In Spain

Over 90% of foreign companies in Spain expect to increase or maintain their investment in 2020

Tax revenue up by more than 10% in 2025, public deficit down to 2.2%

In 2025, the Spanish State collected €142.4 billio through Personal Income Tax (IRPF), a 10% increase compared to the previous year. This was largely due to the Government’s refusal to index tax brackets (deflate the rates) to mitigate the increase in tax pressure caused by inflation. This is known as “fiscal drag” (or “cold progression”): salaries rise in line with inflation, but because tax brackets remain unchanged, more is collected…

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pedro sanchez ultimo pleno 2023

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

Bankinter | The Government has announced two decrees containing measures worth €5 billion to mitigate the impact of the war. The first includes short-term measures to reduce taxes on electricity, such as the Special Tax on Electricity at 0.5% (down from 5.11%) until June 2026; the Hydrocarbon Tax on diesel, unleaded petrol, fuel oil, LPG, natural gas and kerosene is reduced; and a reduction in VAT on electricity for vulnerable…