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V2183-23 ·25 July 2023 ·consulta-vinculante Medium impact
Tax

Transfer of Swiss savings to Spain is tax-free; interest taxed only in Switzerland

A Swiss resident enquires about the tax implications of transferring funds from a Swiss to a Spanish account. The DGT states that the transfer of own funds does not constitute income, and under the Spain-Switzerland double taxation treaty, interest from the Spanish account is only taxable in Switzerland.

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2023-07-25PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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