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Irish pensiondoes

Posted: Tue Aug 9, 2022 1:43pm
2 replies89 views2 members subscribed
Dessie

Posts: 10

3 helpful points

Location: Benijofar

Joined: 29 Jan 2018

Does any one know how old age pension plus small private pension is taxed in Spain lm Irish but now resident in Spain.

Kelvin1960

Posted: Tue Aug 9, 2022 11:29pm

Kelvin1960

Super helpful member

Posts: 1486

1769 helpful points

Joined: 5 Mar 2017

Posted: 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.

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.

Dessie

Posted: Wed Aug 10, 2022 9:13am

Dessie

Original Poster

Posts: 10

3 helpful points

Location: Benijofar

Joined: 29 Jan 2018

Posted: Wed Aug 10, 2022 9:13am

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.

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

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Blacktower Financial Management
James Spanish School
Thy Will Be Done
Gentlevan Removals
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