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

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. 10 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. 5 min read

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