60,100e foreign earned income exemption

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16 Dec 2020 5:15 PM by Dougal6363 Star rating. 1 posts Send private message

Hello,

 

First post in here. I officially became a resident in spain earlier this year thus spanish tax resident. I have found the spanish tax agencies website and exemption of work conducted solely overseas up to 60,100 euros. Has any one sucessfully utliised this?

My situation:

Present in spain for around 140 days this year (all documented and proven)

 Worked abroad for the rest of the year 

Income paid by non spanish company and local taxes withheld

Spain has a double taxation agreement with them

tax rate in country 10%.

 

By calculation of the link attached (spanish agency website):

My gross earnings 87000e

87000e/365 = 238e per day

238 e * (365 - (140 days in spain)) = 53,550e exemption. 

Thus taxable income is 87000e - 53550e exemption = 33450e

 

Income from work received for work actually performed abroad, with a limit of 60,100 euros per year

  

  1. Regulations:  Arts. 7.p) Personal Income Tax Law and 6 Personal Income Tax Regulations

Agencia Tributaria 

Have i read this complety wrong? Thanks 

Dougie 





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