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Spain To Review Tax System For Families

Source: Tax News - Mon 27th Jan 2014
Spain To Review Tax System For Families

Spain's Finance Minister Cristóbal Montoro has announced that the Government will review family tax reliefs ahead of the next tax reform.

In a meeting, Mr Montoro has reiterated the Government's commitment to helping Spanish families and promoting equality of opportunities. Accordingly, the Finance Minister acknowledged that Spain's family taxation should be modernized.

This meeting highlighted a growing need to ensure all family members are treated fairly by the tax system. In addition, Mr Montoro was urged to introduce more incentives to file jointly. This could involve, for instance, taxing family units as a single taxpayer.

The Government's objective is to factor in the evolution of Spanish society, including most notably gender equality. Ultimately, the reform would seek to encourage women's participation in the labor market, further foster gender equality, and help achieve a better work-life balance for mothers.

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