Spain

Last Update by Federico, 28 Nov 2024

You must log in to be able to download this document

Exchange Rate

01 Dec 2024

 

Cost of Living

Indicative value for a working adult in a city: Madrid

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (EUR)
McDonalds Set Meal 10
Monthly Train and Bus Tickets 52
3 Bedrooms Rental (City Center) 2,313
3 Bedrooms Rental (Outskirt) 1,684

Current Inflation Rate

3.31%

Wage

Minimum Wages

  • 1,134 gross per month in 14 payments

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (EUR)
Entry-Level
Fresh Graduate
 20,500
Mid-Level
5 Years
 37,500
Experienced & Managerial Level
10 Years
 55,600
Specialized & Senior-Level
15 Years
 61,500+

Annual Salary Growth

5%

Statutory Contribution

Country Level

Type Employer Rates Employee Rates Notes
Social Security TGSS (Includes Pension) 24.10%
Contribution base 1,260 EUR - 4,720.50 EUR 		4.82% All staff
Unemployment Fund 5.50% 1.55% All staff
Salary Guarantee Fund 0.20% - All staff
Work Accident Insurance Variable rate of 1.50%-1.65% - All staff
Professional Training 0.60% 0.10% All staff
13 and 14 Salary payments 2 extra salary payments in July & December - All staff
Work from Home Allowance (mandatory) 50 EUR per month - All staff who work from home

Other Benefit

Other common employment benefits in Spain include:

  • Public Transport Tickets: Around 1,500 EUR per year
  • Lunch Vouchers: Around 220 EUR per month
  • Health Insurance Allowance: Around 100 EUR per month

Income Tax

Residents

  • Tax period: 1st of January – 31st December
    Filing start date: 30th June
  • IRFP: Varies from one autonomous region to another

Country Level

Taxable Income Rate
Up to 12,450 19%
12,450- 20,200 24%
20,200- 35,200 30%
35,200- 60,000 37%
60,000- 300,000 45%
+ 300,000 47%

Non-residents

  • IRNR: Income from Spain

Country Level

Taxable Income Rate
Citizens of the European Union / the European Economic Area 19%
The Beckham Law: Special Expatriate Scheme
General flat rate up to 6 years 		24% income up to 600,000 EUR
45% income over 600,000 EUR

Working Hours

Statutory

40 hours
8 hours a day, 5 days a week

Typical practice

40 hours
Monday-Friday

Overtime

Voluntary, except if a collective agreement exists

  • - Must be compensated for in pay or by rest periods over the next 4 months
    - Maximum 80 hours per year

Employment Contract

Permanent

Can be full or part-time stating daily, weekly, monthly, or annual hours as well as the distribution.

Contract Format

Must be written, in Spanish, printed or sent to staff electronically

Payroll Currency

EUR

Probation

2-6 months maximum and can be extended for a maximum of 6 months in total
Non-qualified workers: 2 months

Contract Period

No minimum duration

Termination

In Spain the termination process adheres to the following rules:

  Voluntary Resignation Involuntary Termination Economic Layoff
Notice Period - Probation - No notice required - No notice required - No notice required
Notice Period - Regular - 15 days for all staff - This may differ in collective agreements - 15 days for all staff - This may differ in collective agreements - 15 days for all staff - This may differ in collective agreements
Severance Pay - Objective dismissal: 20 days' salary for each years; service capped at 12 payments - Unjustified Dismissal: 33 days salary (up to 24 months salary) capped at 2 years - Objective dismissal: 20 days' salary for each years; service capped at 12 payments - Unjustified Dismissal: 33 days salary (up to 24 months salary) capped at 2 years - Objective dismissal: 20 days' salary for each years; service capped at 12 payments - Unjustified Dismissal: 33 days salary (up to 24 months salary) capped at 2 years

Public Holiday

10 days - varies across autonomous regions

Country Level

Date Name
01 Jan New Year's Day
06 Jan Epiphany (Three Kings Day)
28 Feb Dia de Andalucia
01 Mar - 02 Mar Balearic Islands Regional Holiday
19 Mar - 20 Mar St Joseph's Day
28 Mar Maundy Thursday (Jueves Santo)
29 Mar Good Friday
01 Apr Easter Monday
01 May Labour Day
24 Jun St John's Day
15 Aug Assumption of Mary
11 Sep National Day of Catalonia
12 Oct Fiesta Nacional de Espana
01 Nov All Saints' Day
06 Dec Constitution Day
08 Dec La Inmaculada Concepcion
25 Dec Christmas Day
26 Dec St Stephen's Day

State/Province Level

Barcelona

Date Name
20 May Whit Monday
01 Nov All Saints' Day

Leave

Leave Type Entitlement Notes
Annual Leave 30 calendar days (22 business days) All staff
Sick Leave Up to 365 calendar days with possible extension of another 180 calendar days All staff
Maternity Leave 16 weeks All expectant mothers
Paternity Leave 16 weeks All expectant fathers
Parental Leave 8 weeks per parent All staff with 1 year service
Carer's Leave 5 working days All staff caring for a seriously ill family member
Marriage Leave 15 calendar days All staff
Bereavement Leave 2 working days All staff for death of a family member
Moving Home Leave 1 working day All staff moving home
Training Leave 20 hours per year All staff with 1 year service for training linked to company's activity

Reference

Ready To Expand in Spain?

Have any questions? We’d love to hear from you

Contact Us