2.1ÌýÌýÌýÌý Withholding of income taxes
Income tax is levied at either:
- Ìý
•ÌýÌýÌýÌý progressive tax rates for residents (with flat rates for investment income and capital gains), or
- Ìý
•ÌýÌýÌýÌý flat tax rate for non-residents of 24% or 19% (see 6.5)
In the case of residents, the individual's taxable income for the year is calculated by subtracting allowable deductions from the total assessable income.
Non-residents do not have any allowable deductions or credits, except for certain expenses for those individuals who are tax residents in another EU country.
Spanish resident employers and permanent establishments in Spain of non-residents are obliged to withhold
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Web page updated on 17 Mar 2025 14:49