Impact of Spanish 2015 Tax Reform on Tax Rates for Non-Residents

The Spanish Tax Reform for 2015 that was approved the end of November 2014 includes several provisions impacting the taxation of non-residents, including reductions in the non-resident income tax (NRIT) rates. NRIT applies for non-residents with no permanent establishment (PE) in Spain. The applicable rates will be reduced as follows:

• The general NRIT rate will be reduced to 24% in 2015
• The NRIT rate for EU and EEA residents will be reduced to 20% in 2015, and 19% in 2016
• The general NRIT r…