Is Spain a tax haven?

Even though numerous territories continue to be considered tax havens from a Spanish tax standpoint, several jurisdictions are in the course of signing either an income tax treaty or an exchange of tax information agreement with Spain, as follows: San Marino, Andorra, Bahamas, Barbados and Panamá.

What is the VAT in Spain?


Spain VAT rates
Rate Type
21% Standard
10% Reduced
4% Reduced

How much tax do you pay as Autonomo in Spain?

Tax for freelancers – autónomos – in Spain is charged at a progressive rate. As such it varies between 19–47%, according to income earned.

How can I avoid paying tax in Spain?

Apply for the Beckham Law

  1. The Beckham Law is a special tax regime that is applied to foreigners who come to Spain due to work reasons.
  2. Basically that you can avoid paying a progressive income tax that can rise up to 45%, and pay a flat fee of 24% instead.
  3. So, as you can see, this creates important tax savings for you.

Is Madrid a tax haven?

Following Madrid’s decision to become a tax haven, the number of wealth tax filers reporting Madrid as their fiscal residence increases by over 6,000. The other regions see an average decline of 375 filers. Relative to 2010, this represents an approximately 10% increase in the stock of wealth tax filers in Madrid.

Do I have to pay Spanish VAT?

Value Added Tax (VAT) (Impuesto sobre el valor añadido – IVA) is an indirect and general consumption tax assessed on the value added to goods and services. It is borne ultimately by the final consumer and is charged as a percentage of the price. Every consumer in Spain must pay it.

What is the VAT in Spain 2021?

21.00 percent
Sales Tax Rate in Spain is expected to reach 21.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Sales Tax Rate – VAT is projected to trend around 21.00 percent in 2022, according to our econometric models.

Is it worth being autonomo in Spain?

Advantages of Being an Autonomo in Spain You can start quickly and easily and contribute only a monthly investment in social security costs. You can stop just as easily in case you don’t have earnings all year round, so you don’t have to pay social security when you have no income.

What are the benefits of being autonomo in Spain?

In the case of autónomos, they are registered with RETA (website in Spanish). The benefits include access to public healthcare, maternity and paternity leave, and state pensions. However, social security in Spain doesn’t cover unemployment or work-related illnesses or accidents.

Is tax higher in Spain or UK?

Spain’s property taxes are substantially lower than the UK. In fact, the UK’s property taxes are the second-highest in the developed world. Only the United States has a higher property tax rate than the UK. If you purchase a home over 125,000 euros, the UK applies a Stamp Duty Land Tax (SDLT).

Is Spain a high tax country?

Spain is not leading the top statutory income tax rate in Europe due to regions like Madrid that maintained the overall top income tax rate at 45.5 percent. Additionally, in response to the central government tax hikes, regions like Murcia and Andalusia decided to cut their regional income tax rates.