Income tax Spain: What is the Beckham Law? - Svenja Werner English Español. (August 2021) The " Beckham Law " ( Spanish: ley Beckham; Royal Decree 687/2005) is a Spanish Tax Decree passed in June 2005. Find tech jobs in Spain. There are . One advantage of this specific calculator is that it allows you to choose a currency other than euros . You'll then get a breakdown of your total tax liability and take-home pay. What is Beckham Tax Rule in Spain? 21% for the following EUR 6,000 to EUR 50,000 of taxable income. She is one of the founders of Tejada Solicitors, which comprises a group . Beckham Law: Special Tax Regime for impatriates | DiG Abogados Total tax liability consists of the tax liability computed under the general rates plus the tax liability computed under the autonomous community rates. Beckham Law is the tax for non-residents that apply only to income earned in Spain, not to world income. This means that only the income earned in Spain is taxed at a rate of 24% the first 600.000 Euros, becoming 45% from this amount for income included in the general base (salaries and returns on real estate capital mainly). What does the Beckham law imply? Taxable income band €. CZK. So £6K owed to HMRC . Normally, when you become a tax resident in Spain, your income is subject to Spanish Personal Income Tax (Impuesto sobre la Renta de las Personas Físicas). The Special Expats' Tax Regime (SETR), otherwise known as the Beckham Law, was introduced in 2003 to enable expats in Spain to pay a flat income tax rate of 24 percent. Economise on taxes as an expat in Spain - Barcelona Expat Life THE BECKHAM LAW: DOES IT AFFECT YOU? - Andalucía Lawyers Calculate your net salary in. Beckham Law is a special tax law for foreigners who have income in Spain. 19%. Nowadays, if you are moving to Spain or plan to work in Spain, you can save tax thanks to the great English footballer David Beckham. Capital Gains Tax - you will need to pay capital gains tax for any properties, investments or other assets that are located in Spain. Compound Interest Calculator Present Value . You can choose the preferred currency for the input amounts and displayed calculation. As explained earlier, upon becoming Spanish tax resident, the Beckham Law may become a very attractive alternative proposition if the applicable above-mentioned conditions can be met.
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