Welex, your office of efficient accountants in Spain, informs you about the changes in the tax regime for workers displaced in Spanish territory, that is, the tax regime known as the Beckham law in Spain.

 

Scales applicable to workers posted to Spanish territory (Beckham Law in Spain)

The tax regime, well known as the Beckham law in Spain, provided in article 93 of the Personal Income Tax Law in Spain affects workers displaced to Spanish territory. From January 1, 2021, the applicable rates will be modified to determine the full fee.

 

Beckham Law in Spain

 

Tax scale of earned income in Spain (Beckham law in Spain)

First, the following scale is applied to the taxable base:

Payable base

Euros

Applicable rate

Percentage

Until 600.00024
From 600.000,0147

 

(Previously in Beckham Law, the percentage applicable to the taxable base from 600,000 euros was 45%).

 

Tax scale applicable to dividends, interest:

Taxable base of savings
Up to euros
Full fee
Euros
Rest of the taxable base of savings
Up to euros
Applicable rate
Percentage
006.00019
6.000,001.14044.00021
50.000,0010.380150.00023
200.000,0044.880En adelante26

 

(A new tranche is created for the taxable base from 200,000 euros. A rate of 26% will be applied.)

Likewise, in this special regime, the percentage of withholding or payment on account on work income is modified.

Specifically, since 01.01.2021, withholdings on work income that exceed 600,000 euros have risen to 47% (previously it was 45%) as reflected in article 61 of the Law of the General State Budgets for the year 2021.

 

Do not hesitate to contact our law firm and economists in Spain if you wish to obtain more information about the special tax regime known as the Beckham Law in Spain.

Welex, your accountant and tax advisor in Marbella specialized in the Beckham law in Spain!

 

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