A credit for the avoidance of double taxation is allowed for foreign-source income and capital gains taxed by Spanish PIT, calculated as the lesser of:
Any foreign tax withheld (or paid) may be eligible for this tax credit. Nevertheless, if a tax treaty is applicable, its terms should be taken into account when determining the method of calculating the tax credit and the amount of the tax credit.
Countries with which Spain currently has DTTs:
Last Reviewed - 21 December 2017