Spanish TaxesTax in Spain

Guide to Spanish Taxes

By May 1, 2018 No Comments

Guide to Spanish Taxes – with thanks to Universitat de València. https://www.uv.es/ibanezs/SpanishTLRG.pdf

 

ABBREVIATIONS AND BASIC EXPRESSIONS

BOE                State Official Journal (State)

Congreso        Lower House (State)

Cortes             Both Houses (Congress & Senate)

IAE                  Impuesto sobre Actividades Económicas (Tax on Business Activities; local tax)

IBI                    Impuesto sobre Bienes Inmuebles (Tax on Real Estate; local tax)

ICIO                 Impuesto sobre Construcciones, Instalaciones y Obras (Tax on Building Works; local tax)

IIEE                 Impuestos Especiales (Excise Tax)

IIVTNU            Impuesto sobre el Incremento del Valor de los Terrenos de Naturaleza Urbana (Tax on the Increase in Value of Urban Land; local tax)

IP                     Impuesto sobre el Patrimonio (Wealth Tax)

IRNR               Impuesto sobre la Renta de No Residentes (Non-Residents Income Tax)

IRPF                Impuesto sobre la Renta de las Personas Físicas (Personal Income Tax)

IS                     Impuesto sobre Sociedades (Corporate Income Tax)

ISD                  Impuesto sobre Sucesiones y Donaciones (Gifts and Inheritance Tax)

ITPyAJD          Impuesto sobre Transmisiones Patrimoniales y Actos Jurídicos Documentados (Transfers Tax)

IVA                  Impuesto sobre el Valor Añadido (Value Added Tax)

IVTM               Impuesto sobre Vehículos de Tracción Mecánica (Tax on Vehicles; local tax)

Ley                  Act of Parliament (State “Cortes” or Autonomous Regions Parliaments)

Ley Orgánica A special kind of Act of Parliament that requires to be approved by absolute majority (State)

LGT                 Ley General Tributaria (General Law on Taxation) Act 58/2003

Parliament       Each Autonomous Region has its own Parliament

RD                   Royal Decree (a regulation issued by the State Council of Ministers; the Council of Ministers is called “the Government”)

RDLeg.            Legislative Royal Decree (it has the force of an Act of Parliament, but it is issued by the Government for the purpose of consolidating the existing Act and its modifications)

Senado           Senate (State)