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?
Tag: law 28/2022
Tax Advisor: Regional Discounts in the Wealth Tax
The 2022 Wealth Tax Manual from the AEAT reports that when filing the Wealth Tax declaration for the 2022 fiscal year, seven autonomous communities (Andalusia, Aragon, Asturias, Balearic Islands, Catalonia, Galicia, and the Community of Madrid) offered regional discounts at different percentages. Later, Extremadura joined, and recently, Cantabria implemented a general discount starting with the… Continue reading Tax Advisor: Regional Discounts in the Wealth Tax
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
Tax advisor: Improved tax deduction for investing in new or newly created companies
Law 28/2022, approved on December 21, has introduced improvements to the deduction for investment in start-up companies as established in article 68.1 of the Personal Income Tax Law (LIRPF). These improvements include an increase in the deduction percentage from 30% to 50% and an increase in the maximum deduction base from 60,000 to 100,000 euros… Continue reading Tax advisor: Improved tax deduction for investing in new or newly created companies