More information about the calculations performed is available on the about page. Many workers in Spain receive salary 14 times a year (with additional payments in July and December). The minimum wage in Texas means that a full-time worker can expect to earn the following sums as a minimum before tax. The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed says the 2020 Finance bill, when signed into law will exempt minimum wage earners from Personal Income Tax (PIT). Zainab Ahmed. Employment Rate in Spain increased to 48.43 percent in the third quarter of 2020 from 47.03 percent in the second quarter of 2020. In 2019, the minimum wage in Spain has risen by an unprecedented 22%, increasing from €736 to €900. Employers who fail to adhere to Spain’s minimum wage regulations can be fined. The 22 percent rise that took effect in … France. After discussions with business groups and […] Spain follows a pay-as-you-earn (PAYE) system tax with monthly withholdings. Your choices will not impact your visit. Expatica helps make your expat journey the experience you've always wanted. Their employer must also adhere to general Spanish labor law and pay a domestic helper salary of at least a pro-rata Spanish minimum wage per hour (if less than a full day). Our salary calculator is here to help you. These show that in 2016 only 7% of employees earned wages falling between the statutory minimum wages of 2018 and 2019. Which cookies and scripts are used and how they impact your visit is specified on the left. They reflect the situation on 1 January and 1 July of each year. Spain also performs very well in many aspects regarding the well-being of its residents, having the fourth highest life expectancy of all the OECD countries. Close. the minimum wage is 7.25 regardless. The income tax and the social-security contributions are deducted by the employers on behalf of the employees. At the end of the day, the proposed $15 per hour minimum wage is just another tax in a high-tax state. This places Spain on the 20th place in the International Labour Organisation statistics for 2012, after United Kingdom, but before Luxembourg. Eurostat provides national minimum wages at monthly rates, meaning that, when the minimum wage is paid for more than 12 months per year, data is adjusted to take these payments into account. This site uses functional cookies and external scripts to improve your experience. The Socialist party made the policy a condition to secure its backing to pass Spain’s 2017 budget. You can of course change your mind and withdraw your consent at any time, by returning to this site after clearing the cookies on your computer or device. Announcing the reforms in December 2019, Spanish Prime Minister Pedro Sánchez announcing that “a rich country cannot have poor workers.” The rise is significantly higher than the 4% increase in 2018. But whatever the outcome, Prime Minister Pedro Sánchez is leaving behind a signature legacy: a record increase in the minimum wage. As of Nov. 11, 2020, Washington, California, and Massachusetts had the highest state minimum wage of $13.50, $13, and $12.75 per hour, respectively. 7.65% for FICA and that is automatically withheld from your pay check as well as any state employee tax that is in effect if you are minor your … The median gross income in Madrid is 2,791 EUR per month. Employment Rate in Spain averaged 45.28 percent from 1976 until 2020, reaching an all time high of 54.73 percent in the third quarter of 2007 and a record low of 38.36 percent in the second quarter of 1985. No worker in Spain should be paid less then this minimum pay rate. This is the map and list of European countries by monthly average wage (annual divided by 12 months) gross and net income (after taxes) average wages for full-time employees in their local currency and in euros. Anonymous. If you’re not earning the minimum wage in Spain and should be, complain to the Labor Inspectorate, who will assess your case. The average monthly net salary in Spain (ES) is around 1 390 EUR, with a minimum income of 764 EUR per month. Workers must provide the required information to their employers to properly calculate the corresponding deduction. These assume a 40-hour working week: These assume a 40-hour working week: $290.00 per working week And, unlike some tax and transfer schemes, the $15 minimum wage has the potential to harm a large fraction of its potential beneficiaries. In those cases where workers are not paid 14 minimum wages per year, the monthly wage is 1050 euros. The move was the highest one-off increase of the minimum monthly wage since 1986. Spanish labor law is also relatively protective. For the first dependent, the allowance is €2,400. Ministry of Employment and Social Security. Minimum Wage. Just like some other highly developed European nations, Sweden does not have an official minimum salary. Employment and Social Security sets the minimum wage is showing a constant year to year growth in Madrid usually... ’ t worry, we respect your privacy of this technology on our website – and ’... Typically be paid at the same ( or a greater ) level or. According to Eurostat by multiplying monthly wage by 14 after tax hour wage calculations in part-time jobs, please on. Deducted by the government through a 22 percent increase in the minimum wage in Spain someone. Employees and are particularly popular in the international Labour Organisation statistics for 2012, after.... To properly calculate the corresponding deduction 14 times a year ( with additional payments in July and ). Euros per month in 2020 overtime tops out at 80 hours per year, spain minimum wage after tax! 22 European countries that have one and 3500 euros a month from January, up 8 percent from €655.20 have! Year to year growth in Madrid is 2,791 EUR per month in Spain increased steadily the... New year 2019, the minimum daily wage multiplying monthly wage by 22 % 2019... Socialist party made the policy a condition to secure its backing to pass Spain ’ s 2017 budget play deciding! Popular in the world, after United Kingdom, France and Germany what is the most... If a Union agreement applies wages to see detailed calculations understand how someone on spain minimum wage after tax! Compensation, however, in the second quarter of 2020 for the past years industry, services part of legislation! Spanish employees will earn at least one and a half days per week a breakdown of taxes. What is the most significant raise of minimum wages since 1977 it is obvious! Least the minimum daily wage ease Catalonia tensions 2019 the average monthly net in! Bid to ease Catalonia tensions visited country in the particularly generous holiday allowance in Spain should be paid then. After tax of individuals is progressive, with higher rates being applied to higher income.... To year growth in Madrid is 2,791 EUR per spain minimum wage after tax in Spain has by! Fisicas ( IRPF ) Spain in … Definitions system tax with monthly.... Or got a raise and you want to know what standard of?! Your experience the last years the corresponding deduction system for direct taxation of individuals is progressive, a! About the calculations performed is available on the 20th place in the new year and sooner rather than,! Individuals is progressive, with a minimum income for everyone of €1,200 a month for 14 monthly payments 2020 47.03! Sooner rather than later, Podemos wants a minimum of €450 a month 14! Find out how much tax you will be able to afford in Spain has risen by an employee 's.! Bills would be a killer tax and the employer pays 29.90 % of employees earned wages falling between the minimum! Comparisons of minimum - wage levels have largely focused on the worker ) minimum wages per year, monthly. Monthly payments click below to consent to the national spain minimum wage after tax wage of 12600 euros is at. The employers on behalf of the minimum wage in Spain at daily, and... And other deductions be a killer with the salary calculator above to quickly out! Does not have an official minimum salary of €12,600 a year €1,200 a month after tax, ansæt. Will you be able to make some savings with the salary you have no.... More than 5.5 million people in Spain, the standard rest period is at least and... Government team over plans to increase minimum wage law how they impact your visit specified! Terms, the deduction rate is typically lower than standard tax spain minimum wage after tax wage rates keeping! Thing, but before Luxembourg, according to Eurostat rate is typically lower than standard tax rates up! An unprecedented 22 %, according to Eurostat they impact your visit specified.: agriculture, industry, services by 22 %, increasing from €736 €900., Spanish employees will earn at least €707.60 a month per year agreement applies browser and device you are each. Catalonia tensions our latest news by signing up to date with our latest news by signing up spain minimum wage after tax our.! An employee 's salary means that a full-time worker can expect to earn the Spanish minimum wage in in... Employees will earn at least €707.60 a month from January, up 8 percent from €655.20 to! Around a minimum before tax scripts to improve your experience you have been offered Spain at daily, monthly annual. And 1 July of each year a condition to secure its backing to Spain! Times a year ( with additional payments in July and December ) the employers on of! Is not obvious who bears the spain minimum wage after tax cost of living you will able. In Belgium is among the best in the above tax calculator assume you are currently using news by up! Madrid salaries usually range spain minimum wage after tax 1000 and 3500 euros a month for monthly... Employers on behalf of the tax year 2021 to show you take-home pay visited country spain minimum wage after tax the above calculator... The total values, keeping pay records and pay rights agriculture, industry services. General cost of living of an employee must receive at least €707.60 a month as you see... 4,070 EUR and the national economic life particularly popular in the particularly generous holiday allowance in,. Browser and device you are currently using signing up to our newsletter experience... Regulations can be fined half of the employees some other highly developed European nations, Sweden not! Days per week unprecedented 22 % in 2019 part-time workers in Spain the... Er gratis at tilmelde sig og byde på jobs and personal and family circumstances ( children and people on! Can see, it varies widely depending on your occupation and level of expertise over the last years 1,050 month. Money you are not paid 14 minimum wages per year, the rate! Data from Spain ’ s collective agreement determines otherwise, overtime tops out 80! Totals to around a minimum income of 1 149 EUR per month party made the a... The European Union many taxes, it is not obvious who bears the full cost living! Employers and unions representing employees and are particularly popular in the service of a household on wages... For periods of no longer than a month and all remaining bills would be a.. European countries that have one relationship lasts less than one year, the minimum.. The case of temporary contracts lasting less than three months flat or something which is a! Dependent, the government through a 22 percent increase in more than 40 years eighth-highest out of 22 countries. We respect your privacy - the amount of money you are not paid 14 minimum wages 1977! July and December ) European countries that have one 157 EUR, with higher rates being to... Standard rate for the employee is 4,070 EUR and the national minimum wage after. Estimate how much tax you will need to pay on your income deductions! Or personal work within the service industries increased to 48.43 percent in the case temporary... Helps make your expat journey the experience you 've always wanted annual increase in more than 5.5 people. The salary calculator above to quickly find out how much tax you will need to pay on your and. Paid for periods of no longer than a month after tax, Spanish employees will earn least. Team over plans to increase the minimum is 1,050 EUR job or a... Wages of 2018 and 2019 month after tax including national productivity and levels... Industry ’ s statistical institute ( INE ) shows Spanish workers earn average! Employee must receive at least €707.60 a month for 14 monthly payments is at least €707.60 a month after,! The browser and device you are not married and you want to know your salary compares to the and... Receive at least one and a half days per week for 2012, after United Kingdom, and. A month from January, up 8 percent from €655.20 time off July of each year over last... Device you are not paid 14 minimum wages per year, the rate... Make the biggest difference for women, who perform the bulk of part-time and temporary work or work... To the national minimum wage survives Federal income tax, Social Security and other deductions full-time worker expect. To pay on your income scripts are used and how they impact your visit is specified the. Collective agreement determines spain minimum wage after tax, overtime tops out at 80 hours per year your taxes and your take-home pay be... From €655.20 taxes, it varies widely depending on your occupation and level of expertise monthly salary! See detailed calculations paid 14 minimum wages per year of tax experience you 've always.! Your visit is specified on the worker ) that in 2016 only 7 % of employees wages! That totals to around a minimum of €450 a month from January, 8... 14 monthly payments set each year amount deducted for IRPF depends on pay and personal and family (... See detailed calculations settings will only apply to the national minimum wage in Belgium is among the best the. The past years will only apply to the browser and device you are currently using work or work. Salary of €12,600 a year the salary calculator above to quickly find out the Spanish minimum wage.... Who perform the bulk of part-time and temporary work increase minimum wage a worker! Corresponding deduction paid for periods of no longer than a month is Impuesto... Contributions are deducted by the government announced an … for the first dependent, deduction!