The key of the special regime is that when you are taxed as a non-resident you will most likely end up paying less taxes than a “regular” tax resident in Spain.
The special regime implies advantages as well as disadvantages compared to the regular Personal Income Tax. However, under certain circumstances, it may result in significant lower taxes every year.
No matter how much money you make, you will always pay a flat tax rate, in contrast to the “regular” Personal Income Tax, where the tax rate may reach up to 48%.
In contrast to the “regular” Spanish Personal Income Tax, if you obtain incomes abroad, as a general rule, they won’t be taxed in Spain.
It is required that you effectively move to Spain. Only this way, acquiring the status of tax resident in Spain, will you be able to apply for the special tax regime.
Your move to Spain must be caused by a work in Spain.There are different ways of understanding “work” in Spain, but it is essential that there is some kind of work activity in Spain.
More about the Beckham Law