Mallorca.com

Tax Advisors in Mallorca

There are 143 tax advisors listed on mallorca.com, rated 4.5★ on average. The Spanish tax system differs significantly from the German one. A competent tax advisor is essential for residents, property buyers and business founders. German-speaking advisors help with IRPF, IBI, Modelo 720, wealth tax and company formation. Find your advisor on mallorca.com.

144 businesses found

Frequently Asked Questions

Do I have to pay taxes in Mallorca?
If you spend more than 183 days per year in Spain, you are considered tax resident and must declare worldwide income in Spain (IRPF). Non-residents pay tax only on Spanish income. Property owners always pay IBI (property tax).
What is the Modelo 720?
The Modelo 720 is a declaration of overseas assets exceeding €50,000 (bank accounts, property, securities). Every tax resident in Spain with foreign assets must file it by 31 March annually.
How much does a tax advisor cost in Mallorca?
An annual tax return (Renta) costs €150-400. Monthly bookkeeping for self-employed from €100-250/month. Company formation from €500-1,500.
Do I have to pay taxes in Mallorca as a German?
If you live in Mallorca for more than 183 days per year, you are considered tax resident in Spain and must declare your worldwide income (IRPF). Non-residents also face taxes on rental income or property ownership (IRNR). A tax advisor helps avoid double taxation.
What taxes apply when buying property in Mallorca?
On purchase: ITP (transfer tax) 8-13% for resale properties or IVA 10% + AJD 1.5% for new builds. Annually: IBI (property tax) 0.3-1.1% of cadastral value, wealth tax from €700,000 allowance. Notary and registry costs add approx. 1-2%.