Government of Spain simplifies model contracts to facilitate and incentivise stable employment

 

 

The Minister for Employment and Social Security, Fátima Báñez, announced in the Lower House of Parliament on Thursday that the Government of Spain is working to simplify the various contract models in order to facilitate and incentivise the stable employment of workers. Furthermore, the Employment Act will be re-written to include all existing incentives to job creation.

Through this process of administrative simplification, the 41 different employment contract models that currently exist in Spain will be reduced to a total of 5: permanent contracts, temporary contracts, substitution contracts, work experience contracts, and training and apprenticeship contracts.

Employ a worker and get 1.125 Euros. Until September 30th.

Today has been published in the Official Gazette of the Province of Alicante the call of " 2013 Employment Plan" that includes public benefits for hiring unemployed people in the municipality of Alicante for work centers located in the province of Alicante.

Companies that employ staff between August 31^st and September 30^th for a period of at least three months with at least  a 25 hours per week work contract, will be entitled to get a grant of 1.125 Euros.

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The average number of foreign citizens registered with Spanish Social Security system stands at 1,632,903 in July

 

The number of foreign citizens registered with the Spanish Social Security system stood at 1,632,903 in July. This figure represents a decrease of 8,920 or 0.54%. In year-on-year terms, the number of foreign citizens registered with the system continues to fall.

The year-on-year decrease in the number of foreign contributors stands at -7.48%. This compares with a rate of -3.56% for the Spanish Social Security system as a whole. These two indicators show a continuation of the trend already seen in previous months, insofar as that job losses continue to have more impact on foreign workers than those of Spanish nationality.

More tourists than ever seeking the Spanish sun

That tourism is now the driving force of the Spanish economy has become something of a truism. But such is the case. Experts and hotel owners agree that July and August have met all expectations with the predictions indicating that records for foreign visitors will be broken once again.

 

Brits, Germans and the French have flocked to Spain for their summer vacations in their droves with the coasts of the Canary Islands, Balearics and Catalonia absorbing tourists put off by events in other countries such as Egypt, where the ongoing political crisis has caused visitor numbers to plummet.

Entrepreneurs Law: 20% TAX REDUCTION FOR NEW SELF- EMPLOYED PEOPLE

Among the measures introduced by the Entrepreneur Law approved by the government and whose objectives is to support entrepreneurs, economic stimulus and job creation, it states a 20% reduction on the net income for those that are established as autonomous from now.

 

What does this mean?.. Net income is the difference between income and expenditure, which is the tax base subject to taxation. That tax base will be lowered, thus resulting tax will be lower. If we get 1000 Euros in net income, to apply the reduction will remain in 800, which will result in tax savings for the self.

Partial time work contracts hit a new record.

 

 

The number of workers in part-time jobs has hit yet new highs as a result of the labor reform introduced in February of last year and the impact of the country’s longest recession since the restoration of democracy. According to the National Statistics Institute’s (INE) latest Active Population Survey (EPA), 16.4 percent of those employed are working part time.

 

While the number of jobs available has fallen by 18 percent from the highs seen during the previous boom, the number of workers in part-time employment has increased by slightly more than 20 percent. Part-time work has traditionally been the least preferred option for many workers, but with just under six million people out of a job and a jobless rate of over 26 percent, people are now more willing to accept any form of employment.

Entrepreneurs Law: Reduced Corporation Tax for new Companies.

The new Entrepreneur Law has introduced a reduction in the tax rate applicable to corporation tax for newly created entities formed from January 1, 2013.

During the first two tax periods in which the tax base is positive, that is, in the first two years in which benefit is obtained, the corporation tax will be calculated according to the following tax rates:

- 15% for taxable income between zero and 300,000 Euros

- 20% for the remaining tax base.

Are you entitled to get your medical card?

 

 

On 24 April 2012 the Spanish government announced reforms to the state healthcare system which affect everyone living in Spain. Further details were released on the 4 August 2012. you can find here a brief summary of the health reform.

The status of insured person.

 

1. For the purposes of the new law, the following have the status of insured persons:

Entrepreneurs Law: Bonuses to hire workers.

 

The new Entrepreneurship and Youth Employment Strategy recently launched by the government, has introduced six new recruitment bonuses for self-employed people and small businesses. The Bonuses affect permanent contracts, temporary and part-time,  the incorporation of young people as partners in cooperatives and labor corporations and the recruitment of staff over 45.

These measures will remain in effect until the unemployment rate in our country is below 15 percent.

The valencian Government raises Transfers Tax from 8% to 10%

From today if you buy a second-hand housing in the Valencian Community will pay a 10% transfer tax , a new general rate on real estate transfers, passing said rate from  8 to 10%, in line with the rate of VAT applicable to the delivery of new homes.

Mortgage debt: How could be affecting my salary?

Do you know what could be happening in case you have a mortgage debt that you can not assume? Well, if your debt is not canceled with the delivery of your property, the bank will seize your salary, but with the limitation of 150% of the minimum legal wage, assuming “unattachable” the amount of 961 Euros.