In #Spain, the start of 2025 has brought a wave of tax increases:
- Electricity VAT jumped from 10% to 21%.
- Higher self-employment contributions.
- Increased income tax rates on savings.
- New taxes on profits earned abroad.
- Introduction of a new waste management tax.
- Higher Social Security contributions for both employers and employees.
- Removal of deductions for energy-efficient home improvements.
- VAT on eggs, milk, legumes, fruit, vegetables, and olive oil increased from 2% to 4%.
It seems governments love keeping people poor 💩
