Taxation in Spain for Non-Residents
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Taxation in Spain for Non-Residents
Spain is a popular destination for tourists and second-home buyers from all around the world. However, non-residents are also subject to taxation in Spain. In this article, we will explain taxation in Spain for non-residents, including regional variances.
Taxation in Spain for Non-Residents
Non-residents in Spain are subject to taxation on income generated in Spain, such as rental income, capital gains, and dividends. The following table shows the tax rates for non-residents in Spain:
Income Type | Tax Rate |
Rental Income | 19%-24% |
Capital Gains | 19%-23% |
Dividends | 19% |
It is important to note that the above tax rates are the national tax rates. The regional governments of Catalonia and the Basque Country have their own tax rates for non-residents.
Regional Variances in Taxation for Non-Residents
As mentioned, the regional governments of Catalonia and the Basque Country have their own tax rates for non-residents, which means that they have different tax brackets. The following table shows the tax brackets for non-residents in Catalonia and the Basque Country:
Catalonia Tax Bracket | Tax Rate |
Up to €700 | 19% |
€701-€1,500 | 24% |
Over €1,500 | 24% |
Basque Country Tax Bracket | Tax Rate |
Up to €1,000 | 20% |
€1,001-€6,000 | 21% |
Over €6,000 | 25% |
It is important to note that the above tax brackets and rates may change from year to year. It is also important to consult with a tax professional to ensure that you are aware of your tax obligations and are taking advantage of any available deductions or exemptions.
Non-residents in Spain are subject to taxation on income generated in Spain, such as rental income, capital gains, and dividends. The tax rates for non-residents in Spain vary depending on the type of income and the region. It is important to be aware of the tax brackets and rates in order to make informed decisions about your finances and plan accordingly. If you are unsure about your tax obligations, a Chorus adviser can provide guidance and advice.
Qualified & Regulated Advice
Contact Chorus Financial today for a free, no obligation call with a qualified Financial Adviser in Spain. Provide brief information on what you need help or advice with, and let us know what part of Spain, or elsewhere, you are based in so we can assign the best Spanish based financial adviser for you.