{"id":1259,"date":"2017-05-31T14:42:02","date_gmt":"2017-05-31T14:42:02","guid":{"rendered":"http:\/\/www.gmtaxconsultancy.com\/?p=1259"},"modified":"2024-04-10T08:52:41","modified_gmt":"2024-04-10T08:52:41","slug":"amount-worth-asking-benefit-beckham-law","status":"publish","type":"post","link":"https:\/\/gmtaxconsultancy.com\/en\/tax\/amount-worth-asking-benefit-beckham-law\/","title":{"rendered":"From which amount is it worth asking to benefit for the Beckham Law?"},"content":{"rendered":"

We have already talked about the benefits of Beckham Law<\/a>, but we have found out that a lot of people is asking from which amount is worth asking for this special tax regime<\/strong>. So here goes the answer:<\/p>\n

\u00a054.000\u20ac if you live in Catalunya<\/strong>. Look at the attached table at the end of the article to see several examples.\u00a0Let\u2019s explain this a bit.<\/p>\n

Particularities of the Special Displaced Workers Regime<\/h2>\n

When applying Beckham Law, \u00a0your tax rate is fixed at a 24% (for the first 600K) and then to 45%, but despite this can look like a good deal, there are some things to take into account:<\/p>\n

    \n
  1. When applying this regime, you pay 24% of your gross income<\/strong>. No expenses are allowed.<\/li>\n
  2. All your worldwide salaries are considered in Spain<\/strong>, so, you will pay 24% for those too, but considering the double taxation deduction applicable with some limits.<\/li>\n
  3. Make sure you tell your employer<\/strong> that you have this benefit in order they apply the 24% withholding tax in your monthly payslips, in order to avoid paying when you fill in your Income Tax Form.<\/li>\n
  4. Try to forecast your future wages<\/strong>, because it could be that you raise the 54.000 barrier in few years, and it would be late then to ask for Beckham Law. (you have 6 months form arrival to Spain to ask it for the next 5 years).<\/li>\n
  5. With this regime you do not have to file Wealth Tax<\/a> nor 720 Form<\/a><\/strong> and if you are under the resident tax regime you will have to.<\/li>\n<\/ol>\n

    \"DOWNLOAD<\/a><\/p>\n

    With all this, you need to analyze the pros and cons of this regime and decide if it suits your situation or not.<\/p>\n

    At GM TAX<\/a> we will be delighted to help you through this process, do not hesitate to contact us.<\/p>\n","protected":false},"excerpt":{"rendered":"

    We have already talked about the benefits of Beckham Law, but we have found out that a lot of people is asking from which amount is worth asking for this special tax regime. So here goes the answer: \u00a054.000\u20ac if you live in Catalunya. Look at the attached table at the end of the article […]<\/p>\n","protected":false},"author":2,"featured_media":1253,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[52],"tags":[],"class_list":["post-1259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax"],"_links":{"self":[{"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/posts\/1259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/comments?post=1259"}],"version-history":[{"count":2,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/posts\/1259\/revisions"}],"predecessor-version":[{"id":16402,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/posts\/1259\/revisions\/16402"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/media\/1253"}],"wp:attachment":[{"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/media?parent=1259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/categories?post=1259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gmtaxconsultancy.com\/en\/wp-json\/wp\/v2\/tags?post=1259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}