inbarcelona

Hi everyone...new member here...

Can anyone tell me how I work out how much Spanish Income Tax I need to pay each year.?

I am getting conflicting information.

My income is an Occupational Pension of around 13200 euros per annum. (I took this at age 55)
I know that there is a Personal Allowance of 5550 euros...and somebody mentioned another General Allowance of 2000 euros. What is this for?
I assumed I would therefore pay tax on the amount above 5550...or 7550 if the general allowance is included.
But someone else told me that I would pay no tax because of a low income allowance ....whatever that is.

Can anyone guide me on this?

Many thanks

Fred James

Correct, the basic allowances are 7550. The extra allowance is €5565 on incomes up to 13115. On income above 13115 the allowance is on a sliding scale up to 16825, where it goes to zero.

So, your tax is going to be very small.

inbarcelona

Thanks Fred. How much do you reckon is small?

inbarcelona

21% (in Catalunya) of 85 euros then I guess. Is that correct?

Fred James

Almost. It's 21.5%

inbarcelona

Damn....Scandalous