Commonly known as the "Beckham law", the Spanish Special Expat Regime is regulated in the Spanish Personal Income Tax Law (hereinafter, SPITL). According to its article 93, natural people who acquire their tax residence in Spain as a result of being posted to Spanish territory may opt for assessment under Spanish Non-Residents Income Tax rules instead of under the PIT rules for resident individuals provided that certain conditions are met. One if its advantages is the application of a flat tax rate of 24% on employment income along with the benefit of being taxed only on Spanish sourced income.
Gonzalo Canet, tax advisor at B Law and Tax, provides with expert advice on the applicable benefits from the Spanish tax Law on heritances and donations.
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