Check out our latest car hire deals
Does anyone know whether Resident Card holders, who have been paying into
the system, will receive or be excluded from this 400€ rebate?
Cheers.
Typically Spanish -
Spain Business
Spanish Government to inject ten billion Euro into the economy
larger | smaller
By h.b. - Apr 14, 2008 - 7:18 AM
Part of the spend refers to the promised 400 Euro income tax rebate for workers, pensioners and the self-employed, and was announced by Economy Minister, Pedro Solbes, at the World Bank.
The Government has announced that the cabinet will approve a cash injection into the Spanish economy of 10 billion €. It will be the first job of the new cabinet, and the package has been put together by the Minister for the Economy, Pedro Solbes.
Part of the plan is the election promise to give a 400 € income tax rebate to all workers, pensioners and the self-employed, who pay income tax. The first half of that payment, a 200 € credit for the first half of the year, will be added to workers wage statements in their July wages. That will cost the Government some 6 billion of the total spend.
The rest of the funding will go on the financing of small and medium businesses which will also see VAT refunds speeded up, and there will be more backing for those who want to buy protección official assisted housing. Families who are having difficulty meeting their mortgage payments will also be able to extend their policies at no extra cost.
Pedro Solbes gave the 10 billion € figure at a meeting of the World Bank over the weekend, and said it was possible thanks to the reduction in the Spanish public debt over recent years.
The Prime Minister, José Luis Rodríguez Zapatero, has meanwhile also promised a package of measures to help the construction industry, with public works being brought forward and a program for the rehabilitation of old buildings.
Still to be finalised however is the Prime Minister’s first meeting of the new legislature with the leader of the Partido Popular opposition, Mariano Rajoy. Both sides have talked about agreeing pacts on policy in many areas, including the fight against terrorism and the reform of the judiciary.
mobile | 
email this article | 
printer friendly page
del.icio.us |
digg | 
technorati | 
yahoo | 
Stumble It!
Facebook | 
Reddit | 
Newsvine | 
Meneame | 
Wikio
Blink | 
Google | 
Fresqui | 
MSN reporters | 
Live Spaces
My Space | 
Fark | 
Mixx | 
Twitter
Readers' comments:
Spanish Government to inject ten billion Euro into the economy
larger | smaller
By h.b. - Apr 14, 2008 - 7:18 AM
Pedro Solbes, Spanish Minister for the Economy - Photo EFE
The Government has announced that the cabinet will approve a cash injection into the Spanish economy of 10 billion €. It will be the first job of the new cabinet, and the package has been put together by the Minister for the Economy, Pedro Solbes.
Part of the plan is the election promise to give a 400 € income tax rebate to all workers, pensioners and the self-employed, who pay income tax. The first half of that payment, a 200 € credit for the first half of the year, will be added to workers wage statements in their July wages. That will cost the Government some 6 billion of the total spend.
The rest of the funding will go on the financing of small and medium businesses which will also see VAT refunds speeded up, and there will be more backing for those who want to buy protección official assisted housing. Families who are having difficulty meeting their mortgage payments will also be able to extend their policies at no extra cost.
Pedro Solbes gave the 10 billion € figure at a meeting of the World Bank over the weekend, and said it was possible thanks to the reduction in the Spanish public debt over recent years.
The Prime Minister, José Luis Rodríguez Zapatero, has meanwhile also promised a package of measures to help the construction industry, with public works being brought forward and a program for the rehabilitation of old buildings.
Still to be finalised however is the Prime Minister’s first meeting of the new legislature with the leader of the Partido Popular opposition, Mariano Rajoy. Both sides have talked about agreeing pacts on policy in many areas, including the fight against terrorism and the reform of the judiciary.
mobile | email this article | printer friendly page
del.icio.us |
digg | technorati | yahoo | Stumble It! Facebook | Reddit | Newsvine | Meneame | Wikio Blink | Google | Fresqui | MSN reporters | Live Spaces My Space | Fark | Mixx | Twitter
Readers' comments:
Louisa
14 Apr 2008, 08:31
14 Apr 2008, 08:31
Er_Guiri
14 Apr 2008, 12:55
14 Apr 2008, 12:55
Louisa: Residents will also recieve, as long as they pay income tax in
Spain. If they don't i'm gonna make merry Hell!
But it won't work, because at first it's only going to be 200 EUR off of your Social Security on your Nomina: something that your boss is likely to keep! It's not a tax rebate so's to speak. Allow me to explain: Your pay-slip (nomina) includes NET wages and GROSS wages: NET you recieve, GROSS includes what the government gets; most bosses tend to pay you one amount, and declare another. So if you have agreed on 900 EUR per month, you'll still get 900 EUR per month, but your boss will pay 200 EUR less to the Socila Security. So, who get's the best deal?
But it won't work, because at first it's only going to be 200 EUR off of your Social Security on your Nomina: something that your boss is likely to keep! It's not a tax rebate so's to speak. Allow me to explain: Your pay-slip (nomina) includes NET wages and GROSS wages: NET you recieve, GROSS includes what the government gets; most bosses tend to pay you one amount, and declare another. So if you have agreed on 900 EUR per month, you'll still get 900 EUR per month, but your boss will pay 200 EUR less to the Socila Security. So, who get's the best deal?
editor
14 Apr 2008, 13:05
14 Apr 2008, 13:05
Er_Guiri - You are, I think, mistaken on this. The 200 € goes to the
worker not to the employer. The employer will be breaking the law if he
does not pay it with the July nomina.
Please keep to the subject. Opinions published here are of our visitors, not the Typically Spanish team. Comments which go against Spanish laws or which are libellous are not allowed. We reserve the right to delete any comment we wish.
Por favor, céntrate en el tema. Son las opiniones de los internautas, y no las de Typically Spanish. No está permitido verter comentarios contrarios a las leyes españolas o injuriantes. Reservado el derecho a eliminar los comentarios que consideremos fuera de tema.
Por favor, céntrate en el tema. Son las opiniones de los internautas, y no las de Typically Spanish. No está permitido verter comentarios contrarios a las leyes españolas o injuriantes. Reservado el derecho a eliminar los comentarios que consideremos fuera de tema.
