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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.
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.