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Back to Regulations


Withholding tax June 2016

Are any other taxes levied?
Yes, yacht owner’s that are residents of countries that do not have dual taxation treaty with Spain are subject to a 24% withholding tax on income generated in Spain.
What is a withholding tax?
A withholding tax is a tax deducted at source, and levied is Spain on income generated in Spain by person’s resident outside the country.