The Nomad Today

Economy & Business

TAXES

Spain lowers VAT on menstrual hygiene products, condoms from 10% to 4%

The Nomad Today 9/29/22

The measure has been agreed within the fiscal package negotiated by the partners of the government coalition and will be included in the 2023 state budget

Economy & Business

TAXES

Spain to cut income tax for workers who earn up to € 21,000

The Nomad Today 9/29/22

In addition, the coalition government (PSOE-Podemos) chaired by Prime Minister Pedro Sanchez will create a new so-called "solidarity tax" for the richest

Economy & Business

CONSUMER PRICES

September inflation in Spain moderates and falls to 9%

The Nomad Today 9/29/22

 This is mainly due to the year-on-year drop in electricity prices, which rose in September 2021

Economy & Business

TAXATION

Spain central government, annoyed by Valencian Community tax cuts

The Nomad Today 9/28/22

In Galicia, the regional government of PP (right) also announced on Tuesday a new reduction in personal income tax (IRPF) on income of up to 35,000 euros per year.

Work

PENSIONS

The average retirement pension in Spain: 1,257 euros per month

The Nomad Today 9/27/22

Public spending on pensions in Spain stands at 11.8% of gross domestic product (GDP)

Economy & Business

ECONOMY - GDP

Spanish GDP grew 1.5% in the second quarter of 2022

The Nomad Today 9/27/22

In year-on-year terms, the economy recorded a GDP growth of 6.8%, five tenths higher than previously estimated

Spain

TAXATION

Sanchez wants that "those who have the most, contribute the most"

The Nomad Today 9/26/22

The Spanish prime minister highlighted the upwards revision of GDP to 1.5% as a clear sign of the strength of the Spanish economy

Economy & Business

TAXATION

Spain to impose a temporary tax on the rich in 2023

The Nomad Today 9/26/22

Work

WORK IN SPAIN

Spanish Social Security recorded 41,440 more foreign workers in August

The Nomad Today 9/26/22

The number of Ukrainian workers has been growing steadily since the beginning of the Russian invasion

Economy & Business

ECONOMY

Spanish exports grew 24.2% so far in 2022 but trade deficit remains

The Nomad Today 9/25/22

Imports saw a new record high, rising by 40.2% to 261.485 billion euros

Tourism

TOURISM

Spain received 9 million international air passengers in August

The Nomad Today 9/25/22

This is 87% of arrivals in the same month of 2019, before the pandemic

Spain

ENERGY CRISIS

Spanish Prime Minister meets group of investors in New York

The Nomad Today 9/24/22

Pedro Sánchez expressed his confidence in the strength of the Spanish economy