The Beckham Law gives you a low flat rate, but in exchange you lose access to many deductions and exemptions that exist in the standard regime. This video lists the most relevant ones (severance pay, pension contributions, maternity leave payments, etc.) and explains their real financial effect.
Most are minor, but some — like severance exemptions — can matter in certain situations. We also cover why the legislator made this choice and what the Tax Agency officially says.
If you’re comparing the Beckham Law to the normal regime, this helps you see the full picture. It’s especially useful for employees who might face job changes, dismissals, or long-term planning.