We launched our new weblog on January 2, 2015 and there’s no higher technique to launch the weblog than with two excellent news associated to tax regulation:

Yesterday, January 1, 2015, the brand new tax reform got here into impact, which entails a discount within the withholding percentages utilized to the payroll of employed staff.

With this measure, staff’ salaries will enhance, for instance, calculated on the common Spanish wage, which quantities to 22.726,44 euros annual gross, the discount in withholdings in comparison with 2014 for an employed individual with out youngsters could be 384.07 euros per yr, that’s, about 32 euros of month-to-month discount.

As well as, the legislator has elevated the minimal retention threshold, from 12,000 euros to 11,162 euros, and has lowered the retention of firm directors, from 42% to 35% of retention, and in corporations with a turnover of lower than 100,000 euros it falls 20% in 2015 and 19% in 2016.

Withholdings utilized to self-employed staff, that’s, to the self-employed, are additionally diminished. There can be a double discount:

  • In 2015 from 21 to 19%.
  • In 2016 from 19% to 18%.

As well as, the 15% discount that got here into impact in July 2014 for self-employed staff who earn lower than 15,000 euros per yr remains to be in pressure.


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