The Spanish Tax System differentiates between direct and indirect taxes.

Direct Taxes

Direct taxation is a set of tax in Spain on the income of private individuals and on the profits of societies. They are applied to income and wealth.
In the European Union, each Member State has the power to freely determine the direct tax rates, as well as the tax burden on savings and capital gains.

tax in spain

tax in spain

Direct tax in Spain are as following

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Individual Income Tax (IRPF)

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Corporation Tax (IS)

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Capital Gains Tax

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Non-Resident Income Tax

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Inheritance and Donation Tax

Indirect tax in Spain apply to production and consumption operations. They require a high level of harmonization and affect the free movement of goods and the freedom to provide services.

The European Union has harmonized taxes such as VAT, excise duties on fuels, alcoholic beverages or tobacco so that no unilateral modification of these taxes distorts competition between companies. The introduction of minimum tax rates avoids significant distortion effects on trade

Indirect tax in Spain are as following

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Value Added Tax (IVA)

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Patrimonial Transmissions and Documented Legal Acts Tax (ITPAJD)

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Special Taxes

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Insurance Premium Tax

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Gambling Tax

tax in spain

Within the tax system of the Autonomous Communities in Spain, each of which is established by virtue of the financial autonomy conceded to them by the Spanish Constitution.

With regard to Local Estates, the Tax on Real Estate (IBI) and the Tax on Economic Activities (IAE), will be a compulsory levy by City Councils. In addition to the above there are other figures of minor importance on tax in Spain.

For more information on taxes in Spain contact Carbray through our contact form or telephone (+34) 93 488 09 72 and our Tax Advisor in Spain can assist you with any questions you have.

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