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Personal Income TaxIn General. This tax is currently governed by the Act 35 of 28 November, 2006 on PersonalIncome Tax, and by the Royal Decree 439 of 30 March 2007, approving the Personal IncomeTax Regulations and Act 22 of 18 December 2009 that regulates the financing system of theAutonomous Communities.Persons subject to the tax. Individuals who usually are resident in Spain are subject to personalincome tax. A taxpayer is deemed to be a usually resident at Spanish territory if any one of thefollowing conditions is met: The taxpayer is physically present in Spanish territory for more than 183 days in thecalendar year, or The main centre or base of the taxpayer’s activities or economic interests is in Spain,either directly or indirectly.In the absence of proof to the contrary, an individual is presumed to be resident in Spain if hisspouse (from whom he is not legally separated) and dependent underage children are habituallyresident in Spain.Individuals who are payers of non-resident income tax and are resident in a member state of theEU may elect to be taxed under Spanish personal income tax if they demonstrate that theirhabitual domicile or residence is in another EU member state and that at least 75% of their totalincome during the year was obtained as salary income or business income in Spain.Taxable event. Taxpayers subject to personal income tax are taxed on their entire worldwideincome, including the income of foreign entities in certain circumstances. The Act distinguishes ageneral tax base and a Savings tax base. The general base is the result of adding:1 Salary income2 Income from real estate3 Income from movable capital derived from the assignment of own funds to entitiesrelated to the taxpayer.4 Other income form movable capital which is not considered savings income, such as thatderived from the assignment of the right to use the image and intellectual property.5 Income from business activities.6 Imputation of income from real estate.7 Imputation of income from entities under the international fiscal transparency system.8 Imputation of income from assignment of rights of publicity.9 Changes in the value of units in collective investment undertakings established in taxhavens.27