Congratulations to our partner Inmaculada Pineda who has been ranked again in the 2024 Private Wealth Law ranking. Especially proud of the reviews from our clients during the interviews. Hard work definitely pays off! Congratulations Inma!
Category: B Law & Tax
Retroactivity of the Beckham Law for Expatriates in Spain
The Spanish Ministry of Finance has implemented a significant update to the well-known “Beckham Law” with the aim of attracting and retaining high-level international talent. The 2024 legislative reform introduces retroactivity in this law to clarify and stabilize the tax situation of foreign workers through a special regime that is both inclusive and flexible. This… Continue reading Retroactivity of the Beckham Law for Expatriates in Spain
“The Beckham Law” or How to Save on Taxes in Spain as an Expat
¿Qué pasaba antes de la “Ley Beckham”? Hasta 2005, los extranjeros que vivían en España por más de 183 días al año se consideraban residentes fiscales, lo que les imponía ciertas obligaciones tributarias. Dos de las más controvertidas eran: Muchos extranjeros se quejaban de la alta carga fiscal en España, lo que llevó a la… Continue reading “The Beckham Law” or How to Save on Taxes in Spain as an Expat
Understanding the Beckham Law: Tax benefits and key considerations for workers posted to Spain
What is the Beckham Law? The Beckham Law, whose technical name is “special tax regime applicable to workers, professionals, entrepreneurs and investors posted to Spanish territory” according to the Personal Income Tax Law, is a special regime that offers tax advantages to those who move their tax residence to Spain. Features of the Beckham Law… Continue reading Understanding the Beckham Law: Tax benefits and key considerations for workers posted to Spain
The Community of Madrid will implement the “Mbappé Law” to attract foreign investors
The Community of Madrid is about to finalize the so-called “Mbappé Law,” a reform of the IRPF, as the region manages 50% of this tax. This law will allow new taxpayers who relocate to the Community and make investments within it to save up to 60 million euros annually on the tax. The Madrid Assembly… Continue reading The Community of Madrid will implement the “Mbappé Law” to attract foreign investors
Europe will harmonize and simplify the processes to eliminate double taxation when recovering the investment
Europe seeks to implement safer and more efficient withholding tax procedures for cross-border investors. The European Council has just approved the Faster Directive, a new regulation that will change the taxation of dividends (on securities and shares) and interest (on bonds) paid to investors in the European Union. “Harmonizing our tax mitigation procedures is essential… Continue reading Europe will harmonize and simplify the processes to eliminate double taxation when recovering the investment
What is the Beckham Law?
The Beckham Law is a favorable tax regime aimed at foreigners who move to live in Spain, known as “expatriates.” This regime was introduced by Royal Decree 687/2005, which amended the Personal Income Tax Law (IRPF). Under this regime, beneficiaries are taxed according to the Non-Resident Income Tax (IRNR) for the first six tax periods.… Continue reading What is the Beckham Law?
The Beckham Law application period is still open?
On December 6, 2023, Royal Decree 1008/2023 was published in the Official State Gazette (BOE), which amends the Personal Income Tax Regulations. These amendments, in the context of the special regime for workers posted to Spain (impatriate regime), are aimed at aligning the Regulation with the new scenarios established by the Startups Law regarding the… Continue reading The Beckham Law application period is still open?
Tax residence certificate issued by another State in the sense of the Double Taxation Treaty: the national administrative or judicial authorities cannot question its validity without applying the “tie-breaking” rules provided for in the corresponding Treaty.
In the last year there have been several pronouncements by judicial organs, among others by the Spanish Supreme Court itself, which have set limits to the actions of the Tax Administration when claiming tax residence in Spain by means of a practice (which, unfortunately, is not uncommon) consisting of questioning, or even ignoring, the content… Continue reading Tax residence certificate issued by another State in the sense of the Double Taxation Treaty: the national administrative or judicial authorities cannot question its validity without applying the “tie-breaking” rules provided for in the corresponding Treaty.
The Central Economic-Administrative Tribunal (TEAC) has standardized criteria regarding the deduction for investment in a habitual residence not made prior to the year 2013
In its Resolution 00765/2023, dated April 22, 2024, the Central Economic-Administrative Tribunal (TEAC) has decided to unify criteria regarding the possible application of the deduction for investment in a habitual residence in years after 2012 for those taxpayers who purchased their habitual residence before January 1, 2013, and who did not use or report said… Continue reading The Central Economic-Administrative Tribunal (TEAC) has standardized criteria regarding the deduction for investment in a habitual residence not made prior to the year 2013