Taxation for residents in spain and for non residents

17/07/2015

It has been changed recently the general (from the State)basis of the Income Tax for physical persons residents in Spain, by means of the RD 9/2015 of 10/10.

The following examples include the needed tax adaptations for residents in Catalonia

TAXATION FOR RESIDENTS IN SPAIN

INCOMES DUE TO ECONOMIC ACTIVITIES, PROFESSIONALS, INCOMES FROM PROPERTIES, REVENUE SHARING:

Taxable basis

It was estimated for 2015

It has changed for 2015 with retroactive effects from January 2015

2.016

To 12.450

20%

19,50%

19%

From 12.450 to 20.200

25%

24,50%

24%

From 20.200 to 34.000(2015) to 35.200 <(2.016)

31%

30,50%

30%

From 34.000/35.200 to 60.000

39%

38%

37%

From 60.000 on

47%

46%

45%

 

For instance, a resident who earns in 2015, €100.000 will pay €36.815,25 (before deductions and reductions). (Lacking the adaptation which each Autonomic Community decides)

Detail of the calculation of the example:

TAXABLE BASIS

DIFFERENCE

PERCENTAGE

TO PAY

 

TO 12.450

12.450

19,50%

                          €2.427,75

 

12.450 – 20.200

7.750

24,50%

                          €1.898,75

 

20.200 – 34.000

13.800

30,50%

                          €4.209,00

 

34.000 – 60.000

26.000

38%

                          €9.880,00

 

60.000 – 100.000

40.000

46%

                       €18.400,00

FINAL PERCENTAGE

 

 

TOTAL SUM 

                       €36.815,50

36,82

 

 

FOR THE INCOME FROM SAVINGS OF RESIDENTS:

 

2.015

Applicable rate 2015 RDL 9/2015

2.016

Taxable basis

 

  

To 6.000 euros

20%

19,50%

21%

From 6.000 to 50.000

22%

21,50%

21%

From 50.000 on

24%

23,50%

23%

That is, if a resident receives interests of €100.000 from his savings, will pay for this concept: €22.380 (Lacking the adaptation which each Autonomic Community decides)

Detail of the calculation of the example:

TAXABLE BASIS

DIFFERENCE

PERCENTAGE

TO PAY

 

TO 6.000

6.000

19,50%

                          €1.170,00

 

6.000 – 50.000

44.000

21,50%

                          €9.460,00

 

50.000 – 100.000

50.000

23,50%

                       €11.750,00

FINAL PERCENTAGE

   

                       €22.380,00

22,38

 

RETENTIONS ON THE INVOICING OF RESIDENT PROFESSIONALS AND SELF-EMPLOYED:

The retentions that the company or professional clients will have to make to their professional suppliers (physical persons self-employed) will be: from July  2015, the 15%.

For the recently created self-employed, until the first three years, will pay the 7% from 12/07/2015

RETENTIONS ON THE INCOME FROM MOVABLE CAPITAL, PROPERTIES AND STATE PROFITS OF RESIDENTS

From 12th July will be 19,5% (before 12h July was 20%)

TAXATION OF NON RESIDENTS

Incomes received by the permanent establishment on the amounts transferred to a foreign country generated by the permanent establishment

19,5

Incomes received by non-residents without permanent establishment in a European country with which there is tax information exchange

For the income of interests, profits and property profits

19,5%

OPTIONAL RULES FOR WORKERS MOVED TO SPANISH TERRITORY

The physical persons who obtain their tax residence in Spain as a consequence of their moving to Spanish territory, can choose to pay taxes according to the Tax on Income of non-residents, with the special rules established in part 2 of article 93 of the Law of IRPF. 

General part of the Taxable basis

Taxable basis

 

To 600.000 euros

24%

From 600.000 euros

47%

 

Special part of the taxable basis: of savings

Taxable basis of savings

Total tax

Rest of taxable basis

 

0

0

6.000

19,50%

6.000

1.170

44.000

21,50%

50.000

10.630

On

23,50%

 

Signed:

Santiago Roig Gironella