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

How much tax will I pay on my rental income in Lanzarote?

This depends on your nationality. If you’re an EU, Norweigan or Icelandic citizen, you’ll pay 19% and be able to deduct expenses. We’ll give you a list when we get you set up in the system.

If you’re a non-EU or British citizen, you’ll pay 24% and can’t deduct any expenses.

Still stuck?