Friday, 09 January 2015 00:00

Negative Taxes?

Regarding fiscal reform to support for families and for economic recovery the final step by the Spanish government is to obtain in advance, as a payment on account, the 3 new deductions from personal income tax. Therefore, this is not a support or a benefit to families or to the economy in a narrow sense, but just an advance of negative taxes. And those who prefer to obtain it in advance, then they will have to compensate their income tax return to avoid “unpleasant surprises”.

Published in News and Publications

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