Tax burden on employment in Spain continues to rise, now stands at 40.2%, 5.4 points above OECD average
The tax burden in Spain has increased across the board, both on companies and on citizens, in contrast to a very small increase in the tax burden in most advanced economies. Specifically, the tax burden on average wages (including social security contributions and personal income tax) will rise to 40.2% of gross labour costs in 2023, six tenths more than the previous year, according to figures published yesterday by the…
