![]() The solidarity tax applies throughout all Spanish territories, regardless of regional wealth tax, for both natural and legal persons.įor residents of Spain, all assets worldwide will be taken into consideration.įor non-residents, only Spanish assets are relevant, such as Spanish properties, liquid assets in a Spanish bank account, shares in a Spanish company, etc.Īny questions? Please do not hesitate to contact one of our experts. Who will be affected by this new legislation? The solidarity tax is a temporary measure applicable in 20. Many translated example sentences containing 'demand for liquid assets' Spanish-English dictionary and search engine for Spanish translations. The first self-assessment would need to be submitted between May and June 2023, based on the assets held on 31 December 2022. Many translated example sentences containing 'relatively liquid assets' Spanish-English dictionary and search engine for Spanish translations. income, his assets, inclu ding liquid assets, inv estm ents and real property, and his regular financial. ![]() (pensions, life insurances and liquid assets such as cash, bank deposits and. This tax applies to taxpayers holding Spanish assets in excess of EUR 3 million net on 31 December of the relevant year. The information regarding the financial situation of the client or potential client shall include, where relevant, information on the source. estimates with data on Spanish households financial decisions from the. Possible languages include English, Dutch, German. The law concerns a new, complementary tax on top of any existing regional wealth tax. English to Spanish translation results for liquid assets designed for tablets and mobile devices. ![]() ![]() In other words, Spain now has a federal wealth tax. In corporate finance, liquid assets are those that can be used to pay off debts in a hurry. At the end of 2022, the Spanish authorities introduced a new law at the federal level making everyone liable to pay a form of wealth tax, even if they live or own property in a region without any wealth tax currently. Hans Daniel Jasperson An asset's liquidity is a function of how easily it can be converted into cash. ![]()
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