If no Agreement exists, how do non-resident individuals who obtain investment income in Spanish territory, such as dividends or interest, pay taxes in Spain?
In general, non-residents who obtain interest or dividends in Spanish territory must pay tax at the rate in force in the year in which the income has accrued (see chart).
In general, the gross tax base is the whole amount received.
However, in the case of taxpayers resident in another European Union member state, in relation to incomes obtained from 1 January 2010, and those resident in Iceland and Norway in relation to incomes obtained from 1 January 2015, they will be able to deduct the expenses provided for in the Personal Income Tax Act for the determination of the gross tax base, provided that it is certified that they are directly related to the incomes.
|Year of accrual||2003-2006||2007-2009||2010-2011||2012-2014||2015||2016 and following|
|Tax rate||15%||18%||19%||21%||Until 11-07-2015:
However, in that area there exist a number of exemptions, including the following: