Spain’s Beckham Law offers qualifying foreign workers a flat 24% income tax rate—significantly lower than Spain’s progressive tax system, which can reach up to 47%.
Tax consultants in Spain suggest that for many U.S. expats, this rule, when paired with U.S. tax benefits, can result in lower overall tax obligations than they would face back home. But who qualifies, how do you apply, and what steps should you take to optimize your tax situation?