2021: year of economic recovery and new taxes

2021 will mean tax increases and the prices of some public services. In a context of low interest rates, high private savings rates and moderate consumption, the General State Budgets for 2021 introduce fiscal changes to support the year of recovery after the covid. It is basically a dozen taxes that will come into force, change rates or reduce tax breaks. In the background of this strategy on the part of the Government is the fact of avoiding that the invoice of the aids of the covid rises more than the anticipated thing without drowning the necessary economic recovery.

GAS RATES
Natural gas last resort (TUR) tariffs, which can be used by domestic users, will begin in 2021 with an average rise of 5.97% due to the rise in cost in international markets, of 21 , 7%.

RECEIPT OF LIGHT
From 1 April, the new receipt structure will enter into force, which introduces time discrimination and involves a revision and simplification of rates. For the second half of the year, the costs associated with renewables, cogeneration and waste will no longer be part of the electricity bill. It is promised that the domestic bill will drop by 13% in five years.

POST
The stamp for sending letters and postcards (standard and weighing up to 20 grams) to national destinations will rise by 7.7%, and will cost 0.70 euros from 1 January 2021, five cents more than before. The rise will be greater for distant destinations (up 22.6%). Shipping national packages will also cost 5% more.

MOBILE RATES
Telecommunications operators will raise their prices, in line with what has already been announced by Movistar. Improved service, 5G and slightly higher rates is the trend in exchange for more services.

TOLLS
State toll roads will be reduced by an average of 0.11% in 2021. Some are expected to be free for the expiration of concessions. From 31 August 2021, the AP-7 between Tarragona and La Jonquera, and the AP-2 that connects Aragón with Catalonia will no longer be paid. The C-32 in the Maresme and the C-33 that connects Barcelona with the Circuit de Montmeló will also be free. The AP-7 will be free from Alicante to France. There will also be free stretches in Murcia and Andalusia.

MINIMUM SALARY
The minimum wage is in the spotlight. Its amount has been extended for this 2021 to 950 euros gross in 14 monthly installments. The Government considers that if the pensions or salaries of civil servants rise, the logic would be to increase the SMI, but the percentage is still under discussion.

MORE EXPENSIVE CARS
50% of cars will cost 5% more for tightening environmental controls. Insurance will also go up. 0.9% increase for civil servants and pensioners. Some 12 million public employees and pensioners will see their salaries increase by 0.9% in 2021. They will be another 3 billion euros for the treasury among all administrations.

FISCAL PRESSURE ON HIGH INCOME
The personal income tax rate will increase by two points for income of more than 300,000 euros, from 45% to 47%, and three points in the case of capital income that exceeds 200,000 euros, up to 26%. The measure will affect about 32,000 people, 0.17% of taxpayers. It will also raise the wealth tax for the rich.

PENSION PLANS
The maximum contribution with the right to deduct personal income tax is limited to 2,000 euros, compared to the current 8,000 euros. It increases from 8,000 to 10,000 that of business plans.

TAXES TOBIN I GOOGLE
The first provides for the collection of 0.2% in share purchase transactions issued in Spain. The rate for large digital signatures will be 3% of revenue from online advertising and data sales.

SELF-EMPLOYED
The social security contributions of the self-employed will rise between 3 and 12 euros from January, depending on the basis on which they contribute, in accordance with the Royal Decree-Law of 28 December 2018, which provided for an increase in contribution rates for occupational contingencies and cessation of activity in 2019, 2020 and 2021. Thus, an increase in the type of contribution is established from 0.8% in 2020 to 0.9% in 2021 in the case of cessation of activity and 1.1% to 1.3% for professional contingencies. Although the 2020 change should have taken effect at the start of the year, it wasn’t until October of this year when the hike was implemented. In fact, for most of this year, the self-employed were paid 30% of their contribution base, instead of the amount corresponding to 30.3%. Thus, the self-employed fee will be, in the case of contributing for the minimum of 289 euros, and 1,245.4 euros if the self-employed worker contributes for the maximum.

RETIREMENT AGE
Spaniards who want to retire from 2021 onwards with 100% of their pension must be at least 66 years old, under the 2013 pension reform, which gradually raised the retirement age from 65 to 67 years, in a total horizon of 15 years. These 66 years will be the age required for those who prove less than 37 years and three months of contributions (this year 65 years and ten full months are required to be able to retire with less than 37 years of contributions).

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