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Fiscal amnesty for residents to declare foreign pensions

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16 Mar. 2015

Law 26/2014 for tax reform on Personal Income Tax Act included relevant provisions on unreported foreign pension income, stating that a) voluntary disclosure of unreported pension income can be made free of penalties, surcharges and interests till next June 30 2015, and b) penalties, surcharges and interests for delay deriving from a tax inspection on unreported foreign pension income has been declared null and void so taxpayers have the right to claim back.

The Spanish tax office is sending informative letters to those receiving a foreign pension but this is only aimed to Spanish tax residents. If you forgot or decided not to declare your foreign pension in Spain, you can regularize the last 4 years until June 30th.

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