Reply To: Looking to buy around El Rompido, Punta Umbria and Portil

Spanish Property Insight Forums Spanish Property Forums Spanish Real Estate Chatter Looking to buy around El Rompido, Punta Umbria and Portil Reply To: Looking to buy around El Rompido, Punta Umbria and Portil

#73861
mike
Participant

@Jerezgirl wrote:

When I did my RENTA I think only about the first 3600 euros was exempt from income tax.

On this site, http://www.spainlawyer.com/guialegal/guialegal.cfm?IDCAPITULO=11010000 it states that At the moment, only those individuals earning more than € 21,035.42 a year in Spain, are obliged to make the income tax . declaration, above this amount carries a progressive tax structure.

Now, I wonder what this means in practise. Does it mean that anyone earning below this amount will not pay tax or does it mean that they needn’t worry about tax because the company that employs them will deal with it? When offered a job do they get told the top or bottom line?