FREQUENTLY ASKED QUESTIONS

Everything you need to know about tax and accounting in the Canary Islands

FREQUENTLY ASKED QUESTIONS

Everything you need to know about tax and accounting in the Canary Islands

Do I have to file a “Declaration de Renta” annual tax return in Lanzarote?

We recommend doing the annual tax return to check if you’ve overpaid and can claim a refund, which is often the case. The tax office won’t do this automatically, so if you don’t check, you’ll never know!

There are exceptions for very low incomes, either if your only source of income is less than €16,000 a year from a single Spanish Employer, or less than €22,000 a year from a couple of sources.

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