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The "Beckham law" (Spanish: ley Beckham; Royal Decree 687/2005) is a Spanish tax decree passed in June 2005. [1] The law gained its nickname after the footballer David Beckham became one of the first foreigners to take advantage of it. However, the law is aimed at all foreign workers (particularly the wealthier ones) living in Spain.
Therefore, if the Greek tax liability would be 500*0.10=50 and the credit would be EUR 175, the credit would cover 100% of the Greek tax liability and would exceed it by 50-175=-125. That excess credit (EUR 125) must be refunded to the beneficial owner by Greece.
The tax year in Spain follows the calendar year. The tax collection method depends on the tax; some of them are collected by self-assessment, but others (i.e. income tax) follow a system of pay-as-you-earn tax with monthly withholdings that follow a self-assessment at the end of the term. Tax rate in Spain for a Single
Spain is planning to impose a tax of up to 100% on the value of properties bought by non-residents from countries outside the EU, such as the UK. Announcing the move, Prime Minister Pedro Sánchez ...
The Spanish government has announced a major tax hike on housing in a hit to Brits buying properties in Spain. As part of a new proposal, property taxes for non-EU citizens in Spain would be ...
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A reduction of tax (credit) is often provided in income tax systems for similar income taxes paid to other countries (foreign taxes). [1] [additional citation(s) needed] This is generally referred to as a foreign tax credit. Amounts in excess of income tax are usually nonrefundable. [2]
The total Finnish income tax includes the income tax dependable on the net salary, employee unemployment payment, and employer unemployment payment. [18] [19] The tax rate increases very progressively rapidly at 13 ke/year (from 25% to 48%) and at 29 ke/year to 55% and eventually reaches 67% at 83 ke/year, while little decreases at 127 ke/year ...