Bilbao Regional Fiscal Parameters
1. Regional Tax Scale Analysis for Bilbao (Basque Country (Vizcaya))
Personal income tax in Spain is divided into a 50% state tranche and a 50% regional tranche set by the autonomous community (Basque Country (Vizcaya)). Standard tax residents in Bilbao face progressive IRPF rates that scale up to a maximum marginal rate of 49.0%.
By opting into the Beckham Law (Modelo 149), expats establishing residence in Bilbao replace this progressive regional scale with a flat 24% rate on active Spanish employment income up to €600,000.
2. Wealth Tax Bonification (100%) & Foreign Asset Immunity
For standard taxpayers, Basque Country (Vizcaya) enforces a regional Wealth Tax bonification rate of 100%. Foral Wealth Tax scale with €2,000,000 exemption limit However, Beckham Law taxpayers in Bilbao enjoy statutory non-resident status, giving them 100% IMMUNITY from Spanish Wealth Tax (Impuesto sobre el Patrimonio) on all assets held outside Spain.