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The personal tax allowance differs depending on age. For the year 2019 under 65s, the personal tax allowance is €5,550. Individuals aged between 65 and 75 are allowed a €6,700 personal allowance. Anyone above 75 receives the highest personal allowance at €8,100.
Spanish income tax includes a personal tax free allowance and an allowance per child. In 2012 a special temporary surcharge was introduced as part of austerity measures to balance the budget. The personal allowance currently stands at €5,151. 1st child €1,836; 2nd child €2,040; 3rd child €3,672; 4th & subs €4,182
The "Beckham law" (Spanish: ley Beckham; Royal Decree 687/2005) is a Spanish tax decree passed in June 2005. [1]The law gained its nickname after the footballer David Beckham became one of the first foreigners to take advantage of it.
6.9% (for minimum wage full-time work in 2024: includes 20% flat income tax, of which first 7848€ per year is tax exempt for low-income earners + 2% mandatory pension contribution + 1.6% unemployment insurance paid by employee); excluding social security taxes paid by the employer
In 2020, in the middle of the pandemic, Spain already saw a muscular rise in tax breaks, […] Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us ...
The Spanish Tax Administration Agency (Spanish: Agencia Estatal de Administración Tributaria, AEAT), commonly known as Agencia Tributaria, is the revenue service of the Kingdom of Spain. The agency is responsible for the effective application of the national tax and customs systems and for those resources of other Public Administrations and ...
Related: Shakira Settles Spanish Tax Fraud Case with the 'Best Interest of My Kids at Heart' In her letter, Shakira wrote that 2023 was a difficult year for her, as the media was watching her ...
Tax-loss harvesting is an additional strategy that can help reduce your dividend taxes. If you have any capital losses in a given year, you can use them to offset both your capital gains and up to ...