SEPA Bank Accounts Now Accepted for Non-Resident Spanish Property Taxes

February 19, 2024

SEPA Bank Accounts Now Accepted for Non-Resident Spanish Property Taxes

We’re thrilled to share the news that the Spanish Tax Agency has introduced a significant change that will streamline tax payments for property owners living outside of Spain. Starting February 1, 2024, individuals can now use bank accounts from the SEPA area to pay their non-resident taxes in Spain. This move aims to make the tax payment process more accessible and convenient for non-resident property owners, eliminating the need for a Spanish bank account.

Why This Change Matters

Previously, non-resident property owners faced a few challenges when attempting to pay their taxes directly from their bank accounts, as it required a Spanish bank account. This posed a hassle for individuals residing outside of Spain. However, with the introduction of SEPA account compatibility, property owners can now continue to use their home country's bank accounts or accounts from other SEPA countries to make tax payments towards their taxes. This change simplifies the process and alleviates the burden of setting up a separate Spanish bank unnecessarily.

Key Details

It's important to understand a few key details regarding this new payment option:

  • Tax payments will be deducted from the account on December 31 each year.
  • To utilise the bank debit option, property owners must submit their tax returns during the voluntary period, which for the year 2023 spans from December 1 to December 20, 2024.


Implications for Non-Resident Property Owners

This update signifies a significant step forward in enhancing accessibility to tax payments for non-resident property owners in Spain. By accepting SEPA accounts, the Spanish Tax Agency demonstrates a commitment to simplifying the tax system, particularly for individuals managing their Spanish properties from abroad. Ultimately, this move aims to make the process of owning property in Spain less cumbersome and more manageable for international property owners.

The decision to accept SEPA accounts for property tax payments represents a positive development in the realm of tax administration in Spain. By embracing this change, the Spanish Tax Agency is actively working to facilitate tax compliance for non-resident property owners. As a result, managing property in Spain will become much more straightforward and less complex, contributing to a more seamless experience for Spanish property owners worldwide.


Filing Your Modelo 210 in Spain

At IberianTax, we're dedicated to helping you navigate the complexities of non-resident property taxes in Spain with ease. Our intuitive online tax filing platform is specifically designed for non-resident property owners, making the management of non-resident property taxes straightforward, accurate, and secure. Whether you're required to file Imputed Income, Rental Income, or Capital Gains Tax returns using the Modelo 210 (Form 210), we've got all your needs covered.

With IberianTax, filing your tax return is a stress-free experience, even if you're not well-versed in Spanish tax laws. Our expert team offers complimentary support to ensure your tax return is completed accurately, providing you with peace of mind at every stage of the process.

When it comes to non-resident property taxes, rely on IberianTax to be your trusted partner in simplifying the tax filing journey, allowing you to fully enjoy the pleasures of your Spanish property with confidence.

Start your hassle-free tax journey today by signing up for your FREE IberianTax account and embark on a seamless path to Spanish non-resident tax compliance.

Direct debit Modelo 210 Spain Imputed Income Rental income