There has been much talk over the past few years about bringing the Spanish Social Security system in line with the rest of Europe because as I’m sure you’re aware, sole-traders in this country pay a heck of a lot more than most other European countries (currently a minimum of 278,88 euros without taking possible reduced rates or flat-rates into consideration). In any case, the proposal currently on the table and a source of debate is for sole-traders to contribute in accordance to their income.
One of the main expenses a business owner faces each month is their Social Security contribution. As we all know, Spain is renowned for its high rate just for the pleasure of having a business. Now I’m not saying contributions aren’t necessary, after all, this is used to fund sick pay, unemployment and pensions but there should be boundaries.
In previous articles, I have explained how Social Security determines the contribution business owners must pay each month but lets go over it again.
