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Spain

Overview

Last reviewed - 31 December 2019

Spain, located in Southwest Europe on the Iberian Peninsula, joined the European Union (EU) in 1986. It is divided into 17 comunidades autónomas (autonomous communities) and two autonomous cities, with Madrid as the capital. The official language of Spain is Spanish, together with the co-official languages of certain autonomous communities within their territories. The official currency is the euro (EUR).

Since the first quarter of 2014, the main growth on the Spanish economy continues to be national demand, which has registered positive contributions to the year-on-year advance of gross domestic product (GDP).

Spain's fiscal deficit in 2018 was 2.63%, and its deficit target for 2019 is 2%.

PwC Spain has more than 4,900 professional employees committed to delivering value to our clients by offering business solutions. With this strong commitment in mind, all our teams in the Assurance, Tax & Legal Services, and Advisory divisions work together to offer the specific solutions that can add the most value to our clients.

Quick rates and dates

Corporate income tax (CIT) rates
Headline CIT rate (%)

25

Corporate income tax (CIT) due dates
CIT return due date

Within 25 calendar days following the six months subsequent to the end of the tax year.

CIT final payment due date

Within 25 calendar days following the six months subsequent to the end of the tax year.

CIT estimated payment due dates

Three advance payments of the annual tax payment must be made during the first 20 calendar days of April, October, and December.

Personal income tax (PIT) rates
Headline PIT rate (%)

Residents: 45 (*);

Non-residents: 24 (**)

(*) This is the maximum progressive scale of withholdings rate (final taxation will vary depending on the autonomous region where the taxpayer is resident; in some of them, the headline PIT rate reaches 48%).

(**) 19% for residents in other EU member states or EEA countries with which there is an effective exchange of tax information.

Personal income tax (PIT) due dates
PIT return due date

30 June

PIT final payment due date

30 June

PIT estimated payment due dates

With some exceptions, PIT payers who carry out a business activity are subject to four estimated payments. In particular, such estimated payments will be due by 20 April, 20 June, 20 October, and 30 January.

Value-added tax (VAT) rates
Standard VAT rate (%)

21

Withholding tax (WHT) rates
WHT rates (%) (Div/Int/Roy)

Resident: 19 / 19 / (19 or 24)*;

Non-resident: 19 / 19 / (19 or 24)*

*See Spain's corporate summary for more information.

Capital gains tax (CGT) rates
Corporate capital gains tax rate (%)

Capital gains are subject to the normal CIT rate.

Individual capital gains tax rate (%)

Residents: 23;

Non-residents: Capital gains generated as a result of a transfer of assets are taxed at 19%.

Net wealth/worth tax rates
Headline net wealth/worth tax rate (%)

2.5% according to the state tax scale, which is applicable if the autonomous community has not approved its own tax scale.

Inheritance and gift tax rates
Inheritance tax rate (%)

34% according to the state tax scale, which is applicable if the autonomous community has not approved its own tax scale.

Gift tax rate (%)

34% according to the state tax scale, which is applicable if the autonomous community has not approved its own tax scale.

NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.