Description
The “Beckham Law” or Special Expats’ Tax Regime (“SETR”), from Spanish Régimen Especial para Trabajadores Desplazados, provided for in Article 93 of Act 35/2006, of November 28, on Spanish Personal Income Tax, is intended for individuals who move to Spain to work and acquire the status of tax residents in Spain.
The SETR has a maximum duration of 6 years (the year in which you become tax resident and the following 5 years). Notwithstanding the above, the SETR may be terminated before the 6 years have elapsed, either by voluntary renunciation or by exclusion.
The renounce is the taxpayer’s voluntary withdrawal from the application of the SETR, i.e. the taxpayer decides not to continue applying the SETR. The period for making the renunciation is opened during the months of November and December prior to the beginning of the calendar year in which such renunciation is to take effect.
In order to carry out the renunciation , you must submit an official communication to your employer and another to the Spanish Tax Agency.
This service precisely includes all the necessary assistance to carry out the communications of the renounce to the SETR mentioned above, both to the Spanish Tax Agency and to the employer.
