Legal tip 995. Self Employed NEW support in Spain
Sunday, July 28, 2013 @ 1:59 PM
New amendments adopted last Thursday, the 25th of July, on Entrepreneurs Act. A very important one: expansion of Social Secirity ‘flat rate’ (50€) for all new entrepreneurs irrespectively of age.
New Social Security fees reduction for self-employed disabled people and higher deductions when hiring them.
10% Company tax reductions if benefits are reinvested on the company also for companies with business volume over 10 million Euros.
Cooperatives and Work Societies are included as Special in the Company Tax regime andTechnology Innovation is supported with I+D (Investment and development) benefits.
Individual people lending money to new created companies will enjoy a 20% reduction on IRPF (Annual Income taxes) with a minimum of 50.000€ so private capitals are directed to new companies.
New measures have also been taken on Sport Clubs and Entities.
Tarifa and its beach "Los Lances", Tarifa, Cadiz, Southwestern Spain