The Government of Spain has approved a number of legislative measures, above all of a fiscal nature, which companies should take into account in their activities. Below we outline the most significant.
Personal income tax (IRPF)
Income from wages: The withholding tax brackets on income from personal employment stablished at beginning of the current year has been reduced.
All other withholding tax brackets are reduced:
Non-resident income tax (IRNR)
The general tax rate of 20% from 1.01.2015 has been reduced to 19,5% for 2015 from 12.07.2015 and 19% for 2016, for taxpayers from the EU, Iceland and Norway.
For all other taxpayers, it has been reduced to 24% for both 2015 and 2016.