Personal income tax brackets

The reform of personal income tax cuts sections from seven to five and will be held in two phases (one in 2015 and one in 2016). When the minimum rate of personal income tax is fully implemented in 2016, will be 19% (against 24.75% at present) and the maximum at 45% (compared to 52% today), after rising 7 points with supplementary levy which became operational in 2012.

The first tranche for lower rents to 12,450 euros, will come down from 24.75% to 20% in 2015 and 19% in 2016. The rate levied on income between 12,450 euros to 20,200 euros will drop to 25% in 2015 and 24% in 2015.

For income between 20,200 and 35,200 euros, the drop to 31% next year and 30% in 2016, while the incomes of between 35,200 and 60,000 euros rates drop to 39% in 2015 and 37% in 2016. Finally, income exceeding 60,000 euros from 2015 taxed at a rate of 47%, to drop to 45% in 2016.

Limitation of expenses of self-employed

Lamite 2,000 euros for authenti ³ ³ nomos in n deduction for expenses (food, gas, taxis, material © fono ...). So far, the deductible tax ceiling for this item was 5% of net income. From now on, the higher the net income of the professionals, unless n can be deduced in this type of expenditure.

Aid to families

CreationPlay aid of 1,200 euros to large families, disabled and dependent ascendants disabled. These grants are cumulative and year ± aden to negative taxes for working mothers who remain.

Indemnizacià ³ n for dismissal

Since last Friday, termination payments are taxed at the personal income tax. The Government has established a tax-free allowance of 2,000 euros per year worked. Employees who have been dismissed unfairly taxed from 2,000 euros per year worked. So far, all severance payments were exempt 100%. This measure the government is considering to upload 4,000 euros per year worked.

Apotación limited to the Pension Plans

Limited to 8,000 per year maximum contributions to pension plans are entitled to income tax deduction, up from 10,000 euros to be allowed to ahora.Dicha contribution will not be increased by the age of the taxpayer as at present.


Exemption from taxation of dividends is eliminated up to 1,500 euros existing so far.


Savings income will be taxed at a minimum of 19% and a maximum of 23% once implemented fully the reforma fiscal Government in 2016.

Types that affect the savings falling in all sections, but do so in two phases, like the sections of the income tax. Part comes into force in 2015 and another in 2016.

So, saving up to 6,000 euros, which until this year was taxed at 21% will be taxed at 20% in 2015 and 19% in 2016. Meanwhile, saving between 6,000 and 24,000 euros will rise from 25% in 2014 to 22% in 2015 and 21% in 2016. savings of between 24,000 and 50,000 euros will go to tax to 27% to make it to 22% in 2015 and 21% in 2016, while in excess of 50,000 euros will increase from 27 % this year to 24% in 2015 and 23% in 2016.

Savings Plans

Savings plans that may take the form of a bank account or insurance exempt from taxation to exceed five years, provided that the remuneration of at least 85% of the investment is guaranteed.

Corporate Tax

The corporation tax will fall from 30% to 28% in 2015 and 25% in 2016. Additionally, rebates and incentives will be introduced for the taxation of SMEs remains at 20% (if reserves do not apply capitalization and leveling the type foreseen will stay at 25%) and entrepreneurs remains at 15%.

In addition, the base is widened impossible to bring the nominal effective rate. And the deductions related to R & D and new capitalization reserve is created remain.

Banking, 30%

The financial sector will continue to be taxed at 30% in companies. The Finance Secretary Miguel Ferre, has said that this measure was taken "to return to society made that effort."

However, behind this decision which is looking really benefit the banks. The goal is to allow banks to continue measuring the tax credits at the rate of 30% instead of the new lower rates. Recall that by a decree of December, which applies the Basel guidelines, banks have managed to save 50,000 million euros of DTA (deferred tax assets, in English) of the 70,000 that had to have made extraordinary provisions to clean up the property risk by 200.000 million.

Taxation of autonomous modules

The self-employed earning less than 12,000 euros a year will be taxed at a rate of 15% from July, compared to 21% who had to pay so far.

General taxation, which until now was located at 24%, lower than 20%. Farmers and ranchers, hotel and restaurant owners may continue under the current regime. Other groups will have to pass on the direct assessment.

Foreign Workers

In order to attract highly qualified professionals (except professional athletes), it holds that foreign workers posted to Spain can be taxed as non-resident at the rate of 24% for the first 600,000 euros compensation for five consecutive tax periods.

Athletes established in Spain

Taxation of non-residents to residents athletes fits, lowering the general rate of 24.75% to 24% and to 19% in 2016 if the taxpayer resides in Member States of the European Union.


Location rule, so that taxation will be held in the place where the purchase is made is changed. Both for electronic, telecommunications or broadcasting. This implies that if, for example, an e-book in Spain, VAT is paid in Spain and no where has the headquarters the company that sells the book as was previously the case is discharged.


The government has eliminated the income tax deduction for rental housing for new contracts signed from 2015. Thus, the government in this term has deleted both the deduction for home purchase for subsequent acquisitions since 1 January 2013, and the deduction for rent, which will be abolished for new contracts signed from 2015.

The reform also reduces the tax benefits of those owners who put in rental housing. Specifically, the exemption from taxation on income derived by the owner for residential rental income from January 1, 2015 going from 60% to 50%. In addition, the full exemption (100%) applied in the case of tenants are under 30 years from that date is removed.


Some medical devices were reclassified pursuant to a European ruling. Eyeglasses, contact lenses, prostheses, wheelchairs or crutches will continue to enjoy the reduced rate of VAT of 10%, but the rest of medical devices should raise its tax to 21%. Are maintained at the reduced rate other health products such as gauze, bandages and first aid kits and eye patches, but not the sheets of a hospital, for example.

List of defaulters

The Government has announced the publication of a list of defaulters with the Inland Revenue, to over a million euros debts.


Companies that invest in R & D more than 10% of its net revenue accounting extend the tax credit rate to 50%.