Spain investment immigration has become very popular among property investors in recent years, which is closely related to its comprehensive social welfare, beautiful scenery, and tempting cuisine. Now, there is more good news for Spain immigration: the Spanish government introduced tax reduction reform measures in 2015.
The new tax law came into effect on January 1, 2015, with the specific details as follows:
Tax Reduction Reform Measures
1. The personal income tax rate has been reduced, with the top marginal rate lowered from 52% to 47%, and the minimum personal income tax rate for those with an annual income of less than 12,450 Euros set at 20%. At the same time, the number of tax brackets has been reduced from the previous 6 to 5.
2. Increased subsidies for individuals and families, and reduced taxation on savings income (interest, dividends, insurance, capital gains, etc.).
3. Regarding corporate tax, it will be reduced from the original 30% to 28% in 2015, and further adjusted to 25% in 2016.
The new tax legislation lowers personal income tax, which allows investors to increase their earnings in Spain and is of great help in attracting foreign capital. In the future, combined with the reform of the investment immigration act, Spain will certainly be a fertile ground for investment on the European continent. This policy will provide greater security for those who intend to immigrate to Spain.