Economy
Spain's annual income tax return, known as "la declaración de la renta," is set to commence, and individuals must prepare for significant deadlines and changes in 2025. This tax return, which pertains to the 2024 tax year, requires careful attention from taxpayers across the nation. Key......
Spain, a key player in the European mining sector, operates 2,600 mines, generating annual revenues of €3.5 billion ($3.8 billion). As the EU's second-largest producer of copper and magnesite, Spain holds significant yet largely unexplored mineral wealth, according to experts in the field. Geologist......
Morocco has firmly established itself as Spain’s foremost African trading partner, achieving remarkable bilateral trade figures in 2024. Recent data from the Spanish Ministry of Economy, Trade and Enterprise reveals that trade between the two nations surged to €22.7 billion, marking a significant......
As living costs soar across Spain, a new study highlights cities where residents can still save money effectively. The report reveals surprising findings about the most favorable locations for saving, despite the ongoing economic pressures. The rising cost of living, particularly in the housing market,......
Spain's tax agency has unveiled an ambitious new plan aimed at scrutinizing individuals whose visible wealth does not align with their reported income. This initiative is part of the Spanish Tax Agency's (AEAT) Tax Control Plan for 2025, which emphasizes the investigation of taxpayers showing......
Remittances from Spain to Morocco have nearly doubled over the past decade, establishing Morocco as the second-largest recipient of funds transferred from the European nation. Recent data from the Bank of Spain, analyzed by The Objective, reveals that in 2023, remittances to Morocco reached €1.375......
According to official figures released on Monday in Madrid, Moroccans residing in Spain hold the top position among foreign workers affiliated with the social security system. As of the end of February 2025, the total number of Moroccans contributing to Spain's social security reached 350,433, making......
The rental market in Barcelona has experienced a 6.4% decrease in prices one year after the implementation of rent control measures aimed at areas with high demand. Across other regions in Catalonia, where the same measures apply, the reduction stands at 3.7%. Despite these positive results, Sílvia......
In recent months, Spain has found itself in the spotlight as the European Union prepares to take legal action against the country for imposing a discriminatory tax on non-residents. This issue has gained traction since Prime Minister Pedro Sánchez announced plans to address the housing crisis,......
For Americans contemplating a move to Spain, understanding the cost of living is crucial. Recent statistics reveal a significant trend: the number of Americans residing in Spain surged by 10,000 from 2022 to 2024. The growing appeal of Spain lies in various factors, including a favorable political climate,......
US President Donald Trump's trade policies have recently cast a shadow over Europe, with the potential for 25 percent tariffs on EU-made goods. This move, which Trump claims is necessary to rectify what he perceives as unfair trade practices, has significant implications for various sectors in Spain,......
Spain continues to attract many expatriates looking to retire, with its favorable climate, picturesque coastline, and vibrant culture. However, rising living costs, including soaring housing prices, inflation, and increased taxes, have led to concerns about the true affordability of retiring in this......
The average price of a pre-owned home in Spain has surged to a record €2,271 per square metre following a 1.5 percent monthly increase in February, as reported by property portal Idealista. This marks a 1.2 percent rise over the last three months, setting a new benchmark for Spain's leading......
