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Newsletter No. 31 - September 2012

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Details Newsletter No. 31 - September 2012

  • The Government has a committed Accounts 2013 deficit target, basis for economic growth and employment

    The Minister of Finance and Public Administration, Cristobal Montoro, presented at the Congress of Deputies Draft State Budget for 2013, a stark accounts that delve into the healing process of the Spanish economy, while reinforcing the image of Spain as a country that meets its commitments to Europe.

    State Budget for 2013, the latter prepared by the Government in the same year, Spain will also contribute to meeting the commitments to fiscal consolidation. Aim to follow in the path of deficit reduction, while reflected the effort of the state to ensure sustainable financing of Social Security, completing the separation process of funding sources.

    Specifically, this measure represents an increase of allocations for Social Security for 2013 of 6662.14 million. It also must deal with an increase in interest payments amounting to EUR 9.741 million, and the funding system of territorial governments worth 35.314 million euros.

    effort to contain public spending in 2013 will have more weight on fiscal consolidation that increased revenue. The setting is 58% of the spending reduction and 42% for increasing revenue.

    Despite this important effort of fiscal consolidation remains a priority the Government all the items comprising social spending, which together comes to represent 63.6% of total consolidated expenditure.

    Ministerial spending falls 8.9%

    Excluding these items, government spending is reduced by 7.3% compared to 2012, to a total of 80.317 million euros, excluding a set of needs inescapability as spending Passive Class pensions and transfers to the European Union and a number of obligations and contributions to the Public Employment Service in 2013 amounted to 10.341 million euros, stop spending strictly to the various ministries of 39.722 million euros, 8.9% less than a year earlier.

    Budgets for 2013 contain a commitment to reduce the deficit of the public administrations set to 4.5% of GDP, compared to 6.3% forecast for the end of 2012. The Central Administration and Social Security will reduce its deficit to 3.8% and the autonomous regions shall be responsible to fix its deficit at 0.7%, while local corporations will close 2013 with zero deficit.

    projected budget debt of central governments of GDP by 2013 at 70.2% compared to 66.1% in 2012, while the ratio for the whole of government reach 90.5 % of GDP, compared with 85.3% for closure this year.

    The remarkable increase in debt in 2012 and, to a lesser extent in 2013 is the result of both increased borrowing needs resulting from the economic crisis and the effects on public on the occasion of the Fund for Financing Payments to suppliers and the share allocated to Spain on the loan to Greece, Portugal and Ireland and the loan for the recapitalization of the Spanish financial system.

    Pensions are revalued on 1%

    Pension expenditure increased 4.9% from 2012 to a total of 121.557 million euros, including an increase of 1% of all pensions. State contributions to the financing of non-contributory benefits totaled 6.662 million euros.

    Personnel costs are reduced active state by 3.9% to 15.615 million euros as a result of the freezing of salaries of public employees and restricting public job, except sensitive sectors such as personal hospitals, school teachers, security, fraud prevention and fire fighting, they will have a restocking fee of 10%. Researchers and promoting internationalization also have a restocking fee of 10%.

    Ensures that public workers will have two extra payments in 2013.

    starting priority for economic development that does not undergo change compared to 2012 is the civilian R & D, which maintains a budget of 5.563 million euros.

    By 2013, re-cut subsidies to trade unions, political parties and organizations, which fell by 20%.

    Other expenditure policy priorities that will contribute to fiscal consolidation will state public safety and Prisons, which fell by 5.4% to 7.903 million euros and Justice to be cut by 4.3% to 1,543 million euros. Provisions for those most representative scholarships both university and non-university, along with compensation at universities, totaled 1,163 million euros, 23 million euros more than in 2012, representing an increase of 2.4%.

    Infrastructure lending decreased by 934 million euros, up 13.5%. It has a policy of saving in capital transfers to public enterprises. In the case of RTVE, is reduced by 15% the contribution of the state, representing 50 million. Overall between 2012 and 2013, about RTVE, has led to savings in the State contribution of 254 million euros.


    Total noninterest income for 2013 after the cession territorial governments to reach 124.044 million euros, representing an increase of 4% compared to 2012 budget.

    Tax revenues before the assignment with territorial governments will reach 174.099 million euros, 3.8% more than in the 2012 budget. The personal income tax revenues will grow by 1.5% to 74.215 million euros, while that generated by the corporation tax will be reduced by 2.8% to 19.012 million euros.

    VAT revenue will increase by 14.6% as a result of the measures implemented by the Government, reaching 54.657 million euros, while revenue will rise Excise 8.3% to 19,956 million.

    Tax benefits

    Chapter 2013 tax profits amounted to 38.986 million euros, 2.3% more than expected this year. Stresses the fall of deductions on income tax (16.6%), influenced by the economic and tax changes operated by the Government to raise the effective rate paid by companies. Tax deductions for Excise also fall by 23.6%.

    This is offset by a 8.3% increase in tax benefits in income tax (16,365,000), especially for greater amount of reductions on earned income (16%) and exemptions from severance pay (35%). For items of expenditure, tax benefits include boosting employment that take one-fifth (19.5%) of the total of 38.986 million euros.

    Tax measures

    Bill annexed to the State Budget 2013 includes new tax measures to consolidate public finances and boost economic activity. These measures are in addition to those already approved during the current year, focusing on income tax and VAT.

    Within this new package, the Government will allow companies in 2013 restatement of the last balance sheet approved by them. To bring the book values ??to the evolution of inflation. The update will be voluntary, will be extended as both natural and legal persons shall be subject to a tax charge of 5% of the upgrade. Cover of tangible assets and leases.

    Accounting of revaluations will take specific account of revaluation reserve. Subsequently, this amount may be allocated to the reduction of accounting losses, to increase capital or unrestricted reserves. Therefore, the measure will also enhance domestic financing of businesses to improve their access to capital markets and debt. The amortization of the new updated value will be produced from January 2015.

    Moreover, and temporarily in 2013 and 2014, the Treasury will limit the tax deductibility of depreciation of tangible fixed assets by large companies. It will be 70% of the maximum provided in tables. The measure will have effect in 2013 through installment payments. SMEs are excluded, which may be amortized normally.

    Loss compensation

    The bill also alters the tax regime applicable to capital gains realized in the short term, in order to curb speculation. This will be incorporated into the general tax base of income tax gains arising from the sale of assets that would have been a year or less in the taxpayer's assets. These will be taxed at the general rate, ie the taxpayer's tax rate rather than the rate of taxation of savings that are now framed. Finance will partially offset the losses to be obtained in the short term. VAT

    VAT, are relaxed the requirements to recover the tax paid in the Treasury but not charged to the customer, in term operations. Moreover, clarifying doubts related to provider payment mechanisms.

    Moreover, the Treasury set a 20% tax on winnings from lotteries and betting organized by the State Society State Lotteries and autonomous regions, and draws organized by the Red Cross and ONCE. Apply for the awards to be held from January 1, 2013. Exempts that have a value less than 2,500 euros. It also fixes a hold or deposit matching the amount of the special charge, operating as withholding tax.

    Game "on line"

    Within the game too, Hacienda allow losses to be deducted from the amount of gambling revenue obtained in the same tax period. This is a measure to assimilate the rules to other countries, especially with regard to the game "on line". On the other hand, in relation to wealth tax, extending to January 1, 2014 on capital taxation of individuals. The autonomous communities have the power to establish this tax rebates.

    Real estate, is suppressed investment deduction residence for acquisitions made from January 1, 2013. It maintains the deduction for acquisitions prior to 2013.

    Cadastre and rates

    The rule streamlines the work of the Real Estate Cadastre allowing abbreviated processing procedure cadastral survey. It gives greater flexibility to change management through the State Budget.

    Addition, municipalities may choose to tax through the Property Tax (IBI) artistic heritage that affect economic activities. On taxation also, State Budget Update incorporate a 1% rate of the State Treasury, in general.

    Regional financing

    Regarding territorial funding model (autonomous regions and municipalities), the State Budget of 2013 reflected an increase of 0.47% resources over the previous year, from 100.194 million euros in 2012 to 100,665 million.

    For local authorities, there is an increase of 7.13%, equivalent to 1060.3 million. As for the regions, it is expected a slight decline of 0.7% to 84.732 million, supported, in any case, in order to ensure the provision of basic services (education and health).

    Social Security

    Social Security budget for 2013 addresses to fulfill the 2013-2015 budgetary stability objectives and financial no spending limit state for next year. In this context, the objective is the expected budget balance in the body. The main priorities of the Social Security budget persevere austerity and efficiency without sacrificing spending increase pensions by 1%.

    The consolidated non-interest income of Social Security amounted to 125,681.96 million euros, representing an increase of 4.8% compared to 2012. Social security contributions, the main source of funding, totaling 105,863.21 million euros, 82.6% of the total budget. In 2013, revenues from contributions of employees and workers employed increased by 1.6%.

    In fiscal 2013, Social Security will state contributions totaling 15,553.79 million euros, representing an increase of 6662.14 million compared to 2012, a 74.9% more. Highlights the contribution intended to cover allowances for minimum pensions, which grows in interannual terms 107.4%, representing a volume of 4088.98 million. This contribution can complement one year in advance, the so-called state funding to minimum. Another contribution that increases the State contributions to Social Security's funding obligations for prior periods of non-contributory pensions, family allowances and carers shares, which totaled 2309.42 million. These figures confirm the commitment of the State to ensure the sustainability of the Social Security system.

    Addition, for the care of dependent, the State transferred 2205.76 million, of which 1,087.18 million related to the minimum funding guaranteed by the state and 1,034 million shares to the carers.

    Regarding non-financial consolidated budget expenditures for 2013, this amounted to 125,799.43 million euros, representing an increase of 5% over the previous year.

    Heading higher corresponds to contributory pensions totaling 106,350.1 million. Meanwhile, the temporary disability benefit amounts to 5830.59 million, 0.5% more than in 2012, moderate growth reveals the effectiveness of cost containment measures in this game.

    EU Relations

    In 2013, the Spanish contribution to the general budget of the European Union and development cooperation amounted to 11,900.6 million euros, an increase of 1.1% over the amount provided in 2012.

    Source: DatadiarBack Top

  • The Government sends to Congress balance the integration of the former regime's Home in the GeneralThe Government sends to Congress balance the integration of the former regime's Home in the General

    The Ministry of Employment and Social Security has provided the Toledo Pact Commission report containing the balance of the integration of domestic workers in the new Special Scheme for Domestic Workers General Regime of Social Security.

    Government fulfills the commitment made to the Toledo Pact, natural framework for dialogue on Social Security, to submit a report assessing the impact of the integration process, once the transition period adopted last June.

    As stated in the text presented, there has been an increase in the number of domestic employees affiliated to the social security system is not yet reflected in the collection. The loss to be incurred is estimated at around 63 million euros a year. Furthermore, the report notes the decline in the contribution base, because a large number of contracts for domestic workers has a small number of hours. This means that the monthly average basis is lower by 30% to the base effect last year.

    Current status

    Balance data for domestic workers to August 31 breaks down to 220,932 domestic workers who have gone extinct since the new regime of the General Special System on schedule; 74,524 employees contained in the old high Regime and not coming in high in the new system, and 158,035 new members.

    Balance therefore stands at about 80,000 new registrations, a discrete outcome if one considers that the domestic sector employs about 600,000 people according to data from the Labour Force Survey (LFS).

    Legality should be the only way for Domestic Workers and, in this sense, and following numerous complaints received and the evaluation of the report sent by the Government reiterates the commitment of Social Security to explore alternatives facilitate and simplify both employers and workers the necessary procedures to register in the system.

    This objective drives Social Security to promote the changes needed to improve the treatment of domestic sector a fair legal framework applicable to all and to respect the principle of contributory system.

    Source: AuthorsBack Top

  • Changes or updates to the contribution base for self-employed before November 1stChanges or updates to the contribution base for self-employed before November 1st

    Two dates should be taken into consideration, until October 1 to choose must consider contingency coverage professionals, or until 1 November if we wish to update the contribution base

    Be informed that during the month of OCTOBER (before November 1), have the opportunity to modify the contribution base of Special Scheme for Self and tax payable.

    This modification will effects from 1 January 2013.

    Enclose, by way of example, comparative scale with some options (amounts in force in 2012) :

    Scale comparative amounts in force in 2012

    * 29.90% = 29.80% + 0.1% (for self-employed without protection for eventualities arising from accidents, occupational diseases and cessation of activity).

    Also remind you that the Treasury of the SS may increase annually and automatically, their contribution base in the same percentage as the increase each year the maximum contribution bases in this Special Scheme, on request before November 1.

    Also inform eligible for coverage of professional contingencies (accidents at work and occupational diseases) and protection for stoppage of work before 1 October (until September 30).

    Are interested in modifying the price or fee basis (in order to increase the basis of calculation of retirement or temporary disability downward), and / or opt for the above coverages, please let us do so know in advance as possible.

    Source: AuthorsBack Top

  • Labor Party official calendar of the Madrid 2013Labor Party official calendar of the Madrid 2013

    On September 24 has been published in the list of parties BOCAM working force for the area of ??the Community of Madrid in 2013


    Madrid - BOCM 24/09/2012 - Decree 104/2012

    Calendar Labor Party

    In addition, related parties of the 12 will be held in each municipality two local festivals.

    Source: AuthorsBack Top

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