Team Manager International
Until now, some companies have been able to avoid this obligation by being creative with the dates of their payments. However, this will no longer be possible from the 2024 tax year.
A Royal Decree was published on 12 October 2023 establishing the scales and methods of application of the administrative fines imposed on taxpayers who fail to spontaneously declare their real estate. These penalty scales also apply to foreign real estate.
From 1 January 2024, the federal tax deduction for capital repayments on mortgage loans for the construction, acquisition or conversion of a property located in the European Economic Area (EEA) will be abolished.