Costa Blanca South
Foreign income and investments: Common mistakes in Spanish tax returns
Taxadora.com works with clients to ensure their Spanish tax returns are complete and accurate. Credit: Lucigerma / Shutterstock
As Spain’s income tax season progresses, many foreign residents are now reviewing their Declaración de la Renta (IRPF). One of the most common issues at this stage is missing foreign income that does not appear in the draft return issued by the Spanish Tax Agency.
If you are tax resident in Spain, you are generally required to declare worldwide income – even if it has already been taxed abroad. This includes pensions, investment income, rental income and capital gains from outside Spain.
The 22,000-euro rule often does not apply
Some residents believe they are not required to submit a tax return because their income falls below the commonly referenced €22,000 employment threshold. However, this exemption normally applies only to income earned from a single Spanish employer.
Where foreign pensions, overseas investments or income from multiple sources exist, a return is often still required even at lower income levels. This is one of the most frequent misunderstandings among international residents.
Investment accounts abroad need attention
Many residents keep savings or investment accounts in their home country after relocating to Spain. Dividends, interest and capital gains from these accounts usually need to be declared in Spain once you become tax resident here.
Because these transactions are rarely pre-filled in the Spanish system, they are frequently overlooked. Reviewing annual statements from foreign banks or brokers is therefore an important step before confirming your return.
Property sales outside Spain must also be reported
If you sell property abroad while living in Spain as a tax resident, the gain generally needs to be declared in Spain as well. In most cases, tax paid abroad can be credited to avoid double taxation, but the reporting obligation still applies.
Inheritance, however, is normally taxed separately under Spain’s inheritance tax rules and is not included in the annual income tax return.
Foreign pensions often require clarification
Pensions from the UK, United States, the Netherlands, Scandinavia and other European countries are another area where confusion frequently arises. Even when tax has already been deducted at source abroad, the income often still needs to be reported in Spain depending on the pension type and the applicable tax treaty.
Understanding how different pension categories are treated can significantly affect the final tax result.
Professional guidance can prevent later corrections
Correctly reporting cross-border income is often the most complex part of the Spanish tax return. Reviewing your situation before submitting your declaration helps avoid adjustments, penalties or administrative complications later.
Taxadora.com works with clients from the UK, the United States, the Netherlands, Sweden and other European countries each year to ensure their Spanish tax returns are complete and accurate.
Learn more at www.taxadora.com/taxes-for-residents-in-spain/
Rojales lottery ticket wins €60,000 in Saturday national draw
Photo Credit: John Vid / Unsplash
Lady Luck smiled down on the Vega Baja region, as the first prize in the National Lottery draw was awarded in Rojales, where one of the winning tickets was sold. The draw, which took place on Saturday, May 9, resulted in the winning ticket number 21,254, worth €600,000 per series, meaning €60,000 per ticket.
Rojales’ lucky locals: Major prize awarded in the Costa Blanca South municipality
The winning ticket was sold at the lottery administration located at Calle Valentín Fuster, Number 16 in the Costa Blanca municipality of Rojales. Apart from the jaw-dropping sum, the awarding of this prize was especially significant for the administration: this was the first major prize it has distributed since 2022, the year in which it distributed the second prize of the National Lottery in the Thursday draw.
How the Spanish National Lottery works
In Spain, the Thursday National Lottery tickets, called décimos, are sold for €3 each on average, and the first prize is usually €30,000. The Saturday National Lottery tickets are more varied, ranging anywhere in price from €6, to €20, and can produce a prize ranging from €60,000 to €120,000 for whoever is lucky enough to snag the winning ticket.
Other major prizes awarded this year on the Costa Blanca
This is far from the first time that residents have struck gold on the Costa Blanca. Earlier this year, a Benidorm lottery office struck gold twice in just four days. The winning ticket number, 46,705, was awarded the second prize of the National Lottery on January 10, worth a jaw-dropping €300,000 per number, and was sold at El Racó de La Sort, located on one of Benidorm’s main tourist and commercial arteries.
This exciting award came just four days after the same outlet sold winning tickets for the first prize of the El Niño draw, making it the second major prize in less than a week for the lottery office.
Torrevieja launches summer childcare programme with meals and flexible hours.
Photo Credit: Vitaly Gariev / Unsplash
The Torrevieja Town Hall has officially opened registration for its Concilia Verano 2026 programme, an initiative that aims to bring families together during the summer in a safe, educational, and leisure space for the children in the town. The Town Hall, through the Department of Social Welfare, has launched this new edition of the initiative, and registration will remain open until June 8.
Torrevieja’s new edition of the summer school programme
The Concilia Verano is a summer school that will take place during July and August at the CEIP Maestro Salvador Ruso, and is aimed at children between the ages of 4 and 12 in Torrevieja. In total, the programme will have 100 open slots for the months of July and August each, and 10 additional monthly places will be reserved for children who require specific educational needs.
New additions: A free lunch service and more flexibility
One of the newer additions to the programme is the free lunch service, which will take place every day from 2:00pm to 3:00pm for the children who request them. This edition of the initiative will also include a Morning Classroom event at 8:00am, which is specially designed to help parents who need to go to their jobs early in the morning.
During the summer school, a wide range of fun, educational, and leisure activities will be offered for the children, promoting values including coexistence, camaraderie, creativity, teamwork and healthy habits. The summer school will also always be supervised by specialised professionals.
A fundamental programme for the parents of Torrevieja
Torrevieja officials have stressed the importance of this programme to support families in the municipality, especially in homes where both parents work full- or part-time. These municipal resources guarantee consistent and quality care for the children during the summer holidays.
Registration can be carried out electronically through the official Torrevieja Town Hall’s electronic offices, or in person by collecting and submitting forms at the Social Welfare offices. Parents who cannot commit to a full month will also be offered the chance to register for two-week periods, allowing them greater flexibility and adaptation to their schedules and needs.
New initiative promotes mental health, exercise, and community wellbeing.
Photo Credit: Arek Adeoye / Unsplash
Residents in Pilar de la Horadada will benefit from a new community wellbeing initiative, aimed at promoting healthy lifestyles (both physical and emotional) and social connection among the neighbours. The “Pilar Takes Care” programme (“El Pilar se cuida”) has been launched by the Pilar de la Horadada Town Hall’s Department of Health, and is part of a wider plan to improve health and wellbeing in the Community of Valencia.
Combining physical and emotional wellbeing in Pilar de la Horadada
The programme involves emotional wellbeing workshops in combination with guided walking routes, which will encourage residents to stay active, stay in touch with their mental health, and find a balance for their overall wellbeing.
The workshops will aim to educate different population groups about managing emotions, self-care, how to reduce stress, how to improve social relationships, and how to foster coexistence in the community. The walks, on the other hand, will offer a fun challenge that people of all fitness levels will be able to take part in. The workshops will reinforce the idea that physical and mental health are often inseparable, and encourage the community to stay active.
A free programme to respond to a need for balance in the community
The programme was developed in response to last year’s health diagnosis findings in the municipality, which showed that emotional wellbeing was a growing priority for the citizens of Pilar de la Horadada and in the whole of Valencia.
The activities in the programme will be free of charge and open to the public, and specific details about where and when the individual workshops will take place will be announced through the official communication channels of the Pilar de la Horadada Town Hall in the coming weeks.
The Pilar de la Horadada Town Council hopes that the initiative will inspire residents to take care of both their minds and bodies in a holistic approach to health, and that the residents will be provided with all the tools they need to manage their stress, find a balance in their lives, and stay active in their communities and neighbourhoods.
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