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Spain
Individual - Sample personal income tax calculation
Last reviewed - 01 January 2024
Assumptions
2023 calendar year.
Individual resident in Spain with a spouse with two children over three years of age.
Of the married couple, one spouse earns all income, none of which is foreign-source income.
A joint return is filed.
As regards general taxable income, the tax is calculated in accordance with the progressive scale of withholdings (as previously commented, final taxation will vary depending on the autonomous region where the taxpayer is resident).
Tax calculation
EUR
EUR
Salary
150,000.00
Gross general tax base
150,000.00
Interest
18,500.00
Capital gain from transfer of assets
3,000.00
Gross savings tax base
21,500.00
Gross general tax base
150,000.00
Social security contributions
(3,479.52)
Other expenses
(2,000.00)
Joint taxation reduction
(3,400.00)
Net general tax base
141,445.79
Savings tax base
21,500.00
Residual joint taxation reduction
0.00
Net savings tax base
21,500.00
Taxpayer's allowance
5,550.00
Allowance for children (Sec. 58 LIRPF)
5,100.00
Personal and family allowances
10,650.00
Tax calculation
Net general tax base
141,445.79
Scale:
Taxable income up to EUR 60,000
17,901.50
Excess
45%
Gross general tax liability
54,550.75
Personal and family allowance
10,650.00
Scale:
Taxable income from EUR 0 to EUR 12,450
19%
(2,023.50)
Gross general liability after personal and family allowances
