On 1 January 2015, became effective the new Spanish tax reforme measure which modifies the tax regime for individuals, companies and non-residents tax payers.
Not only the 100% deduction for rental income from tenants under age 35 has been withdrawn, being all landlords taxed on 40% of net rent income, also the tax exemption for the first 1.500 euros of dividend income has been withdrawn.
PERSONAL INCOME TAXThe number of income bands has been reduced from seven to five, however deductions and allowances have icreased, specially for those with low income who were exempt. It is important to pay attention to the fact that in Spain, the final tax will depend on the tax scale approved by the autonomous communities.
|Interests, dividends and capital gains||21-27%||20-24%||19-23%|