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
Tag: Beckham law
“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
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?
Beckham Law: The Special Tax Regime, Beneficial for Digital Nomads and Inpatriates
The Special Tax Regime for workers, professionals, entrepreneurs, and investors relocated to Spanish territory, commonly known as the “Beckham Law”, is aimed at workers, both Spanish and foreign, who move to Spain for work purposes or to telework from Spain. According to this regulation, relocated workers who meet certain requirements have the option to choose… Continue reading Beckham Law: The Special Tax Regime, Beneficial for Digital Nomads and Inpatriates
The Beckham Law and its implications on payroll: key aspects
The Beckham Law, formally known as the “special tax regime applicable to workers, professionals, entrepreneurs and investors relocated to Spanish territory”, regulates the taxation, in accordance with non-resident regulations, of the income of individuals relocated to Spain who have acquired tax residence. Since its introduction in 2005, this regulation has been the subject of attention… Continue reading The Beckham Law and its implications on payroll: key aspects
FISCAL INNOVATIONS IN THE COMMUNITY OF MADRID FOR 2024: TAX ON LARGE FORTUNES, PERSONAL INCOME TAX AND WEALTH TAX
In 2022, the national level approved the Tax on Large Fortunes, which obliged many Autonomous Communities to modify their regulations regarding Wealth Tax. Among them, the Community of Madrid, which also made adjustments to its tax. Since 2008, a 100% rebate was applied to the Wealth Tax quota. However, with the introduction of the new… Continue reading FISCAL INNOVATIONS IN THE COMMUNITY OF MADRID FOR 2024: TAX ON LARGE FORTUNES, PERSONAL INCOME TAX AND WEALTH TAX
Beckham Law: everything you need to know
The Beckham Law, also known as the special regime for displaced workers or Impatriates Law, constitutes a unique tax regime aimed at individuals displaced who enter the workforce in Spain. Essentially, this legislation grants certain workers previously domiciled abroad the possibility of opting for a particular tax regime, more favorable than the general regime applied… Continue reading Beckham Law: everything you need to know
Renta 2023 Campaign: New tax incentives in the Community of Madrid to attract foreign investment
The Renta 2024 in Madrid starts with innovative measures and a new personal income tax deflation, while progress is being made in the processing of a personal income tax deduction to attract foreign investment. Although we have already known about the personal income tax deflation in Madrid for months, progress is now being made on… Continue reading Renta 2023 Campaign: New tax incentives in the Community of Madrid to attract foreign investment
Legal Analysis of Professional and Investor Attraction to Spain Upon the Conclusion of the “Nom-Dom” Regime in the United Kingdom
Due to the UK’s renunciation of its historic special expatriate regime known as “Nom-Dom,” Spain finds itself in a new situation offering the opportunity to attract both qualified professionals and substantial investments. This decision implies that professionals and holders of significant assets currently residing in the UK will lose their main tax benefit, thereby increasing… Continue reading Legal Analysis of Professional and Investor Attraction to Spain Upon the Conclusion of the “Nom-Dom” Regime in the United Kingdom