![]() ![]() As an exception, when capital transferred to a related company exceeds three times the latter’s equity, the interest corresponding to the excess is taxed as general taxable income. Interest and other income generated from transferring the taxpayer’s own capital to third parties.Dividends and other income generated from holding interests in companies. ![]() Savings taxable income is basically composed of the following: There are two types of taxable income for Spanish PIT purposes: general taxable income and savings taxable income. Non-residents are subject to NRIT only on their Spanish-source income. Residents in Spain are generally subject to PIT on their worldwide income, regardless of where it is generated, which is taxed, following statutory reductions, at progressive rates. Therefore, persons who obtain income in Spain are either liable to pay Spanish PIT or Spanish NRIT. The Spanish system for direct taxation of individuals is mainly comprised of two personal income taxes: Spanish personal income tax (PIT), for individuals who are resident in Spain for tax purposes, and Spanish non-residents' income tax (NRIT), for individuals who are not resident in Spain for tax purposes who obtain income in Spain. ![]()
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