Tax, labor and organization measures for 1999

Automatic summary, not yet reviewed

1. The law adjusts several taxes: it changes how shares in collective investment funds are valued under the Wealth Tax and allows the reductions to be applied when collecting life insurance proceeds under the Inheritance and Gift Tax.
2. It expands the VAT exemption to sports services provided by non-profit entities, such as sports federations or private social sports entities.
3. It reforms local taxes: it sets new vehicle tax rates, adjusts the limits of the tax on construction and works, and regulates in more detail the tax on the increase in value of land.
4. It allows the General Treasury of Social Security to take precautionary measures, such as preventive seizures, to secure the collection of Social Security debts.
5. It expands the cases in which a survivor's pension and benefits for family members can be claimed, even when the deceased was not registered as active, if they had contributed for at least fifteen years.
6. It classifies sexual harassment at work, within the scope of the employer's management powers, as an offense, and adds new offenses in workplace risk prevention and in temporary work agencies.
7. It sets up a stable employment promotion program for 1999: rebates on the employer's Social Security contribution for permanent contracts with young people, long-term unemployed and people over 45.
8. It sets a maximum 12% discount on the retail price of textbooks and teaching materials, as a permanent measure.

Who it affects

• Companies and self-employed workers: Changes to the Corporate Income Taxincome tax The personal income tax (IRPF in Spain): what people pay on what they earn from work, business or savings., VAT and local taxes, plus new duties to submit Social Security data electronically.
• Workers and job seekers: New rebates for permanent contracts, broader survivor's pensions, and new workplace offenses and penalties.
• Municipalities and local entities: New rules on their taxes, borrowing and share of State tax revenue.
• People with disabilities: Promotion of self-employment through a lump-sum unemployment payment and vehicle tax exemptions.
• Families with school-age children: A maximum 12% discount on textbooks and teaching materials.

Words worth knowing

Medidas cautelares

Precautionary measures, such as a preventive seizure, to make sure a debt can be collected.

Cuota empresarial a la Seguridad Social

The part of Social Security contributions paid by the employer for each worker.

Impuesto sobre el incremento de valor de los terrenos

A municipal tax on the increase in value of land when it is sold or inherited.

Estimación objetiva

A simplified personal income tax scheme under which self-employed people and small businesses calculate income using set modules.

income tax

The personal income tax (IRPF in Spain): what people pay on what they earn from work, business or savings.

It summarizes the law as published in the BOE. It is written by artificial intelligence and may contain mistakes: the official text is what counts. Read the official text · How we make summaries