In Spain, there are several taxes and fees that must be paid when buying and owning a car. Here are the main taxes and fees associated with owning a car in Spain:
Vehicle Tax in Spain
Vehicle Tax in Spain (Impuesto sobre Vehículos de Tracción Mecánica or IVTM). This tax, also known as road tax or car tax, is an annual tax that must be paid by all vehicle owners in Spain. The amount of the tax depends on the type of vehicle, its engine size, and the region in which it is registered.
Value Added Tax in Spain
Value Added Tax in Spain (Impuesto sobre el Valor Añadido or IVA). This tax is a 21% tax that must be paid on the purchase price of new vehicles. The tax is included in the purchase price of the vehicle.
Transfer Tax in Spain
Transfer Tax in Spain (Impuesto de Transmisiones Patrimoniales or ITP). This tax must be paid by the buyer when purchasing a used vehicle. The tax rate varies by region but is typically between 4% and 10% of the purchase price of the vehicle.
Annual circulation tax in Spain
Annual circulation tax (Impuesto sobre Circulación de Vehículos or also known as road tax): This tax is a yearly tax to be paid depending on the vehicle’s emissions, horsepower and region of Spain.
Parking taxes in Spain
Parking taxes: Some cities in Spain have introduced specific parking taxes for vehicles.
It’s worth noting that some autonomous communities may have additional taxes or fees associated with owning a car. Additionally, if you are importing a vehicle from another country into Spain, you may be subject to additional taxes and fees.
In summary, when owning a car in Spain, you will need to pay several taxes and fees, including annual road tax, value-added tax (if purchasing a new vehicle), transfer tax (if purchasing a used vehicle), and potentially parking taxes. It’s essential to research and understand the tax requirements in your region and for your specific situation.
