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 requirements established 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 apply to the balances of bank accounts of non-residents, since they do not have the status of securities.