The global tax bill of typical households in Spain ranges between 31% and 35% of their income, according to the analysis carried out by the General Council of Economists of Spain-REAF. The work accounts for all the taxes that affect families, from personal income tax or VAT to fuel taxes or VAT.
The president of the General Council of Economists, Valentín Pich, has given the example that a family made up of a couple with two children with a monthly income of 3,639.75 euros would pay 1,153.42 euros in taxes, which means 31.69 % of your aforementioned monthly income.
The report analyzes the taxes that are generally imposed on typical households in Spain, from direct taxes, such as personal income tax, to indirect taxes, such as VAT or special taxes, related to household consumption, or others such as that are applied to the labor factor (social contributions). The Council of Economists adds that not only state taxes are examined, but also those managed by municipalities (IBI, garbage tax, tax on insurance premiums…).
In his speech, Pich stated that “continuous regulatory and fiscal changes normally generate high uncertainty among taxpayers; Likewise, the different information they receive and the continuous noise that is produced about taxes, instead of providing greater transparency to the necessary and useful debate, seem to achieve the opposite effect.” The economist added that “with this study we have tried to carry out a first approximation to what we have called the complete tax bill that an average Spanish household faces, with which we have attempted to show a general photo of the tax burden that a typical household supports.
