The Government of the Spain intends to reduce individual income taxation (IRPF) for those on lower incomes over the next three years, while higher-income taxpayers will continue to pay more, disclosed by the Spanish finance Minister.
This is the future Spanish tax reform where the government’s main purpose will also be to reduce the country’s fiscal gap. For this reason, it would be it would be necessary to correct the shortcomings of the tax system, particularly in the insufficient amount of taxes collected. The value-added tax is to remain fundamentally unchanged next year and in 2015.
