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NLV and income tax

Posted: Fri Jul 8, 2022 3:19pm
1 reply72 views2 members subscribed
Paul2109

Posts: 104

24 helpful points

Location: La Zenia

Joined: 6 Dec 2020

Hi all. I'm in my first year of residency on an NLV and currently living off of savings, as opposed to a pension. I assume because of this, I will not have any income tax to pay? Will I need to do any kind of Tax Return form and is it best to consult a Lawyer/Accountant? Thanks for any advice!

tebo53

Posted: Fri Jul 8, 2022 3:45pm

tebo53

Legendary helpful member

Posts: 4850

5045 helpful points

Location: Benidorm

Joined: 29 May 2018

Posted: Fri Jul 8, 2022 3:45pm

Paul2109 wrote on Fri Jul 8, 2022 3:19pm:

Hi all. I'm in my first year of residency on an NLV and currently living off of savings, as opposed to a pension. I assume because of this, I will not have any income tax to pay? Will I need to do any kind of Tax Return form and is it best to consult a Lawyer/Accountant? Thanks for any advice!

Yes you need to submit an annual tax form. The information gathered from your tax form will decide on the amount you will pay for your medical.

Steve 

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Thy Will Be Done
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James Spanish School
Airport Service Taxi Mil Palmeras  Torre de la Horadada
Espana Dream Properties
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