When living and working in Spain, you need to understand what your tax obligations are so that you can plan accordingly. This is especially true for self-employed people and business owners, who usually pay quarterly installments on estimated taxes throughout the year. Several online tax calculators for Spain can be found, some being more helpful than others. In this article, we have reviewed four of the best calculators for estimating your Spain tax rate. However, please remember that these are for educational purposes only, and you should always consult with a lawyer with specialized experience in Spanish tax law before making any financial decisions.
UK tax calculators World
This Spain tax calculator allows you to input your yearly, monthly or weekly income to see what your estimated income tax will be. The output information is very clearly laid out: gross income, tax due, net income, and overall Spain tax rate. One advantage of this specific calculator is that it allows you to choose a currency other than euros to help you understand the figures given. It also offers some useful perspective for understanding the “real value” of your money by listing typical purchase prices for common items in Spain, such as basic foodstuffs, petrol or gasoline, and apartment rent. Finally, you can use this tax calculator to compare your tax rate in Spain with that in other countries.
"Cinco Días calculadora sueldo neto" tax calculator
This tax calculator in Spain is very comprehensive and is powered by a reputable national newspaper, El País. The drawback is that it is only available in Spanish, so if you are not comfortable with the language you might find it tedious to answer all the specific questions about your family situation that can affect the amount of taxes in Spain you will have to pay.
Salary after tax calculator for Spain
This is probably the simplest calculator to use on this list for calculating your Spain tax rate and net income after paying your IRPF (personal income tax, or Impuesto sobre renta de personas físicas). All you have to do is enter your pre-tax salary (either yearly or monthly), and click the calculate button. The calculator will then display your yearly and monthly gross income, taxes due, and net income. Below these results, it also shows you a comparison of how your salary compares to the average monthly salary in Spain and how it compares to the minimum salary in the country. A graph showing the average and minimum salaries for several countries is also provided for comparison purposes.
Spain tax calculator net salary calculator
The advantage of this particular tax calculator in Spain is how it clearly breaks down the amount of your income that is subject to each Spain tax rate. For example, for a yearly income of €36,000, it will show you that you are given a tax deductible allowance of €5,151 and calculates your taxable salary after subtracting that allowance and your social security contributions (6.35%). Below, it explains how the first €12,450 of that taxable salary is taxed at the first rate of 19%, followed by the next €7,750 at 24%, and the remaining €8,363 at 30%. In this case, no income is subjected to the top two brackets of 37% and 45%.