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Minimum wage to rise and labour reform scrapped and rebuilt
08 June 2018 @ 22:33

SPAIN'S minimum wage could be about to go up within the next week, to €1,000 a month over 14 monthly payments, based upon a double wage slip at Christmas and in August.

This would mean an annual salary of €14,000 – a monthly gross pay of €1,166.67, or €1,004.50 after tax, a few céntimos less for temporary workers, based upon the current tax-free threshold of €12,000.

This is based upon a full-time, 40-hour-a-week job, and responds to one of the longest-running claims by unions – although likely to be hit by opposition from companies.

The outgoing PP government's idea was to increase the minimum wage from its current €739 over 14 months, or €858.55 over 12 months, to €14,000 a year by 2020.

But new president Pedro Sánchez's government wants to do so straight away, and the change could come about even before the planned nationwide protests over low wages on Saturday, June 16.

Read more at thinkSPAIN.com

 



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jeffsears said:
09 June 2018 @ 09:06

Where do you get a tax free allowance of €12000 from. Accordinding to the Agencia it is €5700.

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