Unemployment falls by 344,900 people in the last year

According to the estimates contained in the Active Employment Survey (Spanish acronym: EPA), drafted by the National Institute of Statistics (Spanish acronym: INE), employment fell by 184,600 people in the first quarter of 2014 on the previous quarter, compared with a fall of 309,200 people in the same period of 2013. This is the lowest decline in the first quarter of the year since 2008. 79,600 jobs have been shed in the last year (-0.5%). In turn, unemployment has posted a fall of 2,300 people, while it increased by 257,200 in the same period of 2013. In the last year, unemployment has fallen by 344,900 people, the largest annual fall since mid-2005. The total number of people out of work stands at 5,933,300, an increase in the unemployment rate of two tenths of a point to 25.9%, one percentage point less than a year ago.

ARE YOU REQUIRED TO SUBMIT THE 2013 ANNUAL INCOME TAX?

 

Are you resident in Spain? So then you are only not required to fill up the 2013 Resident Tax if you are the following kind of contributor:

Income tax 2013: Main changes

The annual income tax campaign is starting and you have time to submit your tax form until the end of June. By the moment we want to check some of the main changes for this year.

44 TERRITORIES AGREE THE AUTOMATIC EXCHANGE FOR TAX INFORMATION IN 2017

In a new movement against tax fraud in 2017 it will be adopted for the first time together a specific calendar for the exchange of fiscal and financial information being valid for accounts opened in 2015 on.

Military authorization for Non EU citizens purchasing a house

In Spain there is a  regulation of areas and facilities of interest to National Defense, which develops the Law 8 /1975, and  states that to safeguard the interests of national defense , it is desirable to establish certain limitations restricting access to the property for non European Union citizens, (foreign natural or legal persons like companies)- and also Spanish companies when they attend certain characteristics.

USE OF THE UNEMPLOYMENT BENEFITS TO SET UP YOUR OWN BUSINESS

If you do not find a job, you are perciving unemployment benefit and have an entrepreneurial attitude perhaps you may be interested in knowing that you can use your unemployment benefits to start your own business. You can get in a single payment (“capitalización del desempleo”) all or part of the outstanding amount of perceiving.

The motherhood benefit

Today we will learn with a little detail about the economic benefit of motherhood. It is a benefit  that compensates for the loss of income suffered by workers when they interrupt their work for the period of maternity rest. Is not only limited to motherhood, but also applies to adoption, foster care and guardianship.

March is the deadline to submit the declaration of assets abroad

Last year the government approved the 720 model, an informative declaration about assets abroad. We recall that this model must be submitted by the taxpayers (whether they are individuals, corporations, permanent establishments and joint ownership companies) living in Spain who own properties or assets abroad by at least EUR 50,000 value taken individually (click here to check our previous post about the report of assets abroad))

Jobless claims fall on monthly basis for first time since 2007

The Spanish economy is finally beginning to create jobs, albeit at a very slow pace, the Labor Ministry confirmed on Tuesday. The number of Social Security contributors grew 0.38 percent year-on-year in February, meaning that for the first time since the beginning of the crisis in 2008 there are more workers in the system than there were a year ago; specifically, 61,557 more. Month-to-month growth was 0.24 percent from January.

REDUCED SOCIAL SECURITY COSTS FOR PERMANENT CONTRACTS

On March 1 the government made ​​official the entry into force of the measure announced last week in the debate of the state of the nation with the aim of encouraging the hiring of workers, consisting in reducing the Social Security payments for non-work-related injuries or illnesses (common contingencies), for all companies that make permanent contracts .