Beckham Law is a special tax regime (STR) that applies to individuals who receive Spanish tax residency as a result of their assignment or labor contract to Spanish territory. This special tax regime is a beneficial regime where the individual is a tax resident in Spain but is taxed under the non-tax resident regulations.
Individuals under this regime would be taxed at a flat rate of 24% up to € 600,000. The applicable rates are detailed below:
Taxable Income Rate 2020
- 24% - Up to € 600.000,00
- 45% - Over to € 600.000,00