&p Tax Rule Tax Beckhams Law

Chris Burke Spectrum IFA7P Tax Rule
"One of the most common questions people ask me is ‘As I am not on the Beckham Law, how can I reduce my taxes?’ One of the first questions I ask them is ‘how much time do you travel for work outside of Spain?’ If you travel for 2 weeks or more every month, in simple terms you might not to have to pay tax for those days you are away - a significant saving and you may have a tax exemption of up to €60,100 per year.

The key qualification factors are as follows:

• You must be a Spanish tax resident
• The company you are performing the work for must not be Spanish, must be based abroad and not a Spanish entity (but you can be employed by a Spanish company and have been instructed to carry out this work outside of Spain)
• You must physically be outside of Spain when conducting this work
• The country you are working in must have a similar tax system to Spain/have a double tax treaty

If you adhere to all these points then this tax exemption could be applicable for you - please ensure you take professional advice."