Tax Calculation: determination of full quotas

Taxation of the general taxable base

• State

  Law 11/2020, of December 30, on the General State Budget for the year 2021 (BOE of 31), modified the general scale of taxation of the general taxable base of the Law of PIT to introduce a new tax bracket starting at 300,000 euros with an applicable tax rate of 24.50%.

• Autonomous

  All Autonomous Communities have approved their corresponding scales applicable to the general taxable base.

Taxation of the taxable base of savings

Law 11/2020, of December 30, on the General State Budget for the year 2021 (BOE of 31), modified the tax scale of the savings taxable base provided for in articles 66 and 76 of the Law of PIT to introduce, at both the state and regional levels, a new tax bracket starting at 200,000 euros with an applicable tax rate of 13%.

Tax applicable to personal income tax taxpayers residing abroad

Law 11/2020, of December 30, on the General State Budget for the year 2021 (BOE of 31), modified the tax scale of the savings taxable base provided for in article 66.2 of the Law of PIT to introduce a new tax bracket starting at 200,000 euros with an applicable tax rate of 26%.

Special scheme applicable to employees posted to Spanish territory

Law 11/2020, of December 30, on the General State Budget for the year 2021 (BOE of 31), modified letters e) and f) of article 93.2 of the Law of the PIT raising the applicable rate from 45 to 47 percent on the part of the taxable base exceeding 600,000 euros and, in the case of income referred to in article 25.1.f) of the consolidated text of the Non-Resident Income Tax Act, introduces a new bracket starting at 200,000 euros with an applicable tax rate of 26 percent.