Question
Are there ways for self-employed individuals, working remotely with American clients, to estimate the tax in Spain they’d owe upon becoming Spanish residents if considering a move there with family?
Answers
These are the answers of some Facebook group members:
”This is really a question for an account. But here is the income tax table, which is progressive like in the US. Keep in mind different autónomous communities might impose additional taxes”
”Remember it’s complicated. Firstly, as self employed, you will be paying the fees (both tax and SS) applicable to autonomo. A post yesterday was by somebody who was so dismayed by these fees that he’s decided to quit Spain.
Then consider that you may well be liable for Wealth Tax depending on which region you live in and the value of your total net worth . You’ll only get anything resembling an accurate answer by asking an accountant to run a simulation for you”
”Then on top you have owners taxes if you own property, like rubbish tax car tax ibi etc Consulting tax specialist is usually prefer le as part of process of moving. Rather than an after thought”
Conclusion
In conclusion, according to Spainguru Facebook group members, estimating taxes for self-employed remote workers moving to Spain involves complexities such as progressive income tax, regional variations, ”autónomo” fees, Wealth Tax based on net worth, and property-related taxes. Consulting a tax specialist before the move is crucial to navigate these intricacies effectively.
Related read: Is it worth becoming an autonomo in Spain, considering the costs and benefits compared to other countries?
