Destination Guide: Valencia (Valencian Community)

Relocating to Valencia:
Regional Beckham Tax Guide

Compare regional progressive IRPF rates (54.0%) against the flat 24% Beckham Law and protect your assets in Valencia.

Valencia Regional Fiscal Parameters

Max Regional IRPF Rate54.0%
Regional Wealth Tax Bonification0% Bonified
Regional Wealth Allowance€500,000 Individual Exemption Limit
Municipal Property Tax (IBI)Municipal IBI property tax rate: 0.574%

1. Regional Tax Scale Analysis for Valencia (Valencian Community)

Personal income tax in Spain is divided into a 50% state tranche and a 50% regional tranche set by the autonomous community (Valencian Community). Standard tax residents in Valencia face progressive IRPF rates that scale up to a maximum marginal rate of 54.0%.

By opting into the Beckham Law (Modelo 149), expats establishing residence in Valencia replace this progressive regional scale with a flat 24% rate on active Spanish employment income up to €600,000.

2. Wealth Tax Bonification (0%) & Foreign Asset Immunity

For standard taxpayers, Valencian Community enforces a regional Wealth Tax bonification rate of 0%. 0% Bonification (High progressive scales) However, Beckham Law taxpayers in Valencia enjoy statutory non-resident status, giving them 100% IMMUNITY from Spanish Wealth Tax (Impuesto sobre el Patrimonio) on all assets held outside Spain.

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