MADRID APPROVES ITS 20% PERSONAL INCOME TAX DEDUCTION FOR FOREIGN INVESTMENT

19 june 2024

The law, which is being submitted to the Assembly of Madrid today, shall be applied retroactively from 1 January to foreign investments or Spanish investments abroad who settle in the region.

asamblea-madrid
Transactions between RESIDENTS and NON-RESIDENTS
An ever increasing number of people are taking advantage of the increased free movement of capital and establishment to transfer his/her tax residence within and outside the European Union.