BLOG POST WRITTEN BY CHAMBER MEMBER SCORNIK GERSTEIN LLP
On 22nd of December 2022, the Spanish Parliament approved the «Ley 28/2022, de 21 de diciembre, de fomento del ecosistema de las empresas emergentes», or commonly known as the Start-Up Law (SUL), which became effective on 1 January 2023. The SUL have made significant enhancements to the Spanish´s special tax regime, the so called «Beckham Law», by introducing new measures. However, due to the «Desarrollo Reglamentario» were pending to be approved, some of those measure were not applicable yet.
This scenario gave rise to significant uncertainty, specially to those who moved to Spain during 2022 and 2023, and, taking into account the modifications that the SUL has introduced to the Beckham Law, are eligible to pay their taxes under this special tax regime.
TRANSITIONAL PROVISION: BECKHAM LAW APPLICATION DEADLINE
On 5th December of 2023, the Spanish Government approved the Royal Decree 1008/2023, which ended that uncertainty by confirming that those individuals who became Spanish resident for tax purposes, in 2023 as a result of relocating to Spain in the same year or in 2022, can apply to pay taxes under the Beckam Law rules. In order to do so, those taxpayers must make an application before 16st of June 2024.
THE BECKHAM LAW GUIDE
To provide a response to the main questions about the Beckham Law and the application of the new rules introduced by the SUL, Scornik Gerstein LLP has launched The Beckham Law Guide, where its tax department addresses the following questions:
- What is the Beckham Law?
- When does an individual become a Spanish resident for tax purposes?
- What are the benefits of the Beckham Law?
- What are the enhancements that the Spanish Start Up Law introduces to the Beckham Law?
- Who is eligible to apply for the Beckham Law tax regime?.
Download The Beckham Law Guide
For more information, do not hesitate to contact us:
laura.gallego@scornik.com