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Spanish economy

Spanish economy 8th April 2026

Income Tax Season Begins Without “Deflating” Brackets: 25% Increase Since 2018

The income tax declaration season has begun without adjusting for inflation (deflating tax brackets), which translates to paying 25% more than in 2018. Direct taxes—Personal Income Tax (IRPF) and Wealth Tax—paid by families in Spain have increased by 56.3% since 2018. This is equivalent to a 31.1% increase in real terms (after removing the effect of inflation). Consequently, each household pays €1,657 more than six years ago—a 25% increase once…

Spanish economy

Employment rises, unemployment falls due to Holy Week, but 141,000 jobs lost on March 31st

In Spain, Spanish economy

Inflation rises to 3.3%

In Spain, Spanish economy

S&P Global cuts 2026 growth forecast for Spain to 1.9% due to impact of war and rising energy prices

Spanish economy

Home sales seem to be plateauing: 5% drop in January

In Spain, Spanish economy

Spain’s trade deficit stands at €4.01 billion in January, representing decrease of 35.2%

Spanish economy

Spanish exports fall 2.9% in January

In Spain, Spanish economy

Spain to implement two decrees containing measures worth €5 billion to mitigate impact of war

Spanish economy

Telefónica, Iberia, Glovo… year kicks off with trickle of mass layoffs

Spanish economy 12th March 2026

Brussels calls for CJEU to fine Spain for failing to apply VAT exemption directive for SMEs and self-employed

Firstly, the Commission reproaches Spain for failing to incorporate the rules that update the VAT regime applicable to small and medium-sized enterprises (SMEs)—a reform adopted in 2020 with the aim of simplifying the tax obligations of these companies and reducing competition distortions within the internal market. The EU Executive explains that although Spain has indicated it does not intend to apply the VAT exemption for SMEs and the self-employed with…

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