Also known as Beckham Legislation, as the former Real Madrid player benefited from this tax regime prior to moving to LA. This excellent tax regime for international executives moving to Spain provides a 25% flat income tax rate and exempts foreign income and assets for a five years period. Please read the article published in the Tax Journal (UK) under the title España Mañana
[...] we published our first article on the Beckham Law in the Tax Journal, back in 2004, our English colleagues were [...]