national insurance and taxes

[nburnh]

Can anybody tell me what the Spanish Tax is and what you pay for national insurance in Majorca, also, what kind of childbenefits are there.
Thankyou

 

[mallorcaboy]

You will have to register with the social services at an accountant. I used one in Alcudia who was great. If you are under pensionable age, you will have to pay €240 a month for social security cover. This gives you entitlement to National Health treatment and qualification for a pension when you retire. This will cover your whole family. You will also have to register for IVA if you are a self employed trader. Can't remember how much tax was, but it's a bit higher than the UK and all these are paid monthly too. Your accountant will do a quarterly IVA and tax return. This will also cost you.
Sorry can't tell you about child benefit, after paying all the above, I couldn't afford children !!:lol

 

[pollensa]

We've just added a new section to our books page on 'Living & Working' - see puertopollensa.com/Books3.html#misc so you should find the information in one of those. I've chosen the most recent publications but if anyone can recommend any others, do let me know. Thanks.

 

[nburnh]

Thankyou for you replys, all very confusing this relocating stuff, lots of homework to do !! taxes, schooling, which area !, difference in cost of living , learning the langauge, get there in the end hopefully.
:rollin