Exemptions from paying Wealth Tax for non-residents
The exemptions contained in the Wealth Tax Law are applicable to non-residents when no distinction is made between personal or real obligation, provided that the established requirements to enjoy them are met.
There is a specific exemption for non-residents who act without the mediation of a permanent establishment, relating to securities whose income is exempt under the provisions of article 14 of the Tax Law. Non-Resident Income (Public debt, fixed income securities of taxpayers resident in the EU ,...). This exemption does not extend to the bank account balances of non-residents, as they do not have the status of securities.