Maximize your tax benefits!
The Beckham Law in Spain
If you are a professional, executive or sportsman/woman from overseas, take advantage of this exclusive tax regime to cut your tax in Spain.
Maximize your tax benefits!
The Beckham Law in Spain
If you are a professional, executive or sportsman/woman from overseas, take advantage of this exclusive tax regime to cut your tax in Spain.
“Why choose the Beckham Law?”
TAX OPTIMIZATION
Pay tax at a fixed rate of 24% on income of up to €600,000 a year.
TAX ON SPANISH INCOME ALONE
You only pay tax on income generated within Spain.
IDEAL FOR TOP-LEVEL PROFESSIONALS
Take advantage of the benefits if you are an executive, sportsman/woman or qualified professional.
DURATION OF 6 YEARS
Gain access to tax benefits during your temporary stay in Spain.
“Why choose the Beckham Law?”
TAX OPTIMIZATION
Pay tax at a fixed rate of 24% on income of up to €600,000 a year.
TAX ON SPANISH INCOME ALONE
You only pay tax on income generated within Spain.
IDEAL FOR TOP-LEVEL PROFESSIONALS
Take advantage of the benefits if you are an executive, sportsman/woman or qualified professional.
DURATION OF 6 YEARS
Gain access to tax benefits during your temporary stay in Spain.
Beckham Law Success Stories
Beckham Law Success Stories
What is the Beckham Law?
The Beckham Law is a special tax regime designed to attract foreign talent to Spain. It offers significant tax benefits to professionals who come to the country to work, allowing them to pay tax on just the income they earn in Spain and at a lower rate of 24% on income of up to €600,000 a year.
Who does it benefit?
This law is aimed at:
- Highly qualified professionals
- Executives in multinational companies
- Elite sportsmen and women
- International artists and directors
To be eligible, the applicant cannot have been a tax resident in Spain during the last 5 years.
What is the Beckham Law?
The Beckham Law is a special tax regime designed to attract foreign talent to Spain. It offers significant tax benefits to professionals who come to the country to work, allowing them to pay tax on just the income they earn in Spain and at a lower rate of 24% on income of up to €600,000 a year.
Who does it benefit?
This law is aimed at:
- Highly qualified professionals
- Executives in multinational companies
- Elite sportsmen and women
- International artists and directors
To be eligible, the applicant cannot have been a tax resident in Spain during the last 5 years.
Advantages and requirements
Advantages:
- Lower tax rate: Tax rate of 24% on income of up to €600,000 a year.
- Limited taxable base: Tax is only paid on income generated in Spain, excluding worldwide income.
- Duration of 6 years: The tax benefits can be enjoyed for a period of up to 6
consecutive years.
Requirements:
- The applicant must have been contracted by a Spanish company or he/she is a manager who has been transferred to Spain to work there.
- The applicant cannot have been a tax resident in Spain during the last 5 years.
- They must apply for these benefits within the first 6 months of their stay in Spain.
Advantages and requirements
Advantages:
- Lower tax rate: Tax rate of 24% on income of up to €600,000 a year.
- Limited taxable base: Tax is only paid on income generated in Spain, excluding worldwide income.
- Duration of 6 years: The tax benefits can be enjoyed for a period of up to 6
consecutive years.
Requirements:
- The applicant must have been contracted by a Spanish company or he/she is a manager who has been transferred to Spain to work there.
- The applicant cannot have been a tax resident in Spain during the last 5 years.
- They must apply for these benefits within the first 6 months of their stay in Spain.
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Frequent Questions about the Beckham Law
The Beckham Law is aimed at foreigners who come to work in Spain, especially qualified professionals, executives, elite sportsmen and women, and others with a special talent. They cannot have been tax residents in Spain in the last 5 years and they must meet the requirements established by Agencia Tributaria (the Spanish tax authority).
The Beckham Law allows you to take advantage of its special tax regime for a maximum of 6 consecutive years. If you decide to stay in Spain beyond this period, you will automatically begin to pay tax as a Spanish tax resident, which will entail
payment of tax on your worldwide income.
You should present an application to Agencia Tributaria within the first six months of your stay in Spain. It is important to apply within this period in order to access the benefits of this special regime.
Under the Beckham Law, only income obtained within Spain is subject to tax. Income earned overseas is not considered as taxable. Furthermore, income of up to €600,000 a year is taxed at a fixed rate of 24% and income above this threshold at a rate of 47%.
No, taxpayers covered by the Beckham Law are not exempt from paying tax on contributions to pension plans. The tax benefits on these plans are applied in accordance with the general tax regulations in Spain.
No, maternity and paternity benefits are not exempt under the Beckham Law. If you are on maternity, paternity or adoption leave, you must pay tax in accordance with the general Social Security regulations in Spain, without receiving any additional benefit related with the special regime.
Example
Earnings of €200k a year
If normal Spanish tax regulations apply, the tax rate would be around 38.5%
If the BL is applied, the rate would only be 24%, representing an annual saving of more than €28k
Discover all the advantages
the Beckham Law can offer you
in Spain
Do not miss this opportunity
to optimize your taxes!
Teléfono (+34) 932 173 444 – email: noresidentes@rosclar.com – ¡Síguenos en LinkedIn!
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