Tax Rates for 2017

Income Tax

From (Euros) To (Euros) State tax % Regional tax % Total tax %
0 12,450 9.50 9.50 19.00
12,450 20,200 12.00 12.00 24.00
20,200 35.200 15.00 15.00 30.00
35,200 60,000 18.50 18.50 37.00
60,000 + 22.50 22.50 45.00

Capital Gains Tax Rates

Residents
First 6,000 Euros: 19%
6,000 – 50,000 Euros: 21%
50,000 + Euros: 23%
Non-residents 19%

Allowable Depreciation

Straight line method can be used for any depreciable asset. Reducing balance method can be used for new tangible assets with estimated useful life of at least 3 years

Maximum straight Line rate % Maximum Useful Life years
Buildings and other
constructions
3 68
Tools 30 8
Motor vehicles 16 14
Fixtures & Fittings /
Office Equipment
10 20
Machinery 12 18
Computers 25 8