1. There is a fixed reduced tax rate for foreign workers who move to Spain to work and live. The tax is 24% for the first 6 years, for up to €600,000. If income is more than €600,000, the tax rate is 47%.
2. No tax is levied on savings income (interest, dividends, and capital gains) of foreign origin
3. Taxes paid will be under the category of non-residents
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