Figures based upon 1 EUR = 1 EUR.
In Spain, an income of 24,936.00 EUR / 24,936.00 EUR is more than the lowest average advertised salary of 12,600.00 EUR / 12,600.00 EUR and more than the country's average income of 24,936.00 EUR / 24,936.00 EUR.
Why not compare the taxation and buying power of Spain with another country? click here.
Here are how much some common purchases cost in Spain:
Water Bottle (1.5L) : 0.57 EUR / 0.57 EUR (Price in Spain converted to EUR)
Milk Bottle (1L) : 0.77 EUR / 0.77 EUR (Price in Spain converted to EUR)
Pint of Beer : 2.30 EUR / 2.30 EUR (Price in Spain converted to EUR)
Bread (500g) : 0.95 EUR / 0.95 EUR (Price in Spain converted to EUR)
Chicken Breasts (1kg) : 5.79 EUR / 5.79 EUR (Price in Spain converted to EUR)
Petrol UK Gallon : 5.73 EUR / 5.73 EUR (Price in Spain converted to EUR)
Volkswagen Golf or Equivalent : 19,000.00 EUR / 19,000.00 EUR (Price in Spain converted to EUR)
Broadband Internet Monthly : 40.70 EUR / 40.70 EUR (Price in Spain converted to EUR)
Rent One Bedroom Apt. In City (Monthly) : 627.72 EUR / 627.72 EUR (Price in Spain converted to EUR)
Purchase One Bedroom Apt. In City : 99,498.35 EUR / 99,498.35 EUR (Price in Spain converted to EUR)
Part of Europe, Spain covers an area of 498,595 square kilometers.
Spain has a Gross Domestic Product (PPP) of 1,689.71 ($ Billion) from a population of 46,070,146.
People in resident and working in Spain are liable to pay PIT (Personal Income Tax). A progressive tax system spread over six tax bands ranging from 19% to 47%.
Tax bands are as follow:
Below 12450 EUR - 19%
Between 12450 EUR and 20200 EUR - 24%.
Between 20200 EUR and 35200 EUR - 30%.
Between 35200 EUR and 60000 EUR - 37%.
Between 60000 EUR and 300000 EUR - 45%.
Above 60000 EUR - 47%.
Personal allowance deduction allowed of 5,550 EUR - this is for individuals under 65 years of age.
Additional allowance deduction of up to 7,302 EUR allowed for employment incomes below 19,747.50 EUR and no other income over 6,500 EUR.
Social contributions are a total of 6.35%, made up of 4.7% for pension and accident plus another 1.5% for unemployment and 0.1% for training. They are deductible from gross income for tax purposes.
Source: http://www.agenciatributaria.es/AEAT.internet/en_gb/Inicio.shtml
Source: XE.com (Currency Conversion).
Source: SalaryExplorer.com (Averages from average salaries in major job categories).
Source: Numbeo.com (Cost of living).
This calculator allows you to calculate income taxes and social contributions equivalent for Spain. You can choose the preferred currency for the input amounts and displayed calculation. For example: If you choose EUR as your preferred currency, then the income entered will be converted to Spain's native currency for the calculation so that correct income equivalent is used. The results will then be shown in EUR and your chosen currency.
We have trawled through the quagmire of tax legislation for 16 of the World's major economies and created a comparable position as close to the UK's PAYE (Pay As You Earn) system for employed people.
We look at each country's taxation for employed people, as well as things like medical care which are part of social contributions for some countries or require mandatory purchase of health insurance.
Combining this information lets us calculate taxes for each of the 16 countries and then do not only a taxation comparison but also a comparison of buying power based upon commonly purchased items.
It is quick and easy to use and you can get a detailed result at the click/tap of a button!
We currently support the following countries - by clicking on the links below you can just do an individual tax calculation for those countries - or scroll up and compare tax between two countries directly!
You can also compare tax using these examples:
Source: https://www.impots.gouv.fr/portail/international
Source: http://www.citizensinformation.ie/en/money_and_tax/tax/income_tax/how_your_tax_is_calculated.html
Source: http://www1.agenziaentrate.gov.it/english/revenue_agency/index_revenue.htm
Source: http://www.impotsdirects.public.lu/fr.html
Source: http://www.agenciatributaria.es/AEAT.internet/en_gb/Inicio.shtml
Source: https://www.estv.admin.ch/estv/en/home.html.
Source: https://www.gov.uk/government/organisations/hm-revenue-customs.
Source: http://www.bundesfinanzministerium.de/Web/EN/Issues/Taxation/taxation.html.
Source: https://www.irs.gov/tax-professionals/tax-code-regulations-and-official-guidance.
Source: http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html
Source: https://www.ato.gov.au.
Source: http://www.ird.govt.nz/how-to/taxrates-codes/rates/itaxsalaryandwage-incometaxrates.html.
Source: https://www.nta.go.jp/foreign_language/.
Source: http://www.chinatax.gov.cn/2013/n2925/.
* calculations are currently based on the 2024 tax rules, rates and allowances for comparable single individuals in each country.