Tax, Business & Property Blog in Fuerteventura

Taxes October 30, 2026 The IGIC retailers' regime: why a Canary shop sells without charging IGIC A shop in the Canary Islands that sells goods it does not transform, mostly to consumers, is a comerciante minorista by law: it sells without IGIC, cannot deduct the IGIC on its purchases, pays a surcharge of a tenth of the rate on what it imports, files the modelo 400 and, if it enters with stock, the modelo 424, and prints «comerciante minorista» on every invoice so that a business customer can deduct 4.9 % of the price. With the Corralejo arithmetic. 22 min read

Taxes October 27, 2026 Before 31 December: the moves that still lower a Canary resident's 2026 income tax, and the ones that only look like moves Spanish income tax is settled on what the law finds in place on 31 December. Before that day a Canary resident can still contribute to a pension plan within the 2026 limits, realise a loss against a gain without tripping the two-month rule, give to a charity with the right certificate, gather the receipts that unlock the islands' own deductions, finish energy works or register an electric car, and read what the decree-law of 6 October changed for tenants and landlords while its vote is pending. 22 min read

Taxes October 23, 2026 A holiday let in the Canaries and the IGIC, step by step: the census form, the 7 %, the small-business regime and the platform's commission Three owners of a Fuerteventura flat owe the Canary tax agency three different things: why the Canary text keeps holiday lets out of the IGIC exemption, the Modelo 400 before the first guest, the small-business regime at €30,000 and €50,000 from 2027, the 2026 rulings that put every non-resident owner at 7 % from the first night, the unit a complex operator runs, the 420 and 425, the invoice to the guest, and the platform's commission, since 2023 the platform's IGIC, not yours. 18 min read

Taxes October 21, 2026 A digital certificate with a NIE, Cl@ve and letting your adviser act for you The NIE is a number, not a key. This guide explains how a NIE holder gets the FNMT digital certificate (no video route, the papers, the consulates), what a company administrator needs, how Cl@ve is registered without a Spanish DNI and what a European identity opens. Then how an adviser acts for you without your key: social collaboration, the register of powers, where old powers lapsed on 2 April 2026, each agency's own register and where the letters go. 17 min read

Taxes October 20, 2026 Filing inheritance and gift tax in the Canary Islands: modelos 650 and 651, the deadlines, the right office and the reference value In the Canary Islands close relatives pay almost nothing in inheritance and gift tax, but the return still has to be filed, and nothing moves at the bank or the Land Registry until it is. This guide covers the filing itself: modelo 650 with its companion 660, and modelo 651; the Canary agency, or the State's Madrid office when someone lives abroad; six months for an inheritance, one month or thirty working days for a gift; the Catastro's reference value, the papers and how the tax is paid. 13 min read

Taxes October 16, 2026 Buying online from the Canary Islands: IGIC, AIEM, the DUA and the 150-euro exemption A parcel from Madrid to Corralejo never leaves Spain, and yet it is an import. Up to 150 euros it pays no IGIC and travels on a tax-free form; above that the whole value is taxed at the rate of the goods, and a short list of products pays a second tax, the AIEM, from the first euro. This guide explains who files the declaration, what a carrier may charge for it, the 3 euros of customs duty on purchases from outside the EU since July 2026 and how to recover the tax when a parcel is returned. 16 min read

Taxes October 14, 2026 Cannot pay the quarter on the 20th? Deferring a tax debt in Spain and paying it in instalments, step by step The third quarter is due on 20 October and the cash is short. Spanish law lets a business pay later and in parts, but not everything: withholdings must be paid on the day, and IGIC goes to the Canary agency. Up to 50,000 euros no guarantee is needed and a program decides, with up to 24 monthly instalments for an individual and 12 for a company. The price is interest at 4.0625 %, not a surcharge. This guide follows the request step by step, and what a missed instalment costs. 12 min read

Taxes October 13, 2026 Crypto in your Spanish tax return, and what Hacienda sees: models 172, 173 and 721 today, DAC8 from 2027 For a Spanish tax resident, selling crypto, swapping one coin for another and receiving staking rewards are three different taxable events, each calculated by the taxpayer: oldest coins first, swaps at market value, rewards valued the day they arrive. The savings scale runs from 19 to 30 %. Spanish providers have reported balances and operations every January since 2024, and under DAC8 the first Europe-wide exchange, on the operations of 2026, is due by 30 September 2027. 11 min read

Taxes October 9, 2026 Paying Google, Meta or a foreign software licence from the Canaries: the IGIC you self-assess An invoice from Google, a software house in Dublin or a designer in Madrid reaches a Canary business with no tax on it, and the 7 % IGIC is then the customer's to declare. How the reverse charge works in the Modelo 420, why it is a real cost under the REPEP, for retailers and for exempt activities (Modelo 412), what replaced the self-invoice, and the fine of 75 % for leaving the line out. 16 min read

Taxes October 7, 2026 Cash payments in Spain: the €1,000 limit, the non-resident exception and the 25 % fine Since 2021 an operation of €1,000 or more cannot be paid in cash in Spain when one of the parties is a business or professional, not even in part, and splitting the bill does not help. A private individual who lives abroad has a €10,000 ceiling that the seller must be able to prove. The fine is 25 % of the cash, shared by payer and recipient, and whoever reports it within three months is spared. What counts as cash, the tax agency's examples, the border declaration and the EU ceiling of 2027. 14 min read

Taxes October 2, 2026 The IGIC small-business regime (REPEP): €50,000 from 2027, who can stop charging IGIC and when it is a bad idea A leatherworker in Lajares sells €28,000 a year and charges no IGIC: she is in the REPEP, the Canary regime that exempts small self-employed businesses and takes their input tax in exchange. The threshold is €30,000 until the end of 2026 and €50,000 from 1 January 2027. Read in the consolidated text, the decree-law of April 2026 and the regulation: who is in, the paperwork that survives, the calendar to April 2027, the tacit renunciation and the four cases in which it pays to stay out. 11 min read

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. 27 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

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

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. 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

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

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

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. 6 min read

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