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The “Beckham Law” or “Beckham Regime” is an optional and attractive tax regime applicable to workers relocating to Spanish territory due to an employment contract or the acquisition of a position as an administrator , provided in Article 93 of the Personal Income Tax Law, through which several significant tax benefits can be enjoyed.
We guide the client through the different processes covered by Beckham Law
General income is taxed at a tax rate of 24% up to the first 600.000 euros. Dividends, interest and capital gains (LIRNR art.25.1.f), are taxed at a scale of 19 to 26%.
It willbe taxed exclusively on income generated in Span and on worldwide earned income.
Exemption from the obligation to declare assets abroad.
At any time before the end of the tax year to take effect for that tax year by means of form 149.
Likewise, one is excluded from the Regime if there is non-compliance with any of the requirements. Such non-compliance must be reported to the AEAT within 1 month. The change of the employer by which initially came to Spain for another employer, or the signature of a new contract with the employer, does not determine the expulsion from the special regime (DGT CV 28-3-16; CV 4-5-17), being able to remaning a short period of time in a situation of unemployment or inactivity between the cessation of the labor or administrator relationship that motivated, in a real and effective way, the displacement and beginning of the new labor or administrator relationship (DGT CV 6-717.
Those who have opted for this regime will be exempt from the obligation to file the information return on assets abroad (Form 720) (DGT CV 16-1-14).
You can receive passive income (i.e. dividends, interest and capital gains), as well as remuneration for the exercise of the functions of the position of administrator.
They will be considered tax residents in Spain but will not be able to obtain tax residence certificates for the purposes of the Double Taxation Avoidance Agreements signed by Spain. They will be limited in their ability to eliminate double taxation to the provisions of the Spanish internal regulations and will not be able to make use of the Double Taxation Agreements.
No. It is personal.