The Spanish government has emphasized its intention to lower the personal income tax for all individuals and in particular for lower income groups. The Spanish government is to raise the tax incentives in respect of savings and investment and will amend the tax system to give more priority to environmental protection.
Spain aims to reduce the rate of corporate tax while maintaining tax relief for small business and the self employed. As regards the value added tax (VAT), rates have been steady since 2012 when they were last increased.
