Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

New Year Taxes : Up's and Down's

Mon 2th Jan 2012
New Year Taxes : Up's and Down's

The new year marks the advent of new income tax increase and sees pensions increase by just 1%, however, there is to be a freeze on the price of electricity, gas and telephone line rental.

The young persons first home benefit of 210 Euros is to be withdrawn, which is to aid those between the ages of 22 and 30 to purchase their first home. Furthermore, the tax reduction on a first home will be reintroduced.

Whilst IVA is not set to increase, income taxes are set to increase - with incomes from saving in particular being hit quite hard : those having savings of 6'000 Euros of more being taxed at the rate of 2% - with a rate of 4% on savings between 6 - 24'000 Euros, rising to 6% for higher amounts.

Prices for mains gas will increase, whislt bottled gas will remain at 15.09 Euros, with landline standing charges being held at 13.97 Euros.

Toll fees on motorways will increase by up to 3.2%, equally so railway tickets are set to increase (however, the exact number rate is yet to be made known).

The percentage charged on land registry values for IBI, or asset tax, will rise, and the cost of postage stamps will increase by 2.86%.

The salaries of civil servants have also been frozen.

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs