Irish pensiondoes
Does any one know how old age pension plus small private pension is taxed in Spain lm Irish but now resident in Spain.
Posted: Tue Aug 9, 2022 11:29pm
Super helpful member
Engage a tax assessor or gestor.
If you hold legal Spanish Residency, all your worldwide income is taxed in Spain, and you can withdraw from the income tax system in your home country.
You become liable for income tax as follows:
If your Residency is granted Jan-June in year X, you are tax-resident wef 1st Jan year X.
If your Residency is granted July-Dec in year X, you are tax-resident wef 1st Jan year X+1.
Income tax is collected a year in arrears. You declare in June the year following your tax-Residency. You pay in two chunks ... July and November.
Once you have made the first payment, you can apply to the Spanish tax authorities for a certificate of tax compliance. You can then send this to your home country to start the process of withdrawing from income tax there.
Kelvin1960 wrote on Tue Aug 9, 2022 11:29pm:
Engage a tax assessor or gestor.
If you hold legal Spanish Residency, all your worldwide income is taxed in Spain, and you can withdraw from the income tax system in your home country.
Read more...
You become liable for income tax as follows:
If your Residency is granted Jan-June in year X, you are tax-resident wef 1st Jan year X.
If your Residency is granted July-Dec in year X, you are tax-resident wef 1st Jan year X+1.
Income tax is collected a year in arrears. You declare in June the year following your tax-Residency. You pay in two chunks ... July and November.
Once you have made the first payment, you can apply to the Spanish tax authorities for a certificate of tax compliance. You can then send this to your home country to start the process of withdrawing from income tax there.
Thanks Kevin