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Spaniards allocate 4 out of every 10 euros of their salary to pay taxes

according to the report tax wages 2021Prepared by the Organization for Economic Co-operation and Development (OECD), the Spanish dedicated 4…

By admin , in news , at May 24, 2022

according to the report tax wages 2021Prepared by the Organization for Economic Co-operation and Development (OECD), the Spanish dedicated 4 euros out of 10 From their salary to the payment of taxes and social security contributions. This is because studies show that tax nail of Spain—which measures the purchasing power of a region’s citizens—in 2020 stood at 39,3%,

For its part, the OECD average is located at about five points down of Spain’s result, at 34.6%. In addition, while the tax burden on wages in the OECD was reduced by 0.06 percentage points compared to 2020, Spain saw an increase. 28 basis points,

In particular, personal income tax was weighed 11.3% of salary in Spain, compared to 13% of the OECD average. On the other hand, the share of social contribution paid by companies is 23% and that paid by workers, 4.9%, when average of the members of think tank The number of developed countries was 13.5% and 8.2%, respectively.

Thus, in the ranking, Spain ranked sixteenth among the countries with the highest tax spike in the OECD. led by belgium, where 52.6% of workers’ wages have been withheld. Belgians are the only ones who have to transfer an amount more than their salary to the administration and Social Security Receiving net.

Countries with the highest tax wages

After Belgium, the countries with the largest difference between gross and net wages are GermanyWhere 48.1% is retained, Austria (47.8%), France (47%), Italy (46.5%), Slovenia (43.6%), Hungary (43.2%), Finland (42.7%), Sweden (42.6%), Portugal ( 41.8%), Slovakia (41.3%), Latvia (40.5%) and Luxembourg (40.2%).

In contrast, OECD countries have tax wedges. lower In 2021 they are Colombia (0%), Chile (7%), New Zealand (19.4%), Mexico (19.6%), Switzerland (22.8%), South Korea (23.6%), Israel (24.2%), Australia (27.1%). ), the United States (28.4%) and Costa Rica (29.2%).

“The tax nail went up andn 24 in 38 OECD countries12 and remained unchanged in two,” the organization explained, with Israel (1.02), the United States (1.2) and Finland (1.33) seeing increases of more than one percent.

“In almost all countries where there has been an increase in the tax limit for a single worker, this increase was driven by a high personal income tax», adds the OECD.

Spaniards allocate 4 out of every 10 euros of their salary to pay taxes

2022-05-24 09:29:30