How are Treasury bonds taxed in an income tax return in Spain?

According to the Tax Authority’s website, “All compensation or profits, whatever their name or nature, whether in cash or in kind, that come, directly or indirectly, from personal work, employment, or legal relationship, and do not take the character of income from economic activities.” “

“There are other concepts that are the basis of savings, such as, in this case, Treasury bills. Here the measure is a little different from that of labor income, and essentially, lOur taxes are for performanceexplains Adrian Flores, Tax Consultant at EconoomiTax.

A progressive rate is applied to the returns earned on treasury bills. The tax rate on the savings base, in 2023, is 19% for the first 6,000 euros, 21% between 6,000 euros and 50,000 euros, 23% between 50,000 and 200,000 euros, 27% between 200,000 and 300,000 euros, and 28% on all incomes exceed the last.

It must be borne in mind that, in the case of treasury bills, these ratios always apply to profit. “This does not mean that we receive 1,000 euros and pay 19% for it,” Adrian Flores explains. “We pay 19% or equivalent of the profit obtained“. Tax rates also apply in cases where payment must be made before the invoice expires. “For example, if we buy treasury bills for €900 for one year and decide to sell six months later for €950, we will have earned €50 and will pay taxes on This amount,” explains this expert.

Income tax returns box

the Box No. 30 Its purpose is to announce the proceeds from the conversion or consumption of treasury bills. To enter the amount, the procedure is simple. “The fund was identified as a treasury bill,” says Adrian Flores. “You press it and the performance achieved is indicated.”