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Basically, no. You still owe taxes in Spain and, as a US citizen, you need to report to the US and likely owe taxes there too.
by i_have_an_idea 4y ago
Basically, no. You still owe taxes in Spain and, as a US citizen, you need to report to the US and likely owe taxes there too.
- halpmeh 4y agoThat only applies to personal income, right? Business revenue doesn’t need to be reported I believe.
- tmountain 4y agoAlso, Spain has a wealth tax outside of Madrid, which may or may not apply based on your financial situation, but it’s significant if it applies to you (1-2.5% of net worth annually).