- Top bracket reached
- 43.0% · €60,000 – €300,000
- Personal allowance
- −€1,055
- Net annual tax
- €39,381
- Rate band 1 (≤ €600k)
- 24%
- Rate band 2 (> €600k)
- 47%
- Net annual tax
- €28,800
On a salary of €120,000 in Madrid, 6 years under the Beckham Law saves you €63,487 in income tax versus standard IRPF. That's roughly seven months of net salary back in your pocket — and excludes the wealth-tax exemption on foreign assets.
IRPF brackets · 2024–26 · Madrid · combined state + regional
| Band | Income range | Marginal rate | Tax on this band |
|---|