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Spain Increases Minimum Salary Along with Related Changes in Withholding Exemptions and Income Reductions for Employment Income

|Approved Changes|Spain
Spain

Spain has published Royal Decree 145/2024 in the Official Gazette, which increases the minimum annual salary/wage to EUR 15,876. In connection with this, Royal Decree 142/2024 has been published, which adjusts the withholding exemption on employment income to essentially exempt individuals from withholding if their employment income is at or below the minimum annual salary/wage. This includes…

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