Tax, Business & Property Blog in Fuerteventura

Taxes September 30, 2026 New resident in 2026? The foreign-assets declaration you will file by 31 March 2027 (Modelo 720/721) Becoming a Spanish tax resident in 2026 means a list before a payment: between 1 January and 31 March 2027 you file the Modelo 720 on accounts, investments, insurance and property abroad, and the Modelo 721 on crypto, block by block above €50,000. Read in the General Tax Act as rewritten after the Court of Justice's judgment of 27 January 2022 and in the tax office's questions: who files, what is on the list, how values are set, when a second return is due, and what forgetting costs now. 26 min read

Residency September 29, 2026 The Beckham regime in 2026: who qualifies, the six-month deadline and what 24 % really covers The Beckham regime taxes a new resident's employment income at 24 % for six tax years instead of a scale whose marginal rate reaches 50.5 % in the Canaries. Since 2023 it is open to remote workers, directors, entrepreneurs and qualified professionals, and to their families. The five doors of article 93, the five-year prior non-residence rule, the six-month clock of Modelo 149, what 24 % covers and what stays untaxed, wealth tax on Spanish assets only, no Modelo 720 and the break-even at €60,000. 16 min read

Business September 28, 2026 What an employee really costs in Spain in 2026: the €1,221 minimum wage, the employer's 30.65 % and two worked payrolls for Fuerteventura Before the offer goes out, the employer needs one number: what the person will cost every month. The 2026 minimum wage is €1,221 in fourteen payments, €17,094 a year; on top of any salary the company pays 30.65 % in fixed contributions plus an accident premium set by its activity code, 1.50 % for office work. Two worked payrolls — the minimum wage and €2,000 gross — the costs that never appear on the payslip, the hiring bonuses that lower the bill and what a Fuerteventura convenio adds. 16 min read

Business September 25, 2026 ZEC: the registration window closes on 31 December 2026 — the real timeline to file in time from Fuerteventura The ZEC window closes on 31 December 2026, and the law is precise about what must exist by then: the Consortium's authorisation, not the company and not the entry in the register. The two-month clock and the silence that means refusal, the eighteen months to register afterwards, the memoria the regulation demands, Fuerteventura's thresholds of three jobs and €50,000, the €1,800,000 cap at 4 %, the fees, the extension talk, and the calendar counted backwards from December. 15 min read

Property September 24, 2026 IBI, the waste fee and the cadastral value: the three bills a Fuerteventura owner pays in 2026, municipality by municipality One number sits under the IBI, the waste fee and the non-resident's Modelo 210: the cadastral value, fixed in Fuerteventura between 1994 and 2002 everywhere except Betancuria. The 2025 IBI rate of each of the six municipalities, the new waste fees Puerto del Rosario and La Oliva charge by surface and by bed, three worked owners, the payment calendars and the direct-debit discounts, and the answer most returns get wrong: outside Betancuria the imputed income is 2 %, not 1.1 %. 18 min read

Taxes September 23, 2026 Filed late without a letter: the 1 %-a-month surcharge, and what changes when Hacienda writes first Who moves first decides the bill. File before Hacienda writes and a forgotten return costs a surcharge of 1 % plus 1 % per full month, no penalty and no interest for a year; let the letter arrive and the same amount carries a 50 % penalty, reducible to 21 % with conformity and prompt payment, plus interest. The ladder worked on a 3,000-euro IGIC quarter, the acts that count as a requerimiento, and the halved fines for returns with nothing to pay. 14 min read

Residency September 22, 2026 Retiring to Fuerteventura: how your UK, German or Dutch pension is taxed in Spain A resident of Spain is taxed on every pension, wherever it is paid, and the treaty decides who taxes what: private and state pensions in Spain, government-service pensions at source but with progression here, German statutory pensions taxed by both with a 5 % or 10 % cap and a credit. With no withholding the whole bill falls due in June and the filing threshold drops to 15,876 euros. The disability exemption, the Modelo 720 on pension pots, claiming a pension earned abroad, the S1. 17 min read

Business September 21, 2026 Closing a business in Spain the clean way: ceasing as an autónomo, dissolving an SL and the final returns A business does not stop existing when it stops trading. The autónomo has six days for the Social Security baja and a month for the two tax censuses, then the last quarterly and annual returns; the cessation benefit only comes with losses, enforcement or a lost licence, never with a voluntary closure. An SL closes in three acts — dissolution, liquidation, extinction — with 1 % transfer tax for the partners and a final corporation-tax return, and a dormant company costs more than its funeral. 19 min read

Taxes September 18, 2026 Invoicing EU clients from a Canary business: no IGIC, no VAT number, no Modelo 349 — and what applies instead The client's accountant asks for your VAT number and the honest answer surprises everyone: a business established in the Canary Islands charges no IGIC on services to businesses in the EU or on the mainland, cannot get an intra-community VAT number, is not in VIES and files no Modelo 349 — the islands are outside the EU VAT area. What applies instead for business and private customers, electronic services, parcels and the one-stop shop, with six invoices worked out. 15 min read

Property September 17, 2026 What Airbnb and Booking report to Hacienda: Modelo 238 (DAC7) and how to keep your holiday-let return consistent Every January the platform files a return about you: payouts per quarter, nights sold, the cadastral reference of the flat and the account the money went to. Where the Modelo 238 goes, what the Spanish tax agency and your home tax office do with it, and how to make the Renta, the Modelo 210 and the Canary IGIC say the same thing — with a Corralejo flat worked through for a resident, a German and a British owner. 11 min read

Taxes September 16, 2026 Electronic notifications from Hacienda: the ten-day rule, DEHú and how companies and non-residents stop missing letters A notification from the Agencia Tributaria that nobody opens within ten natural days is deemed delivered, and every deadline runs from that day. Who is obliged — every company, branch and community of owners, and the individuals who opted in without knowing — where the letters sit (DEHú and the Agency's office), what the ten-day rule sets in motion, the thirty courtesy days a year, the paper route for non-residents and its three fixes, and a calendar of one unread letter. 12 min read

Taxes September 15, 2026 Renting out long-term in the Canaries: the 50, 60, 70 and 90 % reductions after the Housing Law — and why most landlords get 50 % Four percentages decide how much of a long-term rent a resident landlord pays tax on — 50, 60, 70 and 90 — and in the Canaries the answer is almost always 50, because the higher lines need a rehabilitation or a tensioned zone that no island municipality has. The conditions, the expenses that come off first, a €900 flat in Puerto del Rosario worked for a resident, a German and a British owner, and the Canary layer: a €1,000 regional deduction and a deposit rule with a fine attached. 10 min read

Business September 14, 2026 Expanding to the Canaries as a foreign company: branch, subsidiary or permanent establishment A foreign company arriving in Fuerteventura has two doors — a Spanish subsidiary or a registered branch — and a trap: the permanent establishment that exists the day a fixed place or a signing employee does. What each vehicle is, what each pays, why the ZEC, RIC and DIC follow the establishment rather than the legal form, how dividends and remittances leave under the UK and German treaties, and how remote staff create a taxable presence nobody registered. 13 min read

Business September 11, 2026 The DIC: the 25 % Canary investment credit — what qualifies, the 70 % ceiling and when it beats the RIC A Canary business that buys a new machine, van, server or workshop earns a 25 % credit against its corporate tax — or income tax for the self-employed — up to 70 % of the year's tax, with fifteen years to use the rest. What qualifies, the 2024 Supreme Court ruling that raised the ceiling from 50 % to 70 %, second-hand assets, and a worked example on a €40,000 machine that shows when the DIC beats the RIC. 10 min read

Property September 10, 2026 Selling your Fuerteventura home as a tax resident in 2026: the capital gain, the three exemptions and the plusvalía Two taxes wait at the notary's door for a resident seller: the income tax on the gain, 19 % to 30 % on the 2026 scale, and the municipal plusvalía on the land. Both have doors out — reinvesting in a new home, being over 65, handing the home to the bank; the no-gain rule and the real-increase option at the town hall. A Corralejo flat bought in 2015 and sold for €300,000 walks through every step: €20,845 of tax, €4,900 with a partial reinvestment, zero over 65. 11 min read

Taxes September 9, 2026 E-invoicing: the clock is set to start on 1 October 2026 — what a Canary SME must do before October 2027 and 2028 The law is from 2022, the regulation from March 2026, and the ministerial order that starts the clock is still a draft dated for 1 October 2026. When it lands, companies above €8 million have twelve months and everyone else twenty-four: a structured invoice in EN 16931, a platform or the AEAT's free public solution, and the duty to report when each invoice is accepted and paid. What a Canary SME with IGIC invoices must do now, and how the dates stack with VeriFactu's January and July 2027. 9 min read

Residency September 8, 2026 Tax resident or not? The 183-day rule, the centre of interests and the certificate that settles it A couple from Hamburg spends «about half the year» in Corralejo and wants to know whether they have become Spanish taxpayers. The question has a precise test, counted in days on a calendar year: article 9's 183 days, the centre of economic interests and the family presumption, with sporadic absences added back. The arithmetic on a real winter-and-summer pattern (182 days, then 188), the treaty ladder when two countries claim you, and the certificate that ends the argument. 10 min read

Business September 7, 2026 Paying yourself from your SL in 2026: salary, dividends or both Three doors out of an SL — a director's salary, a dividend or an invoice to your own company — each with its 2026 rules: the 35 % retention, the €1,424.40 RETA floor for autónomos societarios, 19–21 % corporate tax and the 19–30 % savings scale. One Fuerteventura example run through all three at €60,000 and €120,000, and the mix that wins. 10 min read

Business September 4, 2026 The RIC explained for small companies: 90 % of profit, the three-year clock and what counts as investment The Reserva para Inversiones en Canarias is the biggest tax lever a profitable island business has — and the one small companies use least or worst. On 2026 rates a micro company that keeps €100,000 of profit can reserve about €87,900 and pay about €2,300 of corporate tax instead of €20,000, if the money is invested in time and held for five years. What counts as investment, the 2025 door to long-term rental homes, the self-employed version, and what a breach costs. 10 min read

Property September 3, 2026 Buying a home in Fuerteventura in 2026: ITP at 6.5 %, the 5 % and 4 % tracks, IGIC on new builds and AJD Second-hand or new, habitual residence or not, and who you are: the three questions that move the tax on a €190,000 flat between €6,460 and €15,200 in 2026. ITP at 6.5 %, the 5 % track and the 20 % bonus that makes 4 %, the 1 % and 0 % groups, IGIC at 7, 5 or 3 % on new builds with AJD at 1 % or 0.4 %, the Catastro reference value that can shut the €200,000 door, and the one-month Modelo 600 — with four buyers worked through. 9 min read

Taxes September 2, 2026 The autumn 2026 tax calendar for a Canary business and a non-resident owner Every filing from the 20 October round to next spring, date by date: IGIC 420 with the ATC, the 130/111/115 quarter, Modelo 202, the last quarterly Modelo 210, the ZEC register closing on 31 December, VeriFactu from 1 January and the e-invoicing countdown from 1 October — with a short list for each of the two profiles. 8 min read

Business August 27, 2026 The Second Chance Law after February 2026 — how much tax and Social Security debt can actually be cancelled In February 2026 the Supreme Court settled the question that decides most self-employed insolvencies — what happens to debts with Hacienda, Social Security and the Canary tax agency. The caps now apply per creditor, surcharges and late-payment interest are cancelled in full, and a liability derivation no longer shuts the door by itself. The arithmetic, on a real file, for an autónomo in Fuerteventura. 7 min read

Taxes August 22, 2026 Hacienda can freeze your bank account overnight from November 2026 — what autónomos in the Canaries need to know A June 2026 resolution lets the Spanish tax agency freeze money in bank, payment and neobank accounts within twelve hours of posting the order. What actually changes and from when, what stays protected — the €1,221 minimum-wage floor, the new "salary account" flag, Supreme Court and TEAC doctrine — and what a self-employed person in Fuerteventura should do before November. 8 min read

Property August 14, 2026 Holiday lets in the Canary Islands in 2026 — the registry that fell, the law that stands, and the taxes that never went away The Supreme Court annulled Spain's single rental registry in May 2026, months after the Canary Islands passed the strictest holiday-let law in their history. What actually applies to your vivienda vacacional in Fuerteventura right now. 5 min read

Business August 8, 2026 The ZEC — how companies in Fuerteventura pay 4% corporate tax, and why the clock is ticking The Canary Islands Special Zone lets qualifying companies pay 4% corporate tax instead of 25% — with lower thresholds in Fuerteventura than in the capital islands. The current registration window runs to the end of 2026, and the process takes months. 5 min read

Property August 1, 2026 Owning a home in Spain as a non-resident — what Modelo 210 really costs you every year Every non-resident who owns Spanish property owes an annual tax return — even if the home is never rented and earns nothing. How imputed income works, what changed in the filing calendar, and the mistakes that generate letters from the tax agency. 5 min read

Residency July 24, 2026 Working from Fuerteventura — the digital nomad visa, the Beckham regime and your taxes Spain's digital nomad visa remains one of Europe's most attractive routes for remote workers — and Fuerteventura one of its best addresses. The 2026 requirements, the 24% flat-tax option, and the details that decide whether an application succeeds. 5 min read

Taxes July 17, 2026 VeriFactu is coming in 2027 — why 2026 is the year to get your invoicing ready Spain's certified invoicing system is now mandatory from 1 January 2027 for companies and 1 July 2027 for the self-employed. What VeriFactu actually requires, who it applies to in the Canary Islands, and how to prepare without the last-minute scramble. 6 min read

Taxes July 10, 2026 IGIC vs IVA — how indirect tax really works in the Canary Islands The Canary Islands are outside the EU VAT area. Instead of 21% IVA, businesses here charge IGIC at a general 7% — with its own rates, its own filings and its own traps when you trade with the mainland. The complete picture, explained. 5 min read

Business July 3, 2026 Autónomo or SL? Starting a business in Spain in 2026 — real costs, real timelines Self-employed or limited company is the first structural decision every new business in Spain faces. The 2026 numbers on both sides — social security brackets, the €80 flat rate, corporate tax at 19–21% for micro companies — and the Canary factors that tilt the answer. 6 min read

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