INCOME TAX FOR INDIVIDUALS
General state income tax scale
The scale applied to the part of the general taxable base to determine the full state quota is modified, establishing a new tranche for incomes over € 300,000, with a marginal rate of 24.5%.
The scale for the Autonomous Community of Catalonia (the most autonomous state) remains as
follow:
|
Taxable base Up to euros |
Full fee Euros |
Rest of the taxable base Up to euros |
Applicable rate Percentage |
| 0 | 0.00 | 12.450,00 | 21,5 |
| 12.450,00 | 2.676,75 | 5.257,20 | 24 |
| 17.707,20 | 3.938,48 | 2.492,80 | 26 |
| 20.200,00 | 4.586,61 | 12.807,20 | 29 |
| 33.007,20 | 8.300,69 | 2.192,80 | 33,5 |
| 35.200,00 | 9.035,28 | 18.207,20 | 37 |
| 53.407,20 | 15.771,95 | 6.592,80 | 40 |
| 60.000,00 | 18.409,07 | 60.000,20 | 44 |
| 120.000,20 | 44.809,15 | 55.000,00 | 46 |
| 175.000,20 | 70.109,15 | 124.999,80 | 48 |
| 300.000,00 | 130.109,06 | En adelante | 50 |
Scale of income tax savings
The state and regional scale applied to the part of the taxable base of savings is modified, remaining as follows:
|
Taxable base of savings. Up to euros |
Full fee Euros |
Rest of the taxable base of the Up to euros |
Applicable rate Percentage |
| 0 | 0 | 6.000 | 19 |
| 6.000,00 | 1.140 | 44.000 | 21 |
| 50.000,00 | 10.380 | 150.000 | 23 |
| 200.000,00 | 44.880 | En adelante | 26 |
Withholding and interim income scale applicable to earned income recipients.
The applicable scale is modified to determine the percentage of withholding that should be practiced on the income from work derived from labor or statutory relations and from pensions and passive assets.
Thus, the scale to apply to determine the type of withholding will be the following:
|
Basis for calculating the type of withholding. Up to euros |
Retention fee Euros |
Base remainder to calculate the type of withholding. Up to euros |
Applicable rate Percentage |
| 0 | 0 | 12.450,00 | 19 |
| 12.450,00 | 2.365,50 | 7.750,00 | 24 |
| 20.200,00 | 4.225,50 | 15.000,00 | 30 |
| 35.200,00 | 8.725,50 | 24.800,00 | 37 |
| 60.000,00 | 17.901,50 | 240.000,00 | 45 |
| 300.000,00 | 125.901,50 | En adelante | 47 |
Reduction limits in the tax base of contributions and contributions to social security systems
Private insurance that exclusively covers the risk of severe dependency or high dependency:
The set of reductions made by all people who pay premiums in favor of the same taxpayer, including those of the taxpayer himself, may not exceed 2,000 euros per year (previously the limit was 8,000 euros per year).
Contributions to social security systems in which the taxpayer’s spouse is a participant, mutualist or holder:
The taxpayer whose spouse does not obtain net income from work or economic activities, or obtains them in an amount lower than 8,000 euros per year, may reduce the contributions made to the social security systems of which he is a participant, mutualist or holder said spouse.
These contributions will have a maximum limit of 1,000 euros per year (previously the limit was 2,500 euros).
Set maximum limit:
As a joint maximum limit for contributions or contributions to social security systems, the lower of the following amounts will apply:
a. 30% of the sum of the net income from work and economic activities received individually in the year.
b. 2,000 euros per year (previously the limit was 8,000 euros)
This limit will be increased by 8,000 euros, provided that such increase comes from business contributions.
Extension of the exclusive limits of the objective estimation method (modules)
The quantitative limits that have been applied in previous years and that define the scope of application of the objective estimation method are extended for the economic activities included in the scope of application of said method, with the exception of agricultural, livestock and forestry activities, which they have their own quantitative limit for volume of income.
Therefore, the general exclusionary magnitudes will be:
Volume of income in the immediately preceding year exceeding 250,000 euros for all economic activities, except agricultural, livestock and forestry. All operations will be computed, whether or not there is an obligation to issue an invoice. Operations in which there is an obligation to issue an invoice when the recipient is an entrepreneur, may not exceed 125,000 euros. Volume of income for the set of agricultural, forestry and livestock activities exceeding 250,000 euros.
Volume of purchases of goods and services in the immediately preceding year, excluding acquisitions of fixed assets, greater than 250,000 euros.
CORPORATE TAX.
Exemption on dividends and income derived from the transfer of securities representing the equity of resident and non-resident entities.
Dividends or participations in benefits of entities will be exempt, when the requirement that the percentage of participation, direct or indirect, in the capital or in the entity’s own funds is, at least 5 percent.
The amount that will be exempt will be 95 percent of said dividend or income. The management expenses related to such participations will be deductible from the taxpayer’s taxable profit in the maximum amount of 5 percent of the dividend or positive income obtained.
This limitation will NOT apply to companies that have an INCN of less than 40 million euros and that are not part of a commercial group, for a period limited to three years, when they come from a subsidiary, resident or not in Spanish territory, constituted with after January 1, 2021.
The transitional tax regime for holdings with an acquisition value greater than 20 million is regulated.
International economic double taxation: dividends and profit shares
It is established as a requirement for the application of this deduction that the direct or indirect participation in the capital of the non-resident entity is, at least, 5 percent.
To calculate the full fee, dividends or profit shares will be reduced by 5 percent for management expenses related to said shares.
Deduction for investments in Spanish productions of feature films and short films and series.
A series of deductions are established for investments in Spanish productions of feature films and short films and of audiovisual fiction, animation or documentary series, as well as formal requirements for obtaining them.
VALUE ADDED TAX.
Location of service provision: rule of effective use
The special rule of effective use is no longer applied to services that are understood to be carried out, in accordance with the localization rules, in the Canary Islands, Ceuta and Melilla.
Tax rate applicable to drinks with added sweeteners
The tax rate applicable to soft drinks, juices and soft drinks with added sugars or sweeteners will be 21 percent.
Limits for the application of the simplified regime and the special regime of agriculture, livestock and fishing.
The limits for the application of the simplified regime and the special regime of agriculture, livestock and fishing are extended for the period 2021.
ASSET TAX.
Scale of assessment of the Wealth Tax.
The applicable scale is modified, being:
|
Payable base Up to euros |
Fee Euros |
Rest of the taxable base Up to euros |
Applicable rate Percentage |
| 0 | 0 | 167.129,45 | 0,2 |
| 167.129,45 | 334,26 | 167.123,43 | 0,3 |
| 334.252,88 | 835,63 | 334.246,87 | 0,5 |
| 668.499,75 | 2.506,86 | 668.499,76 | 0,9 |
| 1.336.999,51 | 8.523,36 | 1.336.999,50 | 1,3 |
| 2.673.999,01 | 25.904,35 | 2.673.999,02 | 1,7 |
| 5.347.998,03 | 71.362,33 | 5.347.998,03 | 2,1 |
| 10.695.996,06 | 183.670,29 | En adelante | 3,5 |
Indefinite nature of the Wealth Tax
The indefinite nature of the Wealth Tax is restored.
TAX ON ECONOMIC ACTIVITIES.
The classification of some activities is modified and new headings are added.
The contribution to pension plans has been reduced from € 8,000 to € 2,000 per year