Those of you not obliged to present your annual income tax return should have already applied for your 'quick tax rebate' before the 16th April 2006. The rest of you under obligation should now be preparing your papers to calculate your income tax declaration which must be presented by the 20th June, unless you are entitled to a rebate in which case you have until the 2nd July 2006.

Tax retention certificates

If you have received income, which has been taxed at source, then it's advisable that you obtain your tax retention certificate from the payer. This could be your employer; your client if your business is professional or artistic; the property management company that rents out your property; or the bank. However, it is no longer necessary to enclose the said tax certificates with the tax declaration.

Other fiscal information to consider for allowances and reductions
- money deposited to pension plans
- purchase of living accommodation
- deduction for double international taxation.
Wealth tax
For Residents

The taxpayers subject to this tax are those who live in Spain irrespective of where their assets are situated. Therefore having to declare global wealth tax if this is superior to 100,000 euros. This declaration is presented together with the annual income tax return as from the 2nd May until the 20th June. However, if you are not under obligation to present the latter, or you are entitled to a tax rebate, then you have until the 2nd July even if you choose not to claim the rebate.
For Non Residents

Those who have more than one property or rent their property out, have from the 2nd May until the 2nd July to present this tax declaration. The rest who have only one property, which is declared for private use, have until the end of the year and declare via the 214 Form.

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