Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (2024)

Table of Contents
Four Central American Countries Offering Digital Nomad Visas “My Experience as a Digital Nomad: 4 Years of Diverse Jobs” 🌍 #nomad #digitalnomad Submit a Comment FAQs

Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (1)


With the rise of remote work and digital nomadism, many countries are now offering visas tailored for this lifestyle. One of the latest countries to join this trend is Spain, which recently announced its plans to introduce a Digital Nomad Visa. This visa will allow remote workers to live and work in Spain while enjoying all the benefits of the country’s beautiful landscape, rich culture, and delicious cuisine. However, like any visa, there are certain taxes that digital nomads will have to pay while living in Spain.

First and foremost, digital nomads on the Spain Digital Nomad Visa will be subject to income tax on their worldwide income. This means that any income earned from sources both within and outside of Spain will be subject to taxation. The rate of income tax in Spain varies depending on the individual’s income level, with rates ranging from 19% to 47%. It’s important for digital nomads to keep detailed records of their income and expenses to ensure compliance with Spanish tax laws.

In addition to income tax, digital nomads may also be subject to taxation on their savings and investments. Spain imposes a tax on savings and investment income, which includes interest, dividends, and capital gains. The tax rate for savings and investment income also varies depending on the amount of income and can range from 19% to 26%.

Furthermore, digital nomads residing in Spain may also be required to pay social security contributions. The Spanish social security system provides benefits such as healthcare, unemployment benefits, and pensions, and individuals who work in Spain are normally required to contribute to this system. These contributions are typically withheld from the individual’s salary and matched by their employer.

See also Eating Out: USA and Jordan Compared #travel #jordan #digitalnomad

It’s important for digital nomads considering the Spain Digital Nomad Visa to fully understand the tax implications of living and working in Spain. Seeking professional advice from a tax expert or accountant is highly recommended to ensure compliance with Spanish tax laws and to optimize tax planning strategies.

Overall, while living in Spain on the Digital Nomad Visa can offer an incredible opportunity to experience the vibrant culture and lifestyle of the country, it’s important for digital nomads to be aware of their tax obligations. By understanding and planning for the taxes they will need to pay, digital nomads can make the most of their time in Spain while remaining financially responsible.

FIND: Turnkey Businesses

LEARN: How To Make Money Online

HOW TO: Work From Home

REVEALED: Online Business Ideas

You May Also Like

Four Central American Countries Offering Digital Nomad Visas

As the trend of remote work continues to rise, more and more people are opting to become digital...

“My Experience as a Digital Nomad: 4 Years of Diverse Jobs” 🌍 #nomad #digitalnomad

I've been a digital nomad for 4 years now, and it has been an incredibly rewarding and enriching...

« Older Entries

  1. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (7)

    Megh on November 26, 2023 at 4:01 pm

    I would love a video explaining how you handle taxes. Do you have an accountant in Spain that you use and recommend? Do you also have to file in the USA (if so how do you handle that)? Do you use any specific software?

    Reply

  2. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (8)

    Xr1st0s on November 26, 2023 at 4:01 pm

    Very useful, thank you

    Reply

  3. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (9)

    Shannon on November 26, 2023 at 4:01 pm

    I am so grateful for this video – THANK YOU for shedding light on this frustratingly vague topic; after months of fruitless searches providing the same unhelpful data, your straightforwardness with examples was a huge breath of fresh air!

    Reply

  5. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (11)

    Austin Smith on November 26, 2023 at 4:01 pm

    Thanks for the great info! Christina, do you what taxes you are going to have to pay in the US? I believe you get a credit for income taxes, but wondering if we will have to pay social security taxes in both countries?

    Reply

  6. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (12)

    Asad Iqbal on November 26, 2023 at 4:01 pm

    Best update.
    Please guide me. I'm working as a freelancer over the Upwork as well as I've clients in USA. I'm working remotely from Pakistan. Is it possible I can get Digital Nomad Visa as I don't have any clients and work in Spain and other EU countries. Please guide me. Thanks

    Reply

  7. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (13)

    Alexander Miller on November 26, 2023 at 4:01 pm

    I am looking at the digital nomad visa. Can this be advantageous for a UK LTD company director?

    I am also a owner and shareholder (50% with significant control) of the company that will employ me.
    Will I get tax advantages?

    I am unsure of the double tax treaty between UK and Spain.
    At the moment I pay myself mainly dividends.

    However, If I took my income 100% as salary, would I pay 24% tax only, or because the source of income is UK, will I also owe tax in UK?

    What would be the most tax efficient option for UK Ltd director / shareholder?

    Thanks!

    Reply

  8. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (14)

    Scott Morris on November 26, 2023 at 4:01 pm

    What about your US Taxes, can you write them off the Spanish ones or visa-versa?

    Reply

  9. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (15)

    J R on November 26, 2023 at 4:01 pm

    I wouldn’t touch this. You might need to pay tax in both the states and Spain. Basically they are going to rape you big time. f*ck that.

    Reply

  10. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (16)

    kedson alves on November 26, 2023 at 4:01 pm

    Video sent from heaven. Tyvm

    Reply

  11. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (17)

    Erin Shine on November 26, 2023 at 4:01 pm

    Amazing information, thank you so much!

    Reply

  12. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (18)

    Nanki Singh on November 26, 2023 at 4:01 pm

    Very helpful – thank you!

    Reply

  13. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (19)

    Danielle Ramirez on November 26, 2023 at 4:01 pm

    Hi! Checking in since this was posted 2 months ago. Everything I read online (even from law websites) says it's 24% thanks to Beckhams law being applicable for freelancers. Since you're already in Spain I figured I'd ask if there is an update to this video since when it was posted things were still up in the air. Thanks!

    Reply

  14. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (20)

    Priya on November 26, 2023 at 4:01 pm

    Hi Christina, thanks for the info! I can’t find anything online about implications for employers. In my case I work for a UK based organisation who want to know if there will be any implications for them if I move to and work in Spain on this visa e.g tax payments from them, social security etc?

    Reply

  15. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (21)

    Amed Sanchez on November 26, 2023 at 4:01 pm

    You will be paying into the Spanish Ponzi Social Security System. Remember that.

    Reply

  16. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (22)

    idoy tv obina on November 26, 2023 at 4:01 pm

    My friend come here in the Philippines.

    Reply

  17. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (23)

    Aoyama Ichome1205 on November 26, 2023 at 4:01 pm

    Christina, are you able to continue to contribute to 401K ? are you able to contribute to ROTH IRA ?

    Reply

  18. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (24)

    P B on November 26, 2023 at 4:01 pm

    Thanks Christina, what did you mean : "the social security is deductible on your taxes"

    Reply

  19. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (25)

    Anakin Skywalker II on November 26, 2023 at 4:01 pm

    Is social security payment tax deductible?

    Reply

  20. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (26)

    Helen Pamely on November 26, 2023 at 4:01 pm

    This is the most helpful video I’ve seen – thanks so much. So much misinformation out there!

    Reply

  21. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (27)

    Arcabuz on November 26, 2023 at 4:01 pm

    This is modern land grabbing. I swear you’ll face hostile hosts. You will be direct responsible for the raise of rental prices

    Reply

  22. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (28)

    Andrey Rodrigues on November 26, 2023 at 4:01 pm

    Hi Cristina. I dropped you a message on your Instagran about the contact information for the lawyer you said you recommend (from another video of yours). Thanks again for the valuable INfO. Cheers from Brazil!

    Reply

  23. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (29)

    MattDoesGolf on November 26, 2023 at 4:01 pm

    As an employed person earning a £59k (c.67k euros) basic salary, I pay a blended average of 18.7% in income tax in the UK.

    0% for the first £12,570
    20% on £12,571 to £50,270
    40% on anything over £50,271 (to £150,000)

    A 24% flat rate (with no tax free allowance) sounds incredibly off-putting for someone who would otherwise be tempted to move to Spain.

    Reply

  24. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (30)

    AlanEZ12 on November 26, 2023 at 4:01 pm

    I would wait until the end of MARCH when the Spanish authorities find the best pathway for solving the issue. In principle, they are trying to incentivise digital nomads to come so I would think they will try to make a better deal on the tax benefits. Also this was the original mandate of the law.

    Reply

  25. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (31)

    Hello Aelita on November 26, 2023 at 4:01 pm

    Thanks for sharing your research and insights on the Spain Digital Nomad Visa! As someone who's considering applying, this was really helpful.

    Reply

  26. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (32)

    Sagheer Ahmed Khan on November 26, 2023 at 4:01 pm

    Oh my god! what a scam on the internet. things are really changing and it is super confusing that how the Spanish authorities will differentiate the applicant(freelance/self employed) whether they fall in 24% bechem regime or normal autonomo tax bracket, despite the fact that all would be whether self employed or Freelancers.
    Bundle of thanks for giving us true information. I will now definitely think whether to apply or not.

    Reply

  27. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (33)

    maycusa on November 26, 2023 at 4:01 pm

    I'm binge watching your videos. You have the best updates on this visa. Thanks

    Reply

  28. Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (34)

    Maf Moors on November 26, 2023 at 4:01 pm

    Thanks for this shared knowledge..you are a star ⭐️

    Reply

Submit a Comment

Tax implications of the Spain Digital Nomad Visa: What to expect. - Revenue Amplify (2024)

FAQs

How is the digital nomad visa taxed in Spain? ›

Spain digital nomad visa tax

Digital nomad visa holders, as non-residents for tax purposes, will face a fixed tax rate of 24% on just the incomes they obtain in Spain (not worldwide income) up to 600.000€ (instead of paying up to 50%). For any income that exceeds that amount, then the (fixed) rate would be 47%.

Continue Reading ›
What are the income requirements for digital nomad visa Spain? ›

How much money do you need to make per month to qualify for the Spain digital nomad visa? An individual must earn twice the local minimum wage in Spain to qualify for the Spain Digital Nomad Visa. This means that the current income requirement for the visa is €2,160 per month / €25,920 per year for an individual.

View Details ›
How do taxes work on a digital nomad visa? ›

Self-employed digital nomads may have to pay Social Security tax in the U.S. If you're self-employed outside the U.S., you'll still owe U.S. self-employment tax on foreign earned income. This is true even if you're able to claim the Foreign Earned Income Exclusion.

Discover More Details ›
How long can you work remotely in Spain without paying tax? ›

How long can you work remotely in Spain without paying taxes? The rule of thumb is that if you spend more than 183 days in Spain within a calendar year, you become a tax resident and are liable to pay taxes on your worldwide income.

View More ›
Is the 15% tax on digital nomads in Spain? ›

Instead of paying the usual 24% in Spanish taxes, digital nomads qualify for a reduced rate of 15% for the first four years, increasing to the usual rate for the fifth year.

View Details ›
What are the tax implications of digital nomads? ›

a) Foreign Earned Income Exclusion (FEIE)

The FEIE lets expats and digital nomads exclude a certain amount of foreign-earned income from US taxation. The exact number changes from year to year, for the 2023 tax year, the exclusion is $120,000, and for the 2024 tax year, the exclusion will be increased to $126,500.

View More ›
Do digital nomads pay tax in Spain? ›

In the annual tax return of a digital nomad in Spain, will he/she be taxed as a resident or as a non-resident? In your annual tax return as a digital nomad, you will be taxed as a tax resident and you will have to file a tax return for all your worldwide income.

Read On ›
Do you have to pay taxes on a digital nomad visa? ›

This means that if you're a US citizen or resident, even if you're a digital nomad who spends most of your time outside the US, you're generally required to file a US tax return and may owe US taxes.

Find Out More ›
How do I prove my income for digital nomad visa? ›

How to Prove Your Income for a Digital Nomad Visa
  1. Bank Statements.
  2. Pay Slips.
  3. Investment Reports.
  4. Employment Contracts.
  5. Tax Returns.

Read More ›
How to avoid taxes as a digital nomad? ›

Strategies for Digital Nomads to Optimize Tax Benefits
  1. Understanding Your Tax Obligations. ...
  2. Choosing a Tax-Friendly Country. ...
  3. Leveraging International Business Structures. ...
  4. Tax Deductions and Credits. ...
  5. Retirement and Investment Planning. ...
  6. Utilizing Digital Nomad Visas. ...
  7. Staying Compliant and Avoiding Penalties.
Jan 4, 2024

Read On ›

Which digital nomad visa has the best tax? ›

Costa Rica. Costa Rica offers one of the most popular digital nomad visas on the planet. Costa Rica's laws mean that as long as you're not employed by a Costa Rican company, you won't have to pay any income tax at all. So, anyone with a remote job in the US or the EU will be living tax free in Costa Rica.

See More ›
Which country has the best tax for digital nomads? ›

Spain claimed first place globally and in Europe. Its digital nomad visa offers a period of six months tax-free, after which workers must pay 15 per cent, and it has a low minimum income requirement of €2,140 per month.

Get More Info ›
Can I work remotely in Spain for a US company? ›

You may apply for a residence permit for the purpose of working remotely for a company located abroad. The permit is valid throughout the territory of Spain. Unlike the visa, you can be granted up to a maximum period of residence of three years, unless it is requested for a shorter period of work.

View Details ›
What is the 183 rule in Spain? ›

According to the Law 35/2006 on Personal Income Tax and other Spanish tax legislation, an individual becomes a tax resident in Spain if any of the following circ*mstances apply: Spend more than 183 days in Spain, during a calendar year, in Spanish territory.

View Details ›
What is the Beckham law in Spain? ›

What is the Beckham Law in Spain? “Beckham Law” is the name given to the Spanish Royal Decree-Law 687/2005, which intends to attract highly skilled professionals from abroad through tax benefits. This special tax regime treats foreign workers moving to Spain as non-resident tax payers.

See Details ›
Do digital nomads pay taxes in Spain? ›

Income Tax: Digital nomads will be taxed on their worldwide income if they establish tax residency in Spain (spending more than 183 days in the country). The Startup Law may offer reduced tax rates or exemptions to simplify this.

See Details ›
How are foreigners taxed in Spain? ›

The general flat income tax rate for non-residents is 24%, or 19% if you are a citizen of a country in the European Union or the European Economic Area. Other income is subject to Spanish non-resident taxes at the following rates: Capital gains resulting from transferred assets are taxed at a rate of 19%.

Get More Info Here ›
Do you have to pay taxes in Spain with a non lucrative visa? ›

As a holder of the Spain Non-Lucrative Visa, you are classified as a tax resident after spending more than 183 days per year in the country. This status implies that you are subject to Spanish taxes on your worldwide income.

View Details ›
Top Articles
5 Best Low-Risk Investments Right Now - NerdWallet
7 Low-Risk Investments
Autonext Mt Moriah
northwest suburbs motorcycles/scooters - by owner - craigslist
Modular Homes in East Lansing, Michigan - ModularHomes.com
The Boston Globe from Boston, Massachusetts
Diablo 3 Metascore
Craigslist North Bay Santa Rosa
At 25 Years, Understanding The Longevity Of Craigslist
How Craigslist Works
Pearl River Community College
Stihl Km 131 R Parts Diagram
Latest Posts
Where and How to Invest Money in the UK - Best Way to Invest Money
The 15 Hottest Female Billionaires In The World
Article information

Author: Msgr. Refugio Daniel

Last Updated:

Views: 6604

Rating: 4.3 / 5 (74 voted)

Reviews: 81% of readers found this page helpful

Author information

Name: Msgr. Refugio Daniel

Birthday: 1999-09-15

Address: 8416 Beatty Center, Derekfort, VA 72092-0500

Phone: +6838967160603

Job: Mining Executive

Hobby: Woodworking, Knitting, Fishing, Coffee roasting, Kayaking, Horseback riding, Kite flying

Introduction: My name is Msgr. Refugio Daniel, I am a fine, precious, encouraging, calm, glamorous, vivacious, friendly person who loves writing and wants to share my knowledge and understanding with you.