If you opt for the Beckham regime, instead of being taxed as the locals with a tax rate between 19 and 45 percent for the worldwide income, you will be taxed in Spain under the Non-Resident Income Tax with a reduced tax rate. If taxed as a resident, the expat would be subject to a progressive tax scale ranging from 15% to 43% depending on their level of income. The Spain Annual Income Tax Calculator is designed to provide you with a salary illustration with calculations to show how much income tax you will pay in 2022/23 and your net pay (the amount of money you take home after deductions). spain tax calculator for expats - geofflaughton.com Tax in Spain | How to apply for the Beckham Law in Spain by Welex your ... Is that the correct treatment? Are you looking to relocate to Spain, or have you moved? 21% for the following EUR 6,000 to EUR 50,000 of taxable income. Under this exemption, the expat would be subject to a flat 24% tax rate up to 600,000€, rather than the progressive tax rates applicable to Spanish residents. Capital Gains Tax - you will need to pay capital gains tax for any properties, investments or other assets that are located in Spain. Personal tax allowance Spain is comprised of two categories: Income savings and general income. In general, non-resident taxpayers are taxed at the rate of 24 percent on income obtained in Spanish territory or which arises from Spanish sources, and at the rate of 19 percent on capital gains and financial investment income arising from Spanish sources. Spain - Individual - Residence - PwC English Español. Download Tax Guide Spain | Blevins Franks For example: If you choose EUR as your preferred currency, then the income entered will be converted to Spain's native currency for the calculation so that . Last reviewed - 27 January 2022. Fill in and submit a tax register declaration using Form 030. Almost flat tax rates One of the benefits of the Beckham Law, perhaps the main advantage, is that incomes in the general tax base (employment income, rents, etc.) This special expats tax regime results in an important tax incentive for those highly skilled workers who come to Spain for work reasons. A tax of up to €12,450 at 19%. This is similar to the company tax rollover regime. Filing and payment in Spain Monthly returns to be filed when the annual turnover exceeds EUR 6 million. Spanish Flat Rate Tax (Beckham Law) UK Implication The output information is very clearly laid out: gross income, tax due, net income, and overall Spain tax rate. These are: You must not have been tax resident in Spain for 10 tax periods (10 calendar years) prior to your employment placement. Calculate your net salary in. The special tax for expats, Régimen Especial para Trabajadores Desplazados (otherwise known as the Beckham Tax) means that your personal income tax is limited to 24% on earnings up to €600,000 per .