Social security contributions
The employer part of contributions to the National Institute of Social Security (INSESO for its Spanish acronym) is 21.5%. The employee part is 4.5%.
The employer part of contributions to the Work Protection Fund (WPF) is 1%. The employee part is 0.5%.
Value-added tax (VAT)
VAT is an indirect tax on consumption based on turnover.
The standard VAT rate is 15%.
A rate of 0% is applicable to a specific list of products and equipment provided in the Tax Code (e.g. certain medical products, some equipment for construction).
A reduced rate of 6% is applicable to a limited list of basic consumables and books.
See the Other taxes section in the Corporate summary for more information.