๐Ÿ‡ช๐Ÿ‡ธ Spain

Europe
2 residency programs
Residence-based taxation
Tarragona, Cataluรฑa, Spain

Countries / Spain

Spain, officially the Kingdom of Spain is a country in Southwestern Europe with some pockets of Spanish territory across the Strait of Gibraltar and the Atlantic Ocean.

Spain's capitalist mixed economy is the 14th largest worldwide and the 5th largest in the European Union, as well as the Eurozone's 4th largest.

In 2005 the Economist Intelligence Unit's quality of life survey placed Spain among the top 10 in the world. Spain's geographic location, popular coastlines, diverse landscapes, historical legacy, vibrant culture, and excellent infrastructure has made the country's international tourist industry among the largest in the world. In the last five decades, international tourism in Spain has grown to become the second-largest in the world in terms of spending.

Known for

Fact Sheet

Continent

Europe

Demonym

Spanish

Calling code

+34

Driving side

Right

Motto

Further beyond (Plus Ultra)
Population
46,733,038
Human development index
0.89
Life expectancy
83 years
Unemployment rate
25%
Inflation rate
1.6%
Fertility rate
1.3

Cost of Life

Cost of Living Index
53.77
Rent Index
21.77
Groceries Index
42.38
Restaurant Price Index
52.07
Local Purchasing Power Index
72.03

Residency Programs (2)

Taxation overview

Tax system

Residence-based taxation

Countries with a residence-based taxation levy tax from your worldwide income for as long as you're a tax resident of that country. This is the most common taxation system.

Tax residence definition varies from country to country. General rule is you're a tax resident of a country if you spend 183 days or more in it in a year.

Tax rates

Personal Income Tax (IRPF - Impuesto sobre la renta de las personas fรญsicas)

National rates: Progressive tax up to 22.5% above 60,000 EUR (64,425 USD).

Regional rates:
Unless stated otherwise, regional rates apply on top of national rates.

  • Andalucรญa: Progressive tax up to 22.5% above 60,000 EUR (64,425 USD).

  • Aragรณn: Progressive tax up to 25% above 150,000 EUR (161,063 USD).

  • Asturias: Progressive tax up to 25.5% above 175,000 EUR (187,907 USD).

  • Canarias: Progressive tax up to 24% above 90,000 EUR (96,638 USD).

  • Cantabria: Progressive tax up to 25.5% above 90,000 EUR (96,638 USD).

  • Castilla La Mancha: Progressive tax up to 22.5% above 60,000 EUR (64,425 USD).

  • Castilla y Leรณn: Progressive tax up to 21.5% above 53,407 EUR (57,346 USD).

  • Cataluรฑa: Progressive tax up to 25.5% above 175,000 EUR (187,907 USD).

  • Ceuta: Progressive tax up to 22.5% above 60,000 EUR (64,425 USD).

  • Comunidad Valenciana: Progressive tax up to 25.5% above 120,000 EUR (128,851 USD).

  • Comunidad de Madrid: Progressive tax up to 21% above 53,407 EUR (57,346 USD).

  • Extremadura: Progressive tax up to 25% above 120,200 EUR (129,065 USD).

  • Galicia: Progressive tax up to 22.5% above 60,000 EUR (64,425 USD).

  • Islas Baleares: Progressive tax up to 25% above 175,000 EUR (187,907 USD).

  • Melilla: Progressive tax up to 22.5% above 60,000 EUR (64,425 USD).

  • Murcia: Progressive tax up to 22.5% above 60,000 EUR (64,425 USD).

  • Navarra: Progressive tax up to 52% above 300,000 EUR (322,127 USD).
    Only regional taxes apply.

  • La Rioja: Progressive tax up to 25.5% above 120,000 EUR (128,851 USD).

From:

  • Worldwide income, if resident
  • Spanish director's fees, if resident or non-resident
Dividend Tax

Progressive tax up to 23% above 50,000 EUR (53,688 USD).

From:

  • Worldwide dividends, if resident

Rates Year of Assessment

YA 2020

Tax Treaties (95)

Spain has concluded 95 tax treaties (also called double tax agreements, or DTAs) with other countries to avoid or mitigate double taxation. Such treaties may cover a range of taxes including income taxes, inheritance taxes, value added taxes, or other taxes.
Project by @SlyBridges

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