Personal Tax in Spain

PERSONAL TAX IN SPAIN

Wealth Tax

 Impuesto sobre la renta de las personas físicas/IRPF is a direct tax levied on the income of individuals.

The individual’s income may come either from work as an employee or by means of self-employment — development of a business or professional activities.
Taxable income is determined as the difference between the income earned and the expenses that are deductible according with the Spanish law.

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