What types of income are included? What are the tax rates and allowances? Are you liable to file?

Anyone residing in Spain who received income of any kind in 2024 is required to file a tax return (RENT A), with some exceptions.

Related: Who is obliged to file a tax return for 2024 tax year?

Different types of incomes.

TheThe annual tax return includes all income, which can be categorized as follows:

1. Employment-related income: Wages, salaries, pensions, and other compensation in kind.

2. Income from real estate: Rental income from properties.

3. Income from assets other than real estate: Interest, dividends, and other financial gains.

4. Income from business activities: Earnings from self-employment or freelance work..

5.Accrued income: A type of wealth tax for property owners

6.Capital gains: Profits from selling assets such as stocks or properties.

Depending on whether the income was earned over a period of more or less than two years, it may be taxed at either the general rate or the savings rate.

Double taxation agreements.

If you earned income abroad, you must still declare it in Spain. However, if a double taxation agreement exists between Spain and the country where the income was earned (which includes all EU countries and several others), any tax already paid abroad will be deducted from your Spanish tax liability.

Example 1

You receive a state pension from your home country and pay €1,100 in tax there. When declaring this income in Spain, you can also report the tax paid abroad, reducing your liability in Spain.

Example 2.

You rent out a property in your home country and pay tax there. You still need to declare this income in Spain, but the tax already paid will offset your liability.

General Tax Scale and Tax Scale for Savings.

Tax collection in Spain is divided between the central government and regional governments, meaning tax scales can vary slightly by region.

Different regions have their own tax scales, albeit with little variation, which supplement the central estate tax rates. You can find a good approximation here.

Table 1. Tax Scale for General Incomes

IRPF (Personal Income Tax) General Scale in 2024*

Taxable Base (up to)	Tax	Rest ( up to)	Tax Rate
0,00 €	0	12450 €	19%
12,450 €	2365.50€	7,750€ €	24%
20,200 €	4225.50€	15,000€	30%
35,200 €	8725.50€	24,800 €	37%
60,000 €	17901.50€	240,000 €	45%
300,000€	125,901.50€		47%

*This table is an estimate that combines both the state and regional tax rates (which varies in each region) , using as a reference the rates applicable to non-resident taxpayers in Spain for the latter.

Additionally, taxpayers are not taxed on their total income at the highest tax rate. Instead, the percentages are applied progressively, starting with the lowest. For example, if a person earns a gross annual income of €22,000, they do not pay a 30% income tax (IRPF) on the entire amount. Instead, they pay 19% on the first €12,450, 24% on the next €7,750(second bracket), and 30% on the remaining €1,800 (third bracket).

Learn how the tables work in this article.

Table 2. Tax Scale for Savings

IRPF (Personal Income Tax) Savings Scale in 2024

Taxable Base (up to)	Tax	Rest ( up to)	Tax Rate
0,00 €	0	6000.00 €	19%
6000 €	1140€	44,000.00 €	21%
50,000€	10380€	150,000€	23%
200,000€	44880€	100,000€	26%
300,000€	71880€		28%

Paperwork & Documentation

When filing your tax return, you don’t need to attach supporting documents, but it’s advisable to keep them organized in case of an audit. If requested, you’ll have limited time to submit them.

Related: What information do you need to prepare your annual tax return?

Allowances & Deductions

Personal allowances can be applied when filing your tax return. Some reduce the taxable amount, while others reduce the actual tax due.

Reductions to Taxable Amount (Personal Circumstances)

Tax Free Amount for tax Payer
(according to personal circumstances)
General	€   5,550.00
65+	€   6,700.00
75+	€   8100.00
Amount per descendant
First	€   2400.00
Second	€   2,700.00
Third	€   4000.00
Fourth +	€   4,500.00
Any child under 3 will increase the amounts	€   2,800.00
Amount per ascendant
disable or 65+	€      1150.00
75+	€   2,550.00

Any contribution to a private pension plan (with some limits)

Other Deductions

• Contributions to a private pension plan (subject to limits).

• Contributions to a disabled family member’s pension plan.

• Maternity tax relief.

Use our Web App to estimate your Income Tax based on your income and family circumstances!

Final Figure. Payment or Rebate?

If you’re self-employed, you’ve likely made quarterly tax prepayments.

Once your final tax liability is calculated—after all deductions and allowances—you may:

✅ Get a tax refund (if you’ve overpaid).

❌ Owe additional tax (if your tax rate exceeds the standard 20% applied to retentions and prepayments).