The Spanish tax landscape is complex, especially for expats in Mallorca. A tax advisor who understands both your home country and Spanish tax systems is almost indispensable. Here is what to look for and what a tax advisor can do for you.
Why hire a tax advisor in Mallorca?
- Avoid double taxation: Agreements between countries are complex
- Modelo 720: Reporting overseas assets requires expertise
- Tax returns: The Spanish Renta differs significantly from other countries
- Setting up a business: As Autónomo or SL there are special rules
- Property purchases: Tax implications of buying in Mallorca
How much does a tax advisor cost?
- Annual tax return: 150-400 euros
- Modelo 720: 100-300 euros
- Monthly accounting (Autónomo): 100-250 euros/month
- Initial consultation: Often free or 50-150 euros
What to look for
- Language skills: The advisor should understand your home tax system too
- Expat experience: Not every Spanish tax advisor knows expat specifics
- Qualification: In Spain, tax advisors are called Asesor Fiscal
- Accessibility: Good advisors offer online consultations
- Transparent pricing: Get a quote upfront
Gestor vs Asesor Fiscal vs Abogado
Gestor: Handles administrative tasks, not in-depth tax advice.
Asesor Fiscal: Specialised in tax matters – the classic tax advisor.
Abogado Tributarista: Tax lawyer, ideal for disputes with authorities.
Find tax advisors in our business directory.
More: Taxes in Mallorca for expats
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