Income Tax in Spain! By leading accountancy firm in Marbella Welex
Another one of the most relevant taxes in the Spanish tax system is the Income tax for individuals. In Spanish, the so known Impuesto sobre la Renta de las Personas Físicas (I.R.P.F.) that levies the income of individuals in accordance with their family and personal circumstances. This Spanish tax is one of the main financial sources of Autonomous Communities.
IRPF 2016. Income Tax Scale in Spain.
The tax advisors of our law firm in Marbella are pleased to confirm you the scale for the Income tax for Natural Persons for the year 2016. This tax must be filed during the first months of the year 2017.
Fundamentally there are two types of scales:
Scale on central level:
| Tax base | Applicable rate on central level | Applicable
*rate autonomous community |
Total rate |
| Euros | Percentage | Percentage | Percentage |
| Until 12.450,00 | 9,50 | 9,50 | 19,00 |
| The next 7.750,00 | 12,00 | 12,00 | 24,00 |
| The next 15.000,00 | 15,00 | 15,00 | 30,00 |
| The next 24.800,00 | 18,50 | 18,50 | 37,00 |
| From then forward
(as from 60.000 euros) |
22,50 | 22,50 | 45,00 |
Scale on Autonomous level: applicable for the tax period that starts in January 2016 and for the fiscal residents of the Andalusian Autonomous Community as shown below:
| Tax base – Until euros | Sum to be paid – Euros | Rest tax base – until euros | Applicable rate – Percentage |
| 0,00 | 0,00 | 12.450,00 | 10 |
| 12.450,00 | 1.245,00 | 7.750,00 | 12,00 |
| 20.200,00 | 2.175,00 | 7.800,00 0 | 15,00 |
| 28.000,00 | 3.345,00 | 7.200,00 | 16,50 |
| 35.200,00 | 4.533,00 | 14.800,00 | 19,00 |
| 50.000,00 | 7.345,00 | 10.000,00 | 19,50 |
| 60.000,00 | 9.295,00 | 60.000,00 | 23,50 |
| 120.000,00 | 23.395,00 | From then onwards | 25,50 |
Statistics IRPF for the year 2016 that is filed in the year 2017.
There are still no statistics published for the year 2016, but in general it is estimated to expect:
- Number of tax returns in Spain: 20 millions.
- More than ¾ are tax returns on Income from Work in Spain.
- The average sum paid on account of the Income Tax for Natural Personas is approximately 3.750 Euros.
Deadlines on which the Income tax in Spain is filed for the year 2016.
The 30th of June 2017 is the last date to file the Spanish Income tax return IRPF 2016. In case of making the payment through direct debit the deadline is until 20.06.2017.
Do you need information or advice on your Income Tax return in Spain? Do not hesitate to contact the economists and tax advisors at Welex. Your law firm and team of accountants / economists in Marbella, Malaga.
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