The Council of Ministers gives the green light to the bill, which begins its parliamentary journey.
The Council of Ministers has given the green light to send to Congress the bill that will allow the activation of the new publicly promoted employment pension funds. A project in which changes have been made until the last minute to seduce companies.
In fact, as explained by José Luis Escrivá, Minister of Inclusion, Social Security and Migration, in the press conference after the ministerial conclave, numerous incentives have been provided to encourage workers and companies. Specifically, in the second case, it has been decided to reintroduce "non-payment of business contributions to Social Security" so that companies develop collective employment plans for low and medium incomes.
This incentive, as explained by Social Security, existed until 2013. If the Social Security project succeeds, companies will have access to exemptions of up to 115 euros per month per employee (about 1,380 euros per year). This represents, according to the Ministry, a saving of 400 euros per worker.
Income Tax
On the other hand, the bill establishes an improvement in the personal income tax deduction for the self-employed. Specifically, this group will be entitled to a deduction of 5,750 euros per year, "more than triple the current amount."
"Important incentives for the worker" have also been established, who will be able to contribute more than the company does with limits that are established based on the business contribution.
It is worth remembering that, despite these measures, unions and employers have decided not to endorse the legislative initiative that is beginning its path in Congress.
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