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Follow on Google News | Spanish Government Introduces New Tax MeasuresThe Spanish Government recently announced new tax reforms with specific measures to stimulate employment.
By: Nair & Co. The new measures are summarised as follows: * Significant increase in allowances for family and old age people. * Income Tax exemption for employees with annual income less than EUR 12,000. * Employers are responsible to pay flat social security contributions of EUR 100 for general risks for employees hired under a non-fixed term contract and with the following conditions: * If the contract is for three years or more. * If there is a net increase in total headcount. * The flat rate will be applicable for first two years of the contract. Companies having operations in Spain or those planning to establish operations in the country are advised to carefully monitor progress of the above tax measures and take necessary action. For more information about doing business overseas (http://www.nair- Subscribe (http://www.nair- Get the latest news releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts (http://www.nair- About Nair & Co. Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax and compliance services for the set up and management of your international operations. Our model of a single-point- Media Contacts: For media enquiries or to learn to more about Nair & Co., please email us at media@nair-co.com or call Yvonne Smith at +1.408.501.8867 End
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