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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.
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
There are no personal tax-free allowances; however, there are personal and labor tax credits that reduce the amount of income tax paid. Prior to 2020, the income tax was assessed within four brackets, which have been simplified to just three (effectively two) as of 2020. As of 2023, the income tax rates are: [79]
But if you expect a large increase or decrease in your income for 2012, you might want to recheck your bracket by using the information at your disposal, along with the 2012 tax rate schedules ...
Learn how to reach lower tax brackets without breaking laws. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Mail. Sign in ...
Map of the world showing national-level sales tax / VAT rates as of October 2019. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
In late 2022, the IRS announced that it would be adjusting tax brackets for the 2023 tax year as well as the standard deduction to account for inflation. That means that people who were previously ...
Spain has introduced a similar concept to the UK non-domiciled rule above, known as the Beckham law. 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.