Spain: Wealth tax and non-EU residents

Enacted legislation includes measures that may affect wealth tax

Enacted legislation includes measures that may affect wealth tax

Legislation enacted in late June 2021 includes measures that may affect the wealth tax (impuesto sobre patrimonio) liabilities of non-European Union and non-European Economic Area residents.

The legislation—the “Law to prevent and counter tax fraud” (Ley de medidas de prevención y lucha contra el fraude fiscal)—includes certain changes and modifications that may affect the wealth tax liabilities of non-EU residents or non-EEA residents. Specifically, the new law allows for application of Spanish regional wealth tax regulations to residents outside the European Union or the European Economic Area (Iceland, Norway, and Liechtenstein).

Read a July 2021 report (Spanish) [PDF 211 KB] and (English) [PDF 212 KB] prepared by the KPMG member firm in Spain


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