In general, the retention to be applied to investments will be as follows:

  • If the investor is an individual, the following income tax withholding will be applied depending on the yield obtained: yields of up to €6,000, have an applicable withholding of 19%; yields of between €6,000 and €50,000, have an applicable withholding of 21%; and yields above €50,000, have an applicable withholding of 23%.

  • If the investor is a company with a shareholding of less than 5%, the withholding will be the same as for individuals depending on the yield obtained but, in this case, the withholding will be Corporate Tax.

  • If the investor is a company with a shareholding of more than 5%, no withholding will be made as long as that percentage, or more, has been maintained over the previous 12 months.

These will be the applicable rates unless the investor is a non-resident taxpayer in Spain and his country of residence has an international agreement with Spain, in which case the withholding indicated in the agreement will be made.

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