Council Tax & Income Tax in Spain

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This topic contains 2 replies, has 3 voices, and was last updated by Profile photo of Anonymous Anonymous 3 years, 7 months ago.

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  • #55616
    Profile photo of Anonymous
    Anonymous
    Participant

    Which is/are the best website/s for this info please. I am 70 thinking seriously about coming to live here( Costa Blanca, Costa Tropica).

  • #83808
    Profile photo of Anonymous
    Anonymous
    Participant

    Rather than start a new thread I thought I would resuscitate this one.

    An article in El Pais points out that Spain now has one of the highest marginal income tax rates in Europe.

    The top rate for income tax in Spain is 52pc, the same as Holland, and just below Sweden & Denmark on 56.6pc, Belgium on 53.7pc and Portugal on 53pc. At the other end of the scale are Bulgaria on 10pc, Lithuania on 15pc and Rumania and Hungary on 16pc. In the middle are Germany 47.5pc, UK & France on 45pc, and Italy on 43pc.

    Corporation tax is 30pc in Spain, compared to 36.1pc in France, 35pc in Malta, 34pc in Belgium, 12.5pc in Ireland and 10pc in Bulgaria.

    VAT in Spain is 21pc, compared to an EU average of 21.3pc.

    Time to move to Bulgaria? 😉

  • #83306
    Profile photo of Anonymous
    Anonymous
    Participant

    Council tax (IBI) is very cheap though compared to the UK amounts.

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