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Spain offers tax cuts for Brits moving abroad despite Golden Visa being scrapped

Spain offers tax cuts for Brits moving abroad despite Golden Visa being scrapped
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The Leader Weekend Briefing - Friday 3 May 2024

The Leader Weekend Briefing - Friday 3 May 2024
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Spain Today – Friday 3 May 2024 | Spanishvida - Spanish news in English

In our last Spanish news of the week, 63.5 million to acquire more than 1,500 new ultrasound machines, Golden Visa withdrawal will have hardly any impact on sales by foreigners, and self-employed must allocate half their monthly income to taxes and contributions. The special traffic operation continues through the weekend in Castilla la Mancha, Madrid

Self-employed must allocate half their monthly income to taxes and contributions | Spanishvida

The General Council of Economists (CGE) has published its latest report on the tax bill of Spanish households. Taking into account the average income declared by the self-employed, the cost of taxes and social contributions is, on average, between 45% and 60% of their turnover. A self-employed person with a gross income of 3,100 euro

Huge increase in self-employed bankruptcy proceedings to benefit from the Second Chance Law | Spanishvida

According to the College of Registrars, bankruptcy proceedings have continued to increase in 2024 in Spain. In the first quarter there were 1,117, and the majority were self-employed. Economists say that many declare themselves bankrupt to benefit from the Second Chance Law. In 2024, the number of self-employed individuals who access bankruptcy proceedings to qualify

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