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Just wondering around what percentage is the income and other taxes in Spain.

2006-10-31 14:03:36 · 2 answers · asked by chris 4 in Business & Finance Taxes Spain

2 answers

Personal Income Tax 25%; top rate of personal income tax 45%, and the standard rate of capital gains tax from 15% (for assets held for more than one year). Corporation tax is levied at a standard rate of 35%, and at 30% on the first €90,151 for companies with a turnover of less than €5m. The standard rate of value-added tax is 16%. A tax reform package is to come into force in January 2007, including a cut in the top rate of income tax, to 43%, a progressive cut in corporation tax to 30% over a period of four years, and an increase in capital gains tax to 18%.Tax on Capital Gains on the Sale of Property in Spain treated as a long term capital gain can be taxed at a flat capital gains tax rate of 15%. New Properties purchase tax: buyers of brand new houses in Spain are liable to paying 7%.
http://www.economist.com/countries/Spain/profile.cfm?folder=Profile-FactSheet

2006-10-31 14:16:22 · answer #1 · answered by JFAD 5 · 0 0

the i.v.a. tax for alcohols tobacs many taxes

2006-10-31 22:13:40 · answer #2 · answered by Anonymous · 0 0

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