong>Law Firm in Marbella<\/strong> if you have any questions about taxes in Spain and Andalusia. Also even to advise you on any other matters.\u00a0 Our <a href=\"https:\/\/www.mercuryabogados.com\/en\/services\/tax-lawyers\/\">expert lawyers<\/a> would be delighted to assist you.<\/p>\n<p class=\"Body\"><span lang=\"EN-US\">\u00a0<\/span><a href=\"mailto:info@mercuryabogados.com\"><strong>info@mercuryabogados.com<\/strong><\/a><\/p>\n<p><strong>Telephone: +34 951 052 811<\/strong><\/p>\n<p><strong>Whatsapp:\u00a0+34 643 89 04 96<\/strong><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>In this blog of Mercury Abogados in Marbella we are going to see the new wealth tax rebate in Andalusia, for tax returns from the year 2022.<\/p>\n","protected":false},"author":4,"featured_media":8262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[87,66],"tags":[95,93,96,82,78],"class_list":["post-8255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mercury-law-office-in-marbella","category-tax-law-in-marbella","tag-english-speaking-lawyer-in-marbella","tag-lawyer-in-marbella","tag-spanish-law-firm","tag-taxes-marbella","tag-transfer-tax"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Andalucia rebate in wealth tax: 100% \u2022 Tax Lawyers in Marbella, Andalucia<\/title>\n<meta name=\"description\" content=\"In this blog of Mercury Abogados in Marbella we are going to see Andalucia rebate in wealth tax, for tax returns from the year 2022\" \/>\n<meta name=\"robots\" content=\"index, follow, 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