San Sebastián

Spend more than 183 days a year in Spain, or base your economic life there, and you are taxed on worldwide income. Foreign salary and freelance fees pay progressive state plus regional rates, topping out at 45% in Madrid and 53.85% in Valencia; dividends, interest and gains pay 19%–30%. Remote employees (not freelancers) who were not resident for 5 years can opt for the Beckham regime: 24% up to €600,000 and no tax on foreign investment income.

• Remote work income

  Salary from a foreign employer or fees from foreign clients

  Taxed

  Progressive: state 9.5%–24.5% plus a regional scale, for a combined top rate of 45% (Madrid) to 53.85% (Valencia) above €300,000

• Investments and pensions

  Dividends, interest, gains, rent and pensions from abroad

  Taxed

  19%–30% on dividends, interest and capital gains; foreign rent and pensions at general progressive rates

• Wealth

  Net wealth and inheritance

  Wealth tax

  Inheritance tax applies

Tax resident after

183 days a year

Top income tax rate

45%

• Special regime for workers posted to Spain (art. 93 LIRPF, "Beckham law")6 years

  You are taxed like a non-resident: all employment income at a flat 24% up to €600,000 and 47% above; foreign dividends, interest, gains and rent are not taxed in Spain, while Spanish-source investment income pays 19%–30%. Wealth tax and the solidarity tax apply only to assets in Spain. There are no personal allowances, and tax paid abroad on work done abroad is credited only up to 30% of the Spanish tax on work income.

  Who qualifies: People who become resident after five years without Spanish tax residence and move for a job: an employment contract with a Spanish employer, a posting, or remote work for a foreign employer (expressly including employees on the teleworking visa); also company directors, entrepreneurs with an activity certified as innovative under Ley 14/2013, and highly qualified professionals serving start-ups or doing R&D. Ordinary freelancers do not qualify. Spouse and children under 25 can join. You opt in on Modelo 149 within six months of starting work.

• Reduction for starting a self-employed activity (art. 32.3 LIRPF)2 years

  20% off positive net business income in the first year it is positive and the following year.

  Who qualifies: Resident freelancers who start an activity and calculate profit under direct assessment (estimación directa), the usual method for professionals.

• Ley 35/2006, del Impuesto sobre la Renta de las Personas Físicas (texto consolidado) · Agencia Estatal Boletín Oficial del Estado (BOE) · read 2026-10-27

  Art. 9 residence tests and presumption; art. 32.3 20% start-up reduction; art. 63 state scale 9.5%–24.5%; arts. 66 and 76 savings scale up to 30% (Ley 7/2024, from 2025); art. 80 foreign tax credit; art. 93 Beckham regime as amended by Ley 28/2022 (five years, six periods, teleworkers, 24%/47%, foreign income deemed Spanish only for work)

• Real Decreto 439/2007, Reglamento del IRPF (texto consolidado), arts. 113–120 · Agencia Estatal Boletín Oficial del Estado (BOE) · read 2026-10-27

  Art. 114: special regime content, including the foreign tax credit on work income capped at 30%; art. 116: six-month deadline to opt in from the start date in social security records (Modelo 149), as amended by RD 1008/2023

• Ley 28/2022, de fomento del ecosistema de las empresas emergentes · Agencia Estatal Boletín Oficial del Estado (BOE) · read 2026-10-27

  Final provision 3 rewrote art. 93 LIRPF (teleworkers, entrepreneurs, highly qualified professionals, family members); final provision 5 created the teleworking visa

• Ley 14/2013, de apoyo a los emprendedores y su internacionalización (texto consolidado), art. 74 bis · Agencia Estatal Boletín Oficial del Estado (BOE) · read 2026-10-27

  Teleworking visa: employees work only for companies outside Spain; professionals may have up to 20% Spanish work. The Ministry of Inclusion's UGE-CE pages (inclusion.gob.es) returned HTTP 403 on 2026-10-27, so they could not be used

• Tributación autonómica. Medidas 2026, capítulo I (actualizado a 23 de septiembre de 2026) · Ministerio de Hacienda, Secretaría General de Financiación Autonómica y Local · read 2026-10-27

  2026 regional income tax scales and top rates (Madrid 20.5%, Valencia 29.35%, etc.); wealth tax allowances and 100%/50% rebates and their suspension while the solidarity tax lasts; inheritance relief for close family; property transfer tax rates by region

• Ley 19/1991, del Impuesto sobre el Patrimonio (texto consolidado) · Agencia Estatal Boletín Oficial del Estado (BOE) · read 2026-10-27

  Worldwide liability for residents (art. 5), €300,000 main-home exemption (art. 4.9), €700,000 default allowance (art. 28), state scale 0.2%–3.5% (art. 30)

• Ley 38/2022, art. 3 (Impuesto Temporal de Solidaridad de las Grandes Fortunas), texto consolidado · Agencia Estatal Boletín Oficial del Estado (BOE) · read 2026-10-27

  Net wealth above €3 million, €700,000 allowance, 1.7%/2.1%/3.5% rates, credit for wealth tax paid; extended until the review of wealth taxation in the regional financing reform (RDL 8/2023, additional provision 5.2)

• Manual práctico de Patrimonio 2025: Principales novedades · Agencia Tributaria · read 2026-10-27

  Confirms the solidarity tax extension still applies and regional transitional rules; Valencia allowance change

• Manual práctico de Patrimonio 2025: Bonificaciones autonómicas, Comunidad de Madrid · Agencia Tributaria · read 2026-10-27

  Madrid's 100% rebate is replaced, while the solidarity tax lasts, by a rebate equal to the wealth tax minus the solidarity tax

• Ley 29/1987, del Impuesto sobre Sucesiones y Donaciones (texto consolidado) · Agencia Estatal Boletín Oficial del Estado (BOE) · read 2026-10-27

  Art. 6: residents are taxed on acquisitions wherever the assets are

• Real Decreto Legislativo 2/2004, Ley Reguladora de las Haciendas Locales, art. 72 · Agencia Estatal Boletín Oficial del Estado (BOE) · read 2026-10-27

  IBI rates of 0.4%–1.1% for urban property, with optional municipal increments

• Real Decreto 1065/2007, Reglamento general de gestión e inspección tributaria, arts. 42 bis, 42 ter, 42 quater and 54 bis · Agencia Estatal Boletín Oficial del Estado (BOE) · read 2026-10-27

  Reporting of foreign accounts, securities, property and crypto held abroad above €50,000, and refiling only after a €20,000 increase

• Modelo 720. Declaración informativa sobre bienes y derechos situados en el extranjero · Agencia Tributaria, Sede electrónica · read 2026-10-27

  Modelo 720 filing service for 2025 and the separate Modelo 721 for virtual currencies abroad

• Orden PJC/297/2026, normas de cotización a la Seguridad Social para 2026 · Agencia Estatal Boletín Oficial del Estado (BOE) · read 2026-10-27

  Self-employed 2026 income brackets and bases (€653.59 minimum, €5,101.20 maximum) and rates: 28.3% common, 1.3% professional, 0.9% MEI (art. 18), 0.9% cessation and 0.1% training (art. 37)

• Ley 20/2007, del Estatuto del trabajo autónomo, art. 38 ter · Agencia Estatal Boletín Oficial del Estado (BOE) · read 2026-10-27

  Reduced flat contribution for the first 12 months of a new self-employed registration (amount set in the budget law, not confirmed for 2026)

• Ley 12/2002, Concierto Económico con la Comunidad Autónoma del País Vasco, art. 6 · Agencia Estatal Boletín Oficial del Estado (BOE) · read 2026-10-27

  Personal income tax of Basque residents follows the provinces' own rules and is collected by the foral authorities