On 11 July 2015, Royal Decree-law 9/2015 was published in Spain's Official Gazette. The law entered into force the following day, reducing individual income tax rates, non-resident tax rates, and the resident withholding tax rate.
Individual Income Tax Rates
The general individual income tax rates are reduced by 0.5% for the first three brackets and 1% for the top two as follows:
- Up to EUR 12,450 - 19.5%
- Over EUR 12,450 up to 20,200 - 24.5%
- Over EUR 20,200 up to 34,000 - 30.5%
- Over EUR 34…