Residents pay tax on worldwide income (19%-47%). Non-residents pay only on Spanish income (flat 19%-24%). Status determines everything.
Resident Tax
Who: Anyone meeting 183-day, economic interests, or family tests.
Taxed on: Worldwide income.
Rates: 19% to 47% progressive.
Obligations:
- Annual return (Renta)
- Modelo 720 foreign asset declaration
- Wealth tax
- Quarterly payments if self-employed
Non-Resident Tax
Who: Non-residents with Spanish income or assets.
Taxed on: Spanish-source income only.
Rates:
- Employment: 24% (19% EU residents)
- Rental: 24% (19% EU)
- Property gains: 19%
- Dividends/interest: 19%
Obligations: File for Spanish income only. No Modelo 720. Wealth tax on Spanish assets only.
Why It Matters
Plan your residency before you move. Wrong timing creates tax problems.
Legal Disclaimer: The information provided in this article is for general informational purposes only and does not constitute legal advice. Immigration laws and administrative practices may change frequently, and the information provided may be simplified or incomplete. The content should not be relied upon as a substitute for professional legal advice. Each situation must be assessed individually. Reading this article does not create a lawyer–client relationship with Legal Fournier.
Need legal advice for your situation?
Immigration and relocation cases can vary depending on each person’s circumstances. You may schedule a 45-minute legal consultation with Legal Fournier to review your case and discuss the available options.
Schedule a Consultation
Immigration and relocation cases can vary depending on each person’s circumstances. You may schedule a 45-minute legal consultation with Legal Fournier to review your case and discuss the available options.
Schedule a Consultation