How are dividends taxed in Spain?

Dividends are savings income (rendimientos del capital mobiliario) taxed in the base del ahorro on a progressive scale: 19% up to EUR 6,000, 21% from 6,000 to 50,000, 23% from 50,000 to 200,000, 27% from 200,000 to 300,000, and 28% above 300,000. The rate that applies depends on how much savings income you have in total.

What is the 19% retención?

Spanish companies and paying agents withhold 19% of the gross dividend at source as an advance payment (retención a cuenta). That amount is credited against your final IRPF bill on your annual return: if your savings-scale rate is higher you pay the difference, and if it is lower you receive a refund.

How is foreign dividend withholding handled?

Dividends from foreign shares are often taxed in the source country up to a treaty limit (commonly 15%). Spain lets you credit that foreign tax against your Spanish liability on the same income, avoiding double taxation. Enter the foreign rate and the tool credits it, flagging any amount that cannot be relieved.

Why does other savings income matter?

Because the scale is progressive, the rate on your dividend depends on where it sits in your total savings base. The tool stacks the dividend on top of any other savings income you enter, so a large interest or capital-gains figure can push the dividend into a higher band — exactly as the tax office computes it.

Is this an exact figure?

No, it is an estimate of the tax on the dividend in isolation. It does not model your full IRPF return, regional surcharges, or the precise interaction with deductions and allowances. Use it to understand the net yield, then confirm with an asesor fiscal.

Spain Dividend Tax Calculator

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This Spain dividend tax calculator shows what is left of a dividend after Spanish tax. Dividends are savings income taxed in the base del ahorro on a progressive 19–28% scale, with 19% withheld at source as an advance payment and reconciled on your IRPF return. The tool also credits foreign withholding so cross-border dividends are not taxed twice.

How it works

The dividend is taxed in bands within your total savings base:

up to EUR 6,000 → 19%
EUR 6,000 – 50,000 → 21%
EUR 50,000 – 200,000 → 23%
EUR 200,000 – 300,000 → 27%
above EUR 300,000 → 28%

To get the marginal cost correctly, the tool stacks your dividend on top of any other savings income you enter and takes the difference in total tax — so a large existing savings figure pushes the dividend into a higher band.

A 19% retención is withheld at source. The tool reports it separately and shows whether you still owe a balance or are due a refund once the scale tax is settled. For foreign dividends, the source-country withholding you enter is credited against the Spanish liability, with any unrelievable excess flagged.

Example

A EUR 10,000 Spanish dividend with no other savings income is taxed at 19% on the first EUR 6,000 and 21% on the remaining EUR 4,000 — EUR 1,140 plus EUR 840 = EUR 1,980. The 19% retención of EUR 1,900 is already paid, so only EUR 80 remains due, leaving EUR 8,020 net.

Notes

Estimate only. Spain taxes dividends on the national savings scale and withholds 19% at source, then reconciles on the IRPF return. Foreign-source dividends may suffer treaty-limited withholding you can usually credit. This models the tax on the dividend in isolation, not your full return — confirm with a Spanish accountant.