Tax reforms published in Spain include a number of changes intended to boost employment and growth. The changes announced on 25 February 2014 include an increase in family allowances and the allowances for older people; an exemption from income tax in respect of employees earning less than EUR 12,000; and a flat EUR 100 social security contribution by employers in respect of general risks for employees who are not on fixed term contracts. These would be due where the contract is more than three years in length and the total number of employees has increased, and would be payable during the first two years of the employee’s contract.
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