The article explains Spain’s Personal Income Tax, known as IRPF. It’s vital for British people to understand this system, especially if they have financial interests or reside in Spain, as it has evolved to balance revenue collection with economic growth. The IRPF aims to tax individuals fairly based on their income, a reflection of Spain’s efforts to align its tax system with economic and social equity goals.
Tag: #Taxation101
Taxation of travel allowances in Spain – it appears to be quite a difficult topic, as it causes a lot of questions. So, let’s find out what it is about together.
Travel allowances are considered part of an employee’s income from work and are subject to usual taxation rules unless they adhere to the specific rules and limits as outlined in the law.