Details

  • Service: Tax, International Corporate Tax, International Executive Services, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 1/31/2012

Spain - New increased withholding tax rates for dividends, interest, royalties, capital gains, and other income 

January 31:   An increased withholding tax rate of 21% (from 19%) applies for certain payments of income from investments (e.g., dividends, interest, royalties, and capital gains) and for certain other income, effective 1 January 2012.

The increased withholding tax rates are included in Royal Decree-Law 20/2011 (30 December 2011).


The withholding tax rate of 15% applicable to professional activities has not been modified.


An increased rate of 24.75% (from 24%) applies to other income subject to Spain’s non-residents income tax rules.


To read a January 2012 report prepared by the KPMG member firm in Spain: Spanish tax measures enacted by Royal Decree-Law 20/2011




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