What is the non resident tax in Lanzarote?

For non-residents of the EU, the tax rate is 24%. Example: If the cadastral value of the property is 200.000 Euros and the taxable base is 2.200 Euro (1.1% as mentioned above). In this situation, if you are resident in the EU, tax = 19% X 2.200 Euro = 418 Euro.



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For non-residents of the EU, the tax rate is 24%. Example: If the cadastral value of the property is 200.000 Euros and the taxable base is 2.200 Euro (1.1% as mentioned above).

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Lanzarote, in particular, is a low-tax haven within the EU that offers a high quality of living and a strong tourism industry that creates a diverse and dynamic economy. This combination of factors has made Lanzarote one of the least expensive yet highest-quality places to live in the world.

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The canaries are an EU tax haven, although not in the traditional sense: this jurisdiction, part of Spain, makes available many tools for tax planning of known companies. First, the Canaries tax system is easier and with lesser tax burden than other European countries, fully legal and authorized by European Commission.

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Income tax for the Canary Isles The personal income tax rates for general income are a combination of regional and state rates. Last year, the top regional rate in the Canary Isles was 22.5% but two new brackets have been introduced for 2020: 25% for income over €90,000. 26% for income over €120,000.

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Lanzarote is one of the Canary Islands, which are part of our inclusive roaming destinations. You can find the full list of destinations here. This means you can use data with no extra charges. Be sure to check our Open data policy to see how much of your data allowance you can use.

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Both residents and non-residents can be taxed, although non-residents are only taxed on assets located in Spain. Tax rates are progressive and start at 7.65% (0-7,993 EUR), up to 34% (over 797,555 EUR).

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