On 27 December 2023, Royal Decree 8/2023 was published, amending the Law on the Solidarity Tax for Large Fortunes. This modification means that non-resident taxpayers who in 2022 were obliged to file Form 718 of the Solidarity Tax for Large Fortunes, can now recover part of the amount paid to the Tax Agency.
Prior to the publication, non-resident taxpayers in Spain, obliged to file the ISGF for their assets and rights located in our country (real obligation), were not entitled to the application of the minimum exemption of 700,000 euros, unlike resident taxpayers.
Consequently, a new possibility has been opened to request a refund of 11,900 euros plus the corresponding late payment interest for all those non-resident taxpayers who filed Form 718 in the 2022 tax year.
Should you require any further information, MDG Advisors will be pleased to advise you and help you receive your refund.
MDG Advisors Team
