Pimec

Latest Pimec news

3 articles

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Taxation

Treasury Takes Half of Salary Increases Due to Lack of Income Tax Update

A Pimec report reveals that for every €100 salary increase, €44 to €52 goes to the Treasury due to the lack of income tax updates.

Álvaro Sáez Ferrer · 24 July 2026

Illustrative image: a tax document and a pen on a wooden table illuminated by a desk lamp at night.

Taxation

The failure to update income tax reduces salaries by 647 euros for those earning 18,000 euros annually

A salary of 18,000 euros loses 647 euros net per year due to the lack of income tax deflation, according to Pimec. Spain leads Europe in 'fiscal drag' impact.

Álvaro Sáez Ferrer · 23 Jul 2026

Illustrative image: close-up of a calculator with disordered euro bills, representing salary cost calculations

SMEs & Freelancers

Companies pay up to 210 euros for a worker to earn 100 net more, according to Pimec

Pimec reports that cold progressivity of IRPF costs companies up to 210 euros for a worker to earn 100 euros net more.

Marta Uriarte Elizondo · 23 Jul 2026