News and information from Spain
International Edition - December 2021
Welcome to the December issue of 'The Word on the Street'. This is your monthly news and information from Spain provided by Ábaco Advisers. We hope to keep you in touch with the news, events and just a little bit of gossip.
It’s time to file your Modelo 720 form in Spain
Modelo 720 reminder

If you are a resident of Spain and have assets in another country then you should check whether you need to complete a 720 asset declaration form. The deadline to submit this is March 31st and it is important that if you have assets of over €50,000 in another country that you register them. You need only do this once unless there are some changes such as investments maturing or assets having altered by €20,000 or more. There is a fine for late declaration but this is far less than if it’s discovered that you haven’t made one in the first place.

For more information on the form you can read our articles:

Non-resident tax in Spain: The complete guide
Final call for the non-resident tax declaration

If you are reading this as a non-resident and have no idea what a non-resident tax declaration is, then you are cutting it fine but are just in time to make a declaration. The deadline is December 31st and it’s a requirement in Spain if you own property here. Officially “imputed income tax”, it sounds complicated but really isn’t with the right support. AbacoTaxes clients needn’t worry, we have been presenting this declaration on your behalf over the recent months to have you covered.

Non-resident tax in Spain: The complete guide
Quirónsalud opens a Medical Centre in Gran Alacant
More options for medical care

If you live in or around Gran Alacant, Santa Pola, then you might be interested to read about the new medical centre that Quirónsalud is opening there. This is the fifth such centre in the Alicante province, providing more choice of location if you are seeking private medical care.

To find out more information about what the new centre has to offer, you can read this article:

The definitive guide to San Pedro del Pinatar

Have you ever been to San Pedro on the Costa Cálida? It’s an attractive little town that can boast its own mud baths and salt flats as well as being a popular tourist destination without losing its Spanish character. If you are looking for somewhere to settle in Spain or perhaps buy a holiday home then this could be the destination for you.

David Ruiz tells us about its history, landmarks, gastronomy and how much it costs to rent or buy there:

Living in San Pedro del Pinatar Spain: The Definitive Guide
Spain extends UK driving license validity for a third time, until end of February
Extension to amnesty on driving licences

This is the third time that an extension has been given. It enables those who live in Spain but still holding a UK driving licence, to apply for a Spanish licence. Although talks are still underway to come to a long-term solution to enable UK retirees to drive, those who haven’t applied would be advised to do so:

Forget the parties: Four hiking trails to discover the quiet side of Ibiza
The quiet side to Ibiza

You might be surprised to read that there is one, but, as the article points out, Ibiza is a beautiful island with fabulous countryside and many places to discover. This article from El País introduces you to four hiking trails to start you off on your exploration of some of its unspoilt areas:
Michelin Guide awards new stars to 31 Spanish restaurants, but creates no new top-rated venues
Where to go for Michelin star food

If you are interested in knowing which of Spain’s restaurants are getting the Michelin thumbs up, then the latest awards have just been announced. El País in English has published this article about the most recent Michelin star awards for Spanish restaurants:

Sánchez vows to ‘continue rebuilding’ La Palma, after volcano eruption officially ends
The volcano sleeps again

It looks like the volcanic eruption on La Palma in the Canaries is finally over. The disruption was declared over after the last earth tremor was recorded on 13th December.

Now, it will be down to the government to help the island recover after the devastating volcanic activity that has seen 7,000 people forced to leave their homes:
Visit to Pascual Flores
See the Pascual Flores

If you are looking for something to do over the festive season you might like to have a look round the Pascual Flores. The Pascual Flores is a sailing ship that also acts as an exhibition centre. It can be visited by schoolchildren and the general public in Torrevieja until January 9th when it will head off to other destinations. The ship was actually built in Torrevieja in 1917 and since then it has been preserved and now acts as a floating and promotional museum for the city:

Visit to Pascual Flores

Calatrava la Vieja: the ancient Spanish city of the four hidden treasures
Treasure troves really do exist

It looks like in the 9th century people were just as anxious to cover themselves and make sure their assets were hidden away, just in case. In 1960 a farmer came across more than 100 coins that had been hidden away – presumably to safeguard their owner’s future in case of war. This find was followed by more in the same area of Calatrava la Vieja helping archaeologists find out about life during this period. El País in English tells us more about it:

Calatrava la Vieja: the ancient Spanish city of the four hidden treasures
Parade of the Three Wise Men Torrevieja 2022
Watch the Cabalgata Reyes Magos

Most towns and cities across Spain have the three kings parade on 5th January. This is the popular Spanish tradition of welcoming the three kings as they bring gifts to the local children. Arrangements will vary this year depending on local restrictions and you should take note of those that apply. Here we have some information about what’s happening in Torrevieja:

Parade of the Three Wise Men Torrevieja 2022
Spain passes ‘start-up law’ to attract international workers and foreign investment
Are you a remote worker thinking about living in Spain?

If you are wondering how new residency laws apply to you, then you could be in luck. Spain in English has just published this article explaining how Spain is keen to attract people who are ‘digital nomads’ and can bring areas of specialism and skills to the country:

Spain passes ‘start-up law’ to attract international workers and foreign investment
Food fighters: Spain’s annual Els Enfarinats battle – in pictures
Annual antics still continue

It’s not all doom and gloom. People across Spain are finding ways of enjoying the festive season in their own unique ways. This includes the Els Enfarinats battle staged in the Spanish town of Ibi. The Guardian has published photos of this rather unusual celebration of the Day of the Holy Innocents – or the equivalent of April fools’ day:

Food fighters: Spain’s annual Els Enfarinats battle – in pictures
Happy New Year!
Happy New Year!

Finally, to all our clients and readers, we would like to wish you all un feliz año nuevo and we hope you will continue to read our content into 2022 and beyond!
What interests you?
What interests you?

We would welcome any suggestions for future themes you would like us to cover either in the newsletter or in an article on Spain Explained.

Please let us know by email at

Thank you!
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