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
Tag: Expatriates
Beckham Law: Encouraging Foreign Investment and Talent in Spain
The Beckham Law, popularly referred to as such in reference to the English footballer David Beckham, who was one of the first beneficiaries of this regime, constitutes a tax provision in Spain conceived with the purpose of incentivizing the attraction of talent and foreign capital to the country. Initially associated with elite athletes, the application… Continue reading Beckham Law: Encouraging Foreign Investment and Talent in Spain
The Spanish Tax Office mitigates tax impact on expatriate workers returning to Spain
The Ministry of Finance has introduced measures to mitigate the tax impact on the return or arrival of expatriate professionals to Spain in the second half of the year. This action aims to put an end to the double taxation faced by workers who change residence to settle in Spain on a long-term basis. Previously,… Continue reading The Spanish Tax Office mitigates tax impact on expatriate workers returning to Spain
Admission of displaced self-employed individuals to the Beckham Law: requirements and procedures
I. Eligibility requirements: Absence of previous residency in Spain: pursuant to current regulations, it is stipulated as a fundamental requirement for admission to the special regime of the Beckham Law for displaced self-employed individuals that the applicant has not been a tax resident in Spain in the five years preceding the displacement that prompts the… Continue reading Admission of displaced self-employed individuals to the Beckham Law: requirements and procedures
Fiscal changes in the new year whats in store for taxpayers in 2024?
The year 2024 brings significant fiscal changes that will impact taxpayers. From adjustments in taxes on rental properties to modifications in income tax declaration obligations, including the reinstatement of the Wealth Tax in certain regions and expansions in deductions for energy efficiency improvements and donations. Here are the key transformations that may affect taxpayers: More… Continue reading Fiscal changes in the new year whats in store for taxpayers in 2024?
Modifications introduced in the Beckham Lay by the Startups Law
With the aim of attracting new talent to the country, modifications were made to Law 28/2022, of December 21, on the promotion of the startup ecosystem, better known as the “Startups Law”, which has brought significant changes to the regulation of the special regime for Personal Income Tax (IRPF). These modifications came into effect on… Continue reading Modifications introduced in the Beckham Lay by the Startups Law
Tax Advisor: How is the Beckham Law applied?
“The Beckham Law” refers to the special tax regime for foreign workers who establish their tax residence in Spain. Officially known as Decree Law 687/2005, this regime is named after the famous British footballer David Beckham, who was one of the first to benefit from its provisions when he moved to Real Madrid in 2003. … Continue reading Tax Advisor: How is the Beckham Law applied?
Tax Advisor: Constitutional Court evaluates challenge to Wealth Tax in Spain
The Constitutional Court is currently evaluating whether the permanent inclusion of the Wealth Tax in the 2021 Budgets violates the principles of legal reserve and economic capacity. This measure has been contested, and a ruling is expected from the justices in the coming weeks. The dispute revolves around the legality of permanently reintroducing the tax,… Continue reading Tax Advisor: Constitutional Court evaluates challenge to Wealth Tax in Spain
Tax Advisor: Approval of new tax measures on taxes
In this article we well be talking about Taxes. In the session of the Congress of Deputies on January 10, 2024, the validation of two decree-laws was approved: Royal Decree-Law 6/2023, addressing urgent measures for the implementation of the Recovery, Transformation, and Resilience Plan in various areas, and Royal Decree-Law 8/2023, dealing with the economic… Continue reading Tax Advisor: Approval of new tax measures on taxes
Tax Advisor: Requirements of the Beckham Law in 2024
Before addressing the new changes and requirements that the Beckham Law will present in 2024, we will briefly review this regime. The “Beckham Law” is the colloquial name given to a special tax regime in Spain designed for individuals who move to the country to work and, therefore, are considered non-resident taxpayers. Its official name… Continue reading Tax Advisor: Requirements of the Beckham Law in 2024
