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Working in Gibraltar - Living in Spain (Again!)

Working in Gibraltar - Living in Spain (Again!)

Old May 16th 2006, 3:06 am
  #16  
Rob in Madrid
 
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Default Re: Working in Gibraltar - Living in Spain (Again!)

Originally Posted by BritBull
Yes:

Child allowance

First child - 1,400 euro
Second child - 1,500 euro
Third child - 2,200 euro
Fourth child - 2,300 euro
Does a non working husband count?

I redid the math, not quite so bleak thanks to Johnny English from toytownmunich.com

OK the updated rates are slightly worse but you are still doing the maths wrong:

http://www.strongabogados.com/taxes.php#PersonalTaxes

Should be by my calculations:

4,000 @ 15% 600
9,800 @ 24% 2352
12,000 @ 28% 3360
19,200 @ 37% 7104
30,000 @ 45% 13,500

Total tax to pay is €26,916

So take home is €48,084 but I guess probably might be some married allowances you can add
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Old May 16th 2006, 6:39 am
  #17  
Rob in Madrid
 
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Default Re: Working in Gibraltar - Living in Spain (Again!)

social taxes are a further 7% so that means take home is 3500 vs 4300 in Germany and you will get some of that back at the end of the year.

Biggest diference to Germany is there are loads of under the table work to be had.
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