Impatriates and expats

//Impatriates and expats

Impatriates and expats

retencionesExpats in Spain, as in all European Countries, have a special regulation.

Bufete Escura has a specific service for expats that basically includes four areas: Tax, Corporate, Labor and application for NIE.

Tax issues must be taken into special consideration. To a foreign resident in Spain will affect three different taxation systems:

  • NOT RESIDENTS
  • RESIDENTS
  • IMPATRIATES SYSTEM

The application system is determined basically by:

  • NON-RESIDENTS have not to reside in Spain more than 183 days but have to receive income in Spain.
  • RESIDENTS that reside in Spain for more than 183 days are in the general scheme as if they were Spanish.
  • IMPATRIATES SYSTEM is an exceptional regime that is applied to displaced persons for work reasons and is eligible for up to five years.

Indicated below the tables for each application system:

  1. TAX RATES FOR RESIDENT IN SPAIN:

General Taxable Base:

TAXABLE INCOME  UP TO  FROM 2016
0€ 12.450€ 19% 
12.450€ 20.200€ 24%
20.200€ 34.000€ 30%
34.200€ 60.000€ 37%
60.000€ From now 45%

Savings Taxable Base:

TAXABLE INCOME UP TO 2015 2016
0€ 6.000€ 20% 19%
6.000€ 50.000€ 22% 21%
50.000€ From now 24% 23%

  1. TAX RATES FOR NON-RESIDENT (IRNR):
  2014  2015 2016
General Rate 24,75% EU / Iceland / Norway 20% (until 11/07/15)

UE / Iceland / Norway 19,5 % (from 12/07/15)

Others    24%

EU / Iceland / Norway   19%

Others: 24%

Interests, dividends, profits, etc.  

21%

Until 11/07/15:  20%

From 12/07/15: 19,50%

19%
Tax Rate  21%  Until 11/07/15:  20%

From 12/07/15: 19,50% 

19%

  1. IMPATRIATES SYSTEM:
  2014  2015
GENERAL RATE

 

24,75% Up to 600.000€: 24%

– Above 600.000€: 45% (47% in 2015).

TAX RATE FOR INTERESTS, DIVIDENDS AND OTHER PROFITS, ETC.

 

21% – Up to 6.000€: 19% (20% in 2015).

-From 6.000€ to 50.000€: 21% (22% in 2015).

– Above: 23% (24% in 2015)

For further information, please click here.

2015-11-19T11:14:11+00:00 19 de noviembre, 2015|International Desk|Sin comentarios