Special Regime for Expatriates
A non-Spanish individual working in Spain can opt for assessment under Spanish Non-Resident Income Tax rules for a period of up to six tax years.
Such individuals are subject to a flat tax rate of 24.75% on Spanish sourced income (rather than taxes starting at 19% and ranging up to 56%). This is up to a maximum income of €600,000 per annum.
Capital Gains Tax for assets held in Spain are a flat 21% and are liable to Spanish Net Worth Tax.