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“Impuesto Sobre la Renta de no Residentes” is a tax on rental income for non-resident landlords in Spain. For the tax year 2020, the tax rate is 19% for residents of the EU, Norway and Iceland. Meanwhile, the tax rate is 24% for citizens of other countries. If the property is not rented out, non-residents must submit a deemed tax return. [10]
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
The quoted income tax rate is, except where noted, the top rate of tax: most jurisdictions have lower rate of taxes for low levels of income. Some countries also have lower rates of corporation tax for smaller companies. In 1980, the top rates of most European countries were above 60%. Today most European countries have rates below 50%. [1]
With a headline personal income tax rate (PIT) of 37%, the U.S. tied for just the 41st highest in the latest roundup by GOBankingRates, sourced from PricewaterhouseCoopers' World Tax Summaries.
Around one in every 1,000 taxpayers in Spain will have to pay a new wealth tax, which the government expects will bring in up to 1.5 billion euros.
Taxation in Spain (10 P) ... Income tax in European countries; List of countries by inheritance tax rates; List of sovereign states by tax revenue to GDP ratio;
In 2024, federal income tax rates remain at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. While these rates stay the same for 2025, the income thresholds for each bracket will adjust for inflation.
Should such an election be made, the expatriate will be subject to Spanish taxes on Spanish source income and on assets located or exercisable in Spanish territory, calculated at a flat 24.75% tax rate on salary income (the tax rate was increased from 24% to 24.75% in January 2012).