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The agreement establishes for this year a wage of 1080 euros gross per month in 14 payments. This increase will be retroactive from 1 February, so that workers who receive the minimum wage will see it reflected in their next pay cheque. The Ministry of Labour and Social Economy and the labor unions have reached an agreement to increase the Minimum Interprofessional Wage (SMI) this...Read more

Self-employed professionals who benefited from the aid for cessation of activity will enjoy changes in their self-employed contribution during the month of September. The Social Security reminds those self-employed who were beneficiaries of this benefit on 31 May and who have not reapplied for aid for cessation of activity, that they will pay less in the September quota. It is estimated that more than 200,000...Read more

Cash transactions may not exceed 1,000 euros. On 11 July last year, new regulations came into force that set new limits for cash payments. Self-employed persons and SMEs are among the main parties affected. The Official Gazette published the regulation that can sanction those who continue to receive amounts of more than 1,000 euros for payment of services or products. This rule applies regardless of...Read more

On 10 July, the Spanish Official State Gazette published Law 11/2021 on measures to prevent and combat tax fraud, in compliance with European directives. As we saw in our previous article, this regulation contemplates tax changes that especially affect estate taxes for 2022, but it may also significantly affect heirs who are beneficiaries of inheritances during their lifetime, and not only because of the change...Read more

On 10 July, the Spanish Official State Gazette published Law 11/2021 on measures to prevent and combat tax fraud, in compliance with European directives. This regulation contemplates tax changes that particularly affect wealth taxes in the period up to 2022. Like almost all tax laws, its purpose is to increase tax revenue, but to achieve this, tax rates will not be increased, but rather the...Read more

This article is part of our guide Taxes in Spain for non-residents and foreigners which you will find in our Taxes in Spain for foreigners section. As in most countries, in Spain the State likes to keep a part of your estate when you die. How much they will receive depends largely on how well you plan your affairs. The whole system of death taxation...Read more