New measures 2012
The new Spanish government has taken with immediate effect a number of urgent measures:
- the reduction in corporation tax applicable to companies that maintain or expand their workforce, will also be continued in 2012;
- during 2012, a super-reduced VAT rate of 4% will be applied to new real estate;
- income limits related to mortgage benefits in Income Tax Declaration have been cancelled;
- income tax is temporarily increased for the years 2012 and 2013, making the top rate rising to 52%. In some regional states it could result in even 56%;
- saving taxes increase to 21-25-27% (depending on the taxable amount);
For a more detailed explanation of the above mentioned measures and a full list of other changes, please contact Ibersupport.
Steven Willmott, CTO 3scale networks SLIbersupport have been excellent from day one. They are highly responsive, competent and proactive in getting things done, as well as very pleasant to work with. We wouldn't hesitate to recommend them.