Download for free the most positive tax document in Spain
How much tax do I have to pay in Spain?
Income Tax Rates in Spain
If you are considered a tax resident in Spain under Spanish law and applicable double taxation treaties, you are required to file an annual income tax return on your own initiative before 30 June.
Spanish income tax is divided into two categories:
(I) General Income Tax Rates
Spain applies progressive income tax rates. The highest general national bracket reaches 47%, applicable to taxable income exceeding €300,000.
Current national rates:
| Amount | Until (euro) | Rate | Starting scale (euro) |
| 0 | 12.450 | 19% | 0 |
| 12.450 | 20.200 | 24% | 2.366 |
| 20.200 | 35.200 | 30% | 4.226 |
| 35.200 | 60.000 | 37% | 8.726 |
| 60.000 | 300.000 | 45% | 17.902 |
| 300.000 | > | 47% | 125.902 |
Spain consists of 17 autonomous regions, each of which has the authority to adjust its own tax rates. As a result, the effective rate may vary – in general being higher -depending on where you live.
There is a general tax-free allowance of €5,550, which may increase depending on your personal situation, particularly if you have dependent children or other qualifying factors.
(II) Savings Income and Capital Gains
Income from savings (such as interest) and capital gains (for example, from shares or real estate) is taxed separately at lower rates:
| From | Until | Rate | Starting Scale (euro) |
| 0 euro | 6.000 euro | 19% | 0 |
| 6.000 euro | 50.000 euro | 21% | 1.140 |
| 50.000 euro | 200.000 euro | 23% | 10.380 |
| 200.000 euro | 300.000 euro | 27% | 44.880 |
| 300.000 euro | > | 30% | 71.880 |
For non-residents:
- EU residents: flat rate of 19%
- Non-EU residents: flat rate of 24%
Spanish tax residents who work abroad may, under certain conditions, qualify for an income tax exemption of up to €60,100.
Wealth Tax in Spain
You are also required to file an annual wealth tax return before 30 June if your assets exceed the applicable exemptions.
If your gross assets exceed €2 million, filing is mandatory regardless of whether your net wealth falls below the exemption threshold.
- Residents must declare worldwide assets
- Non-residents only declare assets located in Spain
In most cases, any wealth tax paid in Spain can be credited against taxes in your home country.
As with income tax, Spain’s 17 autonomous regions can set their own rates and exemptions. If a region has not established specific rules, the national rates apply.
National Wealth Tax Rates
| Wealth | Until (euro) | Rate | Starting Scale (euro) |
| 0 | 167.129 | 0,20% | 0 |
| 167.129 | 334.253 | 0,30% | 334 |
| 334.253 | 668.500 | 0,50% | 836 |
| 668.500 | 1.337.000 | 0,90% | 2.507 |
| 1.337.000 | 2.674.000 | 1,30% | 8.523 |
| 2.674.000 | 5.347.998 | 1,70% | 25.904 |
| 5.347.998 | 10.695.996 | 2,10% | 71.362 |
| 10.695.996 | > | 3,50% | 183.670 |
Tax-Free Allowances
- General exemption: €700,000
- Some regions apply different thresholds (e.g. Catalonia: €500,000)
- Certain regions (such as Madrid and Andalusia) still apply a full tax relief (effectively eliminating wealth tax in many cases)
In addition, there is a €300,000 exemption for your primary residence. This does not apply to second homes or investment properties.
A Turbulent History & Ongoing Changes
Spain has long had a wealth tax. In 2007, during a period of economic growth, the tax was effectively neutralised through a 100% “rebate,” meaning it still existed legally but no tax was due.Following the financial crisis, this rebate was removed in most regions, and wealth tax was reintroduced. Initially as a “temporary” measure for 2011 and 2012.However, it has since been extended indefinitely.
Solidarity Tax
In 2023, a “temporary solidarity tax” was introduced for individuals with taxable assets exceeding three million euros. The general allowance of 700,000 euros that applies under Spain’s wealth tax can be added to this threshold.
Although initially intended to apply only in 2023 and 2024, the measure was—unsurprisingly—extended indefinitely at the end of 2023. This tax mainly affects individuals living in regions where a rebate or full exemption from wealth tax has been granted.
In essence, it functions as a disguised form of wealth taxation, ensuring that tax can still be levied in regions that had independently decided to abolish wealth tax. The solidarity tax applies to residents, non-residents, and individuals benefiting from the so-called Beckham Regime.
Below are the general national rates applicable to Spain’s solidarity tax.
| Wealth | Up to (euro) | Tax Rate | Lower threshold |
| 0 | 3.000.000 | 0,00% | 0 |
| 3.000.000 | 5.347.998 | 1,70% | 0 |
| 5.347.998 | 10.695.996 | 2,10% | 39.915 |
| 10.695.996 | > | 3,50% | 152.223 |
Download our Tax Rates document > Free of Charge
Download our document Tax Rates Spain, focused on foreigners and with useful tips for extra deductions.
More information or a proposal?
Would you like more information or a proposal? Send us your question, it will take you you less than a minute and we will be happy to assist you.
You will receive a reply within one business day