STORIES

7 March, 2018

Spanish Corporate income tax credits for employment creation

Share This:

Requirements to apply to Spanish Corporate Income Tax credits for employment creation referred to handicapped people, young people under 30 or unemployed recruited for an indefinite term via the contract for support of entrepreneurship.

At this time of year, most companies are engaged in the closing of their fiscal year and the calculation of their annual corporate income tax expense, taking into account the tax measures that are in force to reduce their tax burden. Among the tax credits aimed at the creation of employment, the following deserve special attention: those referred to handicapped persons with a minimum disability of 33% as well as those for young persons under the age of 30 or for unemployed who are recruited for an indefinite term, through the contract for support of entrepreneurship.

You should be aware of the requirements for these tax credits and ensure you review whether your company can enjoy them in the next fiscal year closing.

 

✔ Your company can enjoy a tax credit for each person increasing the average employee workforce of recruited handicapped with respect to the average handicapped employees workforce of the immediately preceding fiscal year.

This tax credit is of 9,000.00 € when the employee has a degree of disability equal to or superior to 33% but lower than 65% and of 12,000.00 €, when the degree of disability is equal to or superior to 65%.

It is not necessary that the contracts are indefinite or full – time. It is necessary, though, that the employee is inscribed at the Registry of handicapped employees, demanding a job, not being applicable to employees becoming disabled.

This tax credit is subject to a joint coefficient of the tax quote, together with the rest of tax credits, and can be applied in the 15 years subsequent to that of generation, when there is a shortfall of the tax quote.

 

✔ Besides, if your company contracts its first employee through an indefinite contract for support of entrepreneurship, who is younger than 30, it will be entitled to deduct from the tax quote the amount of 3,000.00 Euro.

If your company has a workforce lower than 50 employees and recruits unemployed persons who are beneficiary of the unemployment subsidy, under the indefinite contract for support of entrepreneurship, it will be entitled to a tax credit of 50% of the lower of:

  • the unemployment benefit pending to be received by the employee;
  • the amount corresponding to 12 months of the unemployment benefit he was recognised.

This last tax credit is conditional to the increase of the company’s average total workforce and that the recruited employee had received the unemployment benefit during at least three months.

 

All in all, a set of measures which we welcome but which prove to be inadequate for the purposes for which they have been created.

Share This:

CONTACT

MADRID
Pedro Teixeira 8, planta 4ª, 28020
T+34 91 192 21 22

MAP

BARCELONA
General Mitre 28-30 08017.
T+34 93 363 65 10

MAP

Based in Barcelona and Madrid. Englobally is our Latin American business partner established in Santiago de Chile.

We are also part of Englobally Group, an international association of independent accounting and advisory firms that provide a one-stop shop managed solution for accounting, payroll and HR needs, with member firms in over 25 countries and associates working in many others. Many fast growing technology and lifescience businesses find their international services invaluable. Companies in many other sectors are attracted by the close and supportive way Englobally Group works.

Name

E-mail

Message

Please type the code below

captcha

  • Este sitio web utiliza Cookies de terceros y de análisis, para recopilar información con la finalidad de mejorar nuestros servicios, así como para analizar sus hábitos de navegación. Si continúas navegando, supone que aceptas expresamente la instalación de las mismas. Tienes la posibilidad de configurar tu navegador pudiendo, si así lo deseas, impedir que sean instaladas en tu dispositivo, aunque deberás tener en cuenta que dicha acción podrá ocasionar dificultades de navegación de la página web.

  • De conformidad con lo establecido en la normativa vigente en materia de Protección de Datos de Carácter Personal, le informamos que sus datos serán incorporados al sistema de tratamiento titularidad de PROFESSIONAL BOOKKEEPING SERVICES S.L. con CIF B59830638 y domicilio social sito en RONDA DEL GENERAL MITRE 28 08017, BARCELONA, con la finalidad de atender sus consultas. En cumplimiento con la normativa vigente, PROFESSIONAL BOOKKEEPING SERVICES S.L. le informa que sus datos serán conservados durante el plazo estrictamente necesario para cumplir con las acciones mencionadas con anterioridad.

    Salvo comunicación contraria por su parte, entenderemos que sus datos no han sido modificados, que usted se compromete a notificarnos cualquier variación respecto de los mismos, y que usted da su expreso consentimiento para que PROFESSIONAL BOOKKEEPING SERVICES, S.L. utilice los mencionados datos para las finalidades mencionadas.

    PROFESSIONAL BOOKKEEPING SERVICES S.L. le informa que procederá a tratar los datos de manera lícita, leal, transparente, adecuada, pertinente, limitada, exacta y actualizada. Es por ello que PROFESSIONAL BOOKKEEPING SERVICES S.L. se compromete a adoptar todas las medidas razonables para que estos datos se supriman o rectifiquen sin dilación cuando sean inexactos.

    De acuerdo con los derechos que le confiere la normativa vigente en materia de protección de datos podrá ejercer los derechos de acceso, rectificación, limitación de tratamiento, supresión, portabilidad y oposición al tratamiento de sus datos de carácter personal, así como del consentimiento prestado para el tratamiento de los mismos, dirigiendo su petición a la dirección postal indicada más arriba o al correo electrónico info@pbs.es.

    Podrá dirigirse a la Autoridad de Control competente para presentarla reclamación que considere oportuna.

    El envío de estos datos, implica la expresa aceptación de esta cláusula.

  • Pursuant to current Personal Data Protection Regulations, you are hereby informed that your data will be included in a processing system owned by PROFESSIONAL BOOKKEEPING SERVICES S.L. with Tax ID No. B59830638, with its registered address at RONDA DEL GENERAL MITRE 28, 08017 BARCELONA (SPAIN), in order to deal with your questions and requests. In compliance with current regulations, PROFESSIONAL BOOKKEEPING SERVICES S.L. hereby informs you that your data will be kept for as long as is strictly necessary to complete the aforementioned action.

     

    Unless otherwise stated, we will consider that your data have not been modified, that you undertake to inform us of any modifications thereto, and that you give your express consent for PROFESSIONAL BOOKKEEPING SERVICES, S.L. to use said data for the specified purposes.

     

    PROFESSIONAL BOOKKEEPING SERVICES S.L. informs you that it will proceed to process your data in a lawful, loyal, suitable, relevant, limited, exact and updated manner. Therefore, PROFESSIONAL BOOKKEEPING SERVICES S.L. undertakes to apply all reasonable measures to ensure that any incorrect data are deleted or corrected without delay.

     

    According to the rights granted to you under current data protection regulations, you will be entitled to exercise your rights of access, rectification, limitation on processing, suppression, portability or opposition regarding the processing of your personal data and your consent to the same, by addressing a written request to the postal address provided above or to the email address info@pbs.es.

    By sending these data, you are expressly accepting this clause.