Tax rate differs depending on whether you’re a resident or non-resident of Spain, and the type of rental you provide (short-term or long-term). Spanish residents use their IRPF to declare rental income, where long-term rentals are eligible for 60% reduction. Non-residents that are part of the EU or EEA will be taxed 19% of net income, whilst Non-residents outside of the EU will be taxed 24%.