Spain has finalized amendments to its personal income tax law in order to provide tax concessions for the performing arts industry.
A reduction is now provided according to the Royal Decree 31/2023 of January 24, 2023, from 15% to 2%, to the minimum rate of withholding tax that applies to income by artists working in performing arts, on audio-visual projects, or in musical arts projects, as well as individuals provides services necessary for the delivery of such.
When the income is earned from Ceuta or Melilla during the 2023 financial year, or from such activities in La Palma provided the taxpayer is habitually and effectively resident in the island, the rate is reduced to 0.8%.
If you require assistance in relation to the above and/or would like to discuss anything further, please do not hesitate to contact firstname.lastname@example.org or your usual A.C.T. contact.