To apply for the Beckham Law in Spain, you must submit Form 149 within 6 months of your Social Security registration, along with your NIE, passport, and employment contract. Key documents include proof of non-residency for the last 5 years, employer documentation of your transfer/contract, and Form 030 for tax census registration.
To be eligible for the Beckham Law, you must:
No, under the new tax regime, the standard deduction of ₹75,000 (for FY 2024–25) is automatically applied. Taxpayers do not need to submit any supporting proofs or documents to claim it. This makes filing simpler for salaried individuals.
Minimum Salary: The minimum salary required to benefit from the Beckham Law is generally set at €58,000 per year.
Qualifying individuals are taxed at a flat rate of 24% on Spanish-sourced income up to €600,000. Under the Beckham Law, only income generated in Spain is taxed, which is advantageous for people who have income from multiple countries.
One of the main disadvantages of opting for the Beckham Law is that certain exemptions and deductions available under the general regime of the Personal Income Tax (IRPF) do not apply. Firstly, taxpayers under the Beckham Law cannot benefit from the exemptions of Article 7 of the IRPF Law.
Company shares held by an individual are also exempt from wealth tax provided:
To be eligible for this visa, you must meet the following Spanish non-lucrative visa residency requirements: ✅ Have sufficient financial resources (€28,800/year in 2026 + €7,200 per dependent). ✅ Not work in Spain (passive income only). ✅ Have private health insurance with full coverage in Spain.
If you make $36,000 a year, your monthly salary would be $3,000.40.
No. Investment proof submission is not required under the New Tax Regime, as most deductions and exemptions are not allowed.
ITR Filing Charges:
Salaried ITR Filing: ₹1,000/- Capital Gain / Share Gain-Loss ITR: ₹1,500/- Business ITR – 44AD Return: ₹2,000/- All other ITR Filing: ₹3,000/-
These include:
Generally, you can live in Spain for 183 days as a non-fiscal resident. If you spend more than 183 days in Spain, you will have to start paying resident taxes. However, like we have just discussed, there are situations wherein you can apply to pay non-resident tax even if you will be in Spain for more than 183 days.
It was introduced as an incentive to attract talented and qualified workers to Spain. The Beckham Tax Rule is a favourable tax regime in Spain designed to attract skilled professionals, entrepreneurs and foreign workers who relocate to establish tax residency in Spain.
Economic means may be accredited by presenting cash, traveller's cheques, a credit card accompanied by a bank account statement, an up-to-date bank book, or any other resource that accredits the amount available, such as a credit statement regarding the card or bank account.
With a $36,000 annual income, you might qualify for a home priced roughly $100,000–$110,000 (given modest down payment and minimal debt). Your most important affordability factors are your debt-to-income ratio (DTI) and existing monthly debt obligations — lenders often target 36% DTI, though some may allow up to 50%.
Spain. Spain does not have a specific minimum bank balance requirement officially stated by the authorities for Schengen visa applicants. It is generally advised to demonstrate at least €100 to €120 per day as proof of financial capacity.
Does Spain tax US expats' pensions? Yes. Spain taxes its tax residents on their pension, retirement, and foreign social security earnings at a rate from 19% to 47%, depending on overall income. Non-tax residents, however, face tax rates of 8% to 40% depending on overall income.
What's Spain's 100% Tax All About? The proposed 100% property tax means that non-EU buyers, including British nationals, would need to pay a tax equal to the property's purchase price. So, let's say you choose to purchase a villa costing €200,000, you will need to pay an extra €200,000 in taxes.