Would I pay more taxes in Spain if I become an official resident?

10 Feb Would I pay more taxes in Spain if I become an official resident?

As becoming a resident in Spain makes that you are tax-liable for any worldwide income, first of all it depends on whether you have income earnings from other country than Spain and whether or not your non-Spanish income is taxed at the country of origin that may or may not have a double taxation treaty signed with Spain.

This being said, in most of the cases taking out an official residence permit in Spain will cost foreigners who own property less money in taxes than staying non-resident, as there are tax exemptions to residents that do not apply to non-residents. For a detailed analysis, you can contact us in Emilio Pino – Abogados in order that all your aspects are contemplated.