Andalucía and Madrid Have the Lowest Tax Rates in Spain

Yesterday the Registry of Fiscal Advisers (REAF) of the General Council of Economists (CGE) commented on the different tax rates in Spain as being “a jungle”, as the annual report on the taxation in the autonomous regions around the country was presented.

The regions with the lowest tax rates include Madrid and Andalucía, closely followed by the Murcia region.

On the opposite side of the scale, Catalonia was once again in the top among the regions that have the highest tax rates in the country, together with the regions of Valencia, Asturias and Extremadura. 

Large differences can be seen when doing a detailed analysis. For instance, a single taxpayer without children, under 65 years and with an annual income of between 20,000 and 30,000 euros, would pay the highest fee in Spain if he lived in Catalonia and the lowest if he lived in Madrid, Andalucía or Murcia.

The super-rich on the other hand, with assets exceeding four million euros, would receive the largest tax blow if they lived in Extremadura, followed by the Balearic Islands and Valencia. In Madrid, these people are exempt from paying taxes.