Spain Tax Calculator for Expats
Here's a comprehensive table summarizing key aspects of taxation for expats in Spain:
| Aspect | Details |
|---|---|
| Tax Residency Requirement | 183 days stay or major economic interests in Spain14 |
| Income Tax Rates (Residents) | Progressive: 19% (up to €12,450), 24% (€12,450-€20,200), 30% (€20,200-€35,200), 37% (€35,200-€60,000), 45% (€60,000-€300,000), 47% (over €300,000)24 |
| Income Tax Rates (Non-Residents) | 24% on Spanish source income (19% for EU/EEA residents)15 |
| Beckham Law (Special Expat Rate) | 24% on income up to €600,000, 45% above67 |
| Property Tax (Residents) | Real Estate Tax (IBI): varies by location, often around 1%38 |
| Property Tax (Non-Residents) | IBI: 0.4% to 1.1% depending on location8 |
| Capital Gains Tax | 19% for both residents and non-residents15 |
| Wealth Tax | Varies by region, with some regions offering exemptions4 |
| Social Security Contributions | Employee: 6.35%, Employer: 29.9% (rates may vary)4 |
| Tax Year | Calendar year (January 1 to December 31)4 |
| Tax Return Deadline | Generally between April and June of the following year14 |
| Double Taxation Agreements | Spain has agreements with many countries to avoid double taxation6 |
Key points for expats:
- Tax residency is crucial in determining your tax obligations. If you spend more than 183 days in Spain or have your main economic interests there, you're likely to be considered a tax resident14.
- As a tax resident, you're taxed on your worldwide income at progressive rates. Non-residents are only taxed on Spanish-source income at flat rates15.
- The Beckham Law offers a special tax regime for certain expats, allowing them to be taxed as non-residents for up to 6 years, which can result in significant tax savings67.
- Property owners in Spain must pay annual property taxes, regardless of residency status38.
- Spain has double taxation agreements with many countries, which can help prevent paying taxes twice on the same income6.
- It's crucial to file your tax return on time to avoid penalties. The general deadline is between April and June of the year following the tax year14.
Remember, tax laws can be complex and change frequently. It's advisable to consult with a Spanish tax professional for personalized advice based on your specific situation.