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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
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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
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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