| Concept | Amount |
|---|---|
| Taxable income | €60,000.00 |
| Total Income Tax | -€14,751.15 |
| Social Security Tax | -€3,665.00 |
| Total Tax | -€18,416.15 |
| Year Net Income | €41,583.85 |
| Month Net Income | €3,465.32 |
The Beckham Law in Spain is a special tax regime created to attract international talent and investors. It is commonly known as the Beckham Law because David Beckham was one of its first high-profile beneficiaries after moving to Real Madrid. In practice, it can allow qualifying newcomers to be taxed under non-resident rules, which may reduce their tax burden compared to the standard resident regime.
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What is the Beckham Law?
General overview
The Beckham Law is also beneficial for foreigners who own property in Spain. Non-residents are only subject to wealth tax on property they own in Spain. The wealth tax rate varies depending on the Autonomous Community where the property is located, but it is generally between 0.7% and 3.5%.
Learn moreMain advantages of the Beckham Law
Why this regime can be attractive
Key advantages include a 24% flat tax rate on employment income up to 600,000 euros (47% above that threshold), taxation mainly on income generated in Spain, taxation only on wealth located in Spain, and no obligation to file Modelo 720 for foreign assets while under this regime.
Learn moreWho can apply for the Beckham Law
Core eligibility requirements
In general, applicants must not have been tax residents in Spain during the previous 5 years, must move to Spain for qualifying work situations (employee, remote worker, entrepreneur, or director scenarios), and must submit the application within 6 months from the start of work in Spain.
Learn moreFind answers to the most common questions about the Beckham Law, tax requirements, and how to apply.
The application must be submitted within 6 months starting from the date of the inscription in the Social Security as an employee for a Spanish company.
You must inform the Spanish tax agency by filling out and sending the model 149, which you can find here. The following documents will also need to be included:
