Economic stimulus plan and support entrepreneur-February 2013 -
25/02/2013
ECONOMIC STIMULUS PLAN AND SUPPORT THE ENTREPRENEUR
The Government announced that it will launch a second generation of reforms. Reforms that are useful, also to re-grow and create jobs.
Specifically, the Council of Ministers approved Royal Decree Law 4/2013, of 22 February, on measures to support entrepreneurs and stimulate growth and job creation in various fields. In addition, soon a Draft Law on Entrepreneurs and other measures necessary for legistativa excecució Economic Stimulus Plan Support and Entrepreneur will be considered.
Tax brackets to business growth
• Application of VAT box for SMEs
A special VAT scheme, which is voluntary, allowing VAT to avoid entering the invoice is copper, replacing the traditional accrual basis (revenues) for the collection and payment of all operations SME is created.
To SMEs and freelancers are not subject to the system of modules with a turnover of less than 2 million, as required by European regulations apply.
Customers and suppliers of SMEs must use the cash basis.
This measure is applicable from January 1, 2014.
They will benefit almost 1,300,000 autonomous and over 1 million SMEs.
• Promotion of economic activity reinvestment of profits
Companies with a turnover of less than EUR 10 million may be deducted up to 10% on the full amount of the profits IS in the tax period reinvested in economic activity.
• Tax incentives for quality growth through business innovation
It allows deductions for R & D which have not been applied in an exercise can be retrieved by a single system returns to Spain.
It will be the only tax tax incentive that is not conditioned on the existence of corporate tax share, but linked to the creation or maintenance of employment.
Tax brackets to entrepreneurship
• Reduced corporate ups and autonomous during the first two years of activity Taxation.
The newly created companies taxed at a reduced rate of 15% during the first two years in which a positive result.
The autonomous initiate economic activities may apply a 20% reduction in the net income obtained during the first two years in which a positive result.
• Channeling resources to entrepreneurship
The individual investor to temporarily participate in new or newly established providing or exclusively financial capital, financial capital or accompanied by their professional or business skills for the development of the activity of the society in which they invest (inverter proximity) will double tax incentive:
a) A 15% deduction on state income tax share in the investment opportunity to enter society with a similar deduction in residence operation.
b) A partial exemption of the capital gain (50%) out of the society, provided it is reinvested in new or other entity ups.
The investment must be temporary, so they have to transfer the shares between the third and the ninth year of ownership of the holding.
• Promotion of self-employment scheme for self
The unemployed who decide to become self eligible for full exemption from income tax on unemployment benefits when the payment of the benefit in the form of lump sum (up to now only exempt up to € 15,500).
Support funding for 45,000 million euros
• Support for bank financing at 32,000 million euros
Lines Mediation ICO, with a budget of 22,000 million euros.
Boosting business strategy for targeting SMEs, EUR 10,000 million sound banks.
• Public Systems of guarantees for bank funding that will mobilize 1,720 million euros.
Strengthening the capital CERSA.
Creating a Line CESCE guarantees for SMEs.
• Promotion of bank disintermediation and venture capital, raising funds for 2,176,000 euros.
Establishment of a fund of funds manager to bid and award investment among private equity managers in areas and sectors related to internationalization and improving competitiveness.
Creation of the National Network of Business Incubators.
Strengthening participatory programs to business loans.
Boosting business angels or angel investments.
Improving access to funds for the implementation of Spanish SMEs abroad.
• Facilitating access to capital markets to mobilize 3,300 million euros
Easing access to alternative stock market.
Creating Alternative Bond Market (Marfa).
Creating Line mediation notes and corporate bonds to facilitate the implementation of Marfa.
• Securitisation Fund loans to SMEs
With a budget of 3,000 million euros to endorse emissions securitization funds loans to SMEs.
• Expansion of Provider Payment Plan
With a budget of € 2,684 million, giving a second chance to preoveedors of Local Authorities and Autonomous Communities and in the Plan, as well as expanding the scope of a new government, specifically allowed to be adhere to local entities Basque country and Navarra in the model of participation in certain State taxes and various local entities in the municipality (associations of municipalities). In any case, the time to past bills to January 1, 2012 remains limited.
Moreover also outstanding payment obligations of administrative concessions, management contracts, agreements, leases of property, contracts related to the water, energy, transport and postal services, certain contracts for public works concession included , certain management contracts and public service contracts, public-private partnerships.
• Measures to combat late payment in commercial transactions
Payment within 30 days for all private transactions, expandable as much at 60 and default interest are increased is established.
In turn, public administrations in their adjustment must establish a way to reduce its debts to suppliers, which will be monitored very closely.
Law on electronic invoicing in public administrations
Encouraging entrepreneurship
• Promotion of culture and entrepreneurship in the different educational levels
Minimum content of different educational levels that promote the development of creativity, teamwork and entrepreneurship.
Measures for teacher training.
• Flat rate of € 50 in the contribution to Social Security
For children under 30 years and to initiate a new autonomous self-employment during the first 6 months.
Later, during the 6 months, they will apply a reduction in the minimum contribution of 50% during the next 18 months, a reduction and a bonus of 30%, which is extended in the case of women to 35 years.
• Compatibility of the unemployment benefit with the start of an activity on their own.
For a maximum of 9 months the perception of unemployment benefits is compatible with high status in the Special Scheme for Self-Employed, for under 30.
• Wider opportunities capitalization of unemployment to start an entrepreneurial activity
Recipients of unemployment benefits under 30 may capitalize up to 100% of your benefit to make a contribution to the capital of a corporation, whenever a professional or employment relationship is established for an indefinite period.
Also the possibility that the capitalization of unemployment benefits can be used to acquire counseling, training and information, and to cover the costs of establishing a new company opens.
• Facilitating the creation of companies
Creating the concept of "limited entrepreneur", whereby individuals may see limited liability for debts arising from your business or profession, not being affected certain assets such as housing or vehicles for family use.
• Facilitation of the second business opportunity
Establishment of an agile, simple and cheap mechanism open to the public, individual entrepreneurs and companies smaller dimension, a wider alternative way to the receivership, which is more flexible and better adapted to the needs of these groups tives that refinancing agreements.
Improved network security self minors 30 years to provide a second chance, allowing resume collecting unemployment benefits after a self-employed if before the fifth year low occurs in the regime of self-.
• Expediting procedures for business creation
Expediting municipal procedures for the exercise of economic reform through the local authority activities.
Launching the portal "Embark on three", which will allow entrepreneurs to process, more simply and easily, municipal formalities necessary for the initiation of economic activities subject to declaration or responsible communication.
employability
• Improving the employability of young people
Development of incentives for young unemployed to obtain the title of Secondary Education, improving their skills and expand their access to the labor market.
Training programs aimed at obtaining certificates of professionalism and commitment to contract will be extended.
• Incentives for hiring minors until the unemployment rate falls below 15%
Reduction Company share in Social Security by 75% for companies with more than 250 workers and 100% for the rest, for hiring part-time training for linkage under 30 without prior work experience, which from sectors where there is demand for employment or unemployed can find more than 12 months ago.
Reduction of 100% share of the company in the Social Security for common contingencies during the first year when hiring indefinitely at less than 30 years standing. Freelancers and companies can benefit up to nine workers.
Contract "first youth employment" temporary 6 months to under 30 unemployed, with incentives for processing in indefinite.
Incentives for training contract first occupation for young people who have completed their training period may have some work experience related to their degree.
• Improved labor intermediation
Impulse with the regions to the public-private agency in the area of public employment services collaboration.
Authorization for temporary agency to enter into contracts for training and learning work, taking advantage of synergies as many ETT already providing training services.
Unique Job Portal to facilitate job search and where all relevant information is accommodated to guide young people and provide them all the tools that facilitate job search or starting a business
• Warranty Law Market Unit
The next passage of the Act will allow any product or service produced under any regional rules can be offered throughout the national territory without additional processing. Operators will need one license may operate autonomous community and throughout the country.
All public administrations share a single electronic database to exercise control and supervision tasks.
The Council for Market Unit General Management and CCAA host to ensure compliance with the standard
A streamlined dispute resolution procedure involving future CNMC is established.
• Measures to reduce and simplify the administrative burdens
Adoption and implementation of the seventh agreement to reduce administrative burdens.
With a time horizon of two years. Enable citizens and businesses to save more than 1,000 million euros in time and indirect costs arising from administrative procedures, which until now had to use in bureaucracy and red tape.
• Profound reform of different strategic economic sectors
energy Sector
railway infrastructure
Transport and logistics
• Rehabilitation, regeneration and urban renewal
The Government announced that it will launch a second generation of reforms. Reforms that are useful, also to re-grow and create jobs.
Specifically, the Council of Ministers approved Royal Decree Law 4/2013, of 22 February, on measures to support entrepreneurs and stimulate growth and job creation in various fields. In addition, soon a Draft Law on Entrepreneurs and other measures necessary for legistativa excecució Economic Stimulus Plan Support and Entrepreneur will be considered.
Tax brackets to business growth
• Application of VAT box for SMEs
A special VAT scheme, which is voluntary, allowing VAT to avoid entering the invoice is copper, replacing the traditional accrual basis (revenues) for the collection and payment of all operations SME is created.
To SMEs and freelancers are not subject to the system of modules with a turnover of less than 2 million, as required by European regulations apply.
Customers and suppliers of SMEs must use the cash basis.
This measure is applicable from January 1, 2014.
They will benefit almost 1,300,000 autonomous and over 1 million SMEs.
• Promotion of economic activity reinvestment of profits
Companies with a turnover of less than EUR 10 million may be deducted up to 10% on the full amount of the profits IS in the tax period reinvested in economic activity.
• Tax incentives for quality growth through business innovation
It allows deductions for R & D which have not been applied in an exercise can be retrieved by a single system returns to Spain.
It will be the only tax tax incentive that is not conditioned on the existence of corporate tax share, but linked to the creation or maintenance of employment.
Tax brackets to entrepreneurship
• Reduced corporate ups and autonomous during the first two years of activity Taxation.
The newly created companies taxed at a reduced rate of 15% during the first two years in which a positive result.
The autonomous initiate economic activities may apply a 20% reduction in the net income obtained during the first two years in which a positive result.
• Channeling resources to entrepreneurship
The individual investor to temporarily participate in new or newly established providing or exclusively financial capital, financial capital or accompanied by their professional or business skills for the development of the activity of the society in which they invest (inverter proximity) will double tax incentive:
a) A 15% deduction on state income tax share in the investment opportunity to enter society with a similar deduction in residence operation.
b) A partial exemption of the capital gain (50%) out of the society, provided it is reinvested in new or other entity ups.
The investment must be temporary, so they have to transfer the shares between the third and the ninth year of ownership of the holding.
• Promotion of self-employment scheme for self
The unemployed who decide to become self eligible for full exemption from income tax on unemployment benefits when the payment of the benefit in the form of lump sum (up to now only exempt up to € 15,500).
Support funding for 45,000 million euros
• Support for bank financing at 32,000 million euros
Lines Mediation ICO, with a budget of 22,000 million euros.
Boosting business strategy for targeting SMEs, EUR 10,000 million sound banks.
• Public Systems of guarantees for bank funding that will mobilize 1,720 million euros.
Strengthening the capital CERSA.
Creating a Line CESCE guarantees for SMEs.
• Promotion of bank disintermediation and venture capital, raising funds for 2,176,000 euros.
Establishment of a fund of funds manager to bid and award investment among private equity managers in areas and sectors related to internationalization and improving competitiveness.
Creation of the National Network of Business Incubators.
Strengthening participatory programs to business loans.
Boosting business angels or angel investments.
Improving access to funds for the implementation of Spanish SMEs abroad.
• Facilitating access to capital markets to mobilize 3,300 million euros
Easing access to alternative stock market.
Creating Alternative Bond Market (Marfa).
Creating Line mediation notes and corporate bonds to facilitate the implementation of Marfa.
• Securitisation Fund loans to SMEs
With a budget of 3,000 million euros to endorse emissions securitization funds loans to SMEs.
• Expansion of Provider Payment Plan
With a budget of € 2,684 million, giving a second chance to preoveedors of Local Authorities and Autonomous Communities and in the Plan, as well as expanding the scope of a new government, specifically allowed to be adhere to local entities Basque country and Navarra in the model of participation in certain State taxes and various local entities in the municipality (associations of municipalities). In any case, the time to past bills to January 1, 2012 remains limited.
Moreover also outstanding payment obligations of administrative concessions, management contracts, agreements, leases of property, contracts related to the water, energy, transport and postal services, certain contracts for public works concession included , certain management contracts and public service contracts, public-private partnerships.
• Measures to combat late payment in commercial transactions
Payment within 30 days for all private transactions, expandable as much at 60 and default interest are increased is established.
In turn, public administrations in their adjustment must establish a way to reduce its debts to suppliers, which will be monitored very closely.
Law on electronic invoicing in public administrations
Encouraging entrepreneurship
• Promotion of culture and entrepreneurship in the different educational levels
Minimum content of different educational levels that promote the development of creativity, teamwork and entrepreneurship.
Measures for teacher training.
• Flat rate of € 50 in the contribution to Social Security
For children under 30 years and to initiate a new autonomous self-employment during the first 6 months.
Later, during the 6 months, they will apply a reduction in the minimum contribution of 50% during the next 18 months, a reduction and a bonus of 30%, which is extended in the case of women to 35 years.
• Compatibility of the unemployment benefit with the start of an activity on their own.
For a maximum of 9 months the perception of unemployment benefits is compatible with high status in the Special Scheme for Self-Employed, for under 30.
• Wider opportunities capitalization of unemployment to start an entrepreneurial activity
Recipients of unemployment benefits under 30 may capitalize up to 100% of your benefit to make a contribution to the capital of a corporation, whenever a professional or employment relationship is established for an indefinite period.
Also the possibility that the capitalization of unemployment benefits can be used to acquire counseling, training and information, and to cover the costs of establishing a new company opens.
• Facilitating the creation of companies
Creating the concept of "limited entrepreneur", whereby individuals may see limited liability for debts arising from your business or profession, not being affected certain assets such as housing or vehicles for family use.
• Facilitation of the second business opportunity
Establishment of an agile, simple and cheap mechanism open to the public, individual entrepreneurs and companies smaller dimension, a wider alternative way to the receivership, which is more flexible and better adapted to the needs of these groups tives that refinancing agreements.
Improved network security self minors 30 years to provide a second chance, allowing resume collecting unemployment benefits after a self-employed if before the fifth year low occurs in the regime of self-.
• Expediting procedures for business creation
Expediting municipal procedures for the exercise of economic reform through the local authority activities.
Launching the portal "Embark on three", which will allow entrepreneurs to process, more simply and easily, municipal formalities necessary for the initiation of economic activities subject to declaration or responsible communication.
employability
• Improving the employability of young people
Development of incentives for young unemployed to obtain the title of Secondary Education, improving their skills and expand their access to the labor market.
Training programs aimed at obtaining certificates of professionalism and commitment to contract will be extended.
• Incentives for hiring minors until the unemployment rate falls below 15%
Reduction Company share in Social Security by 75% for companies with more than 250 workers and 100% for the rest, for hiring part-time training for linkage under 30 without prior work experience, which from sectors where there is demand for employment or unemployed can find more than 12 months ago.
Reduction of 100% share of the company in the Social Security for common contingencies during the first year when hiring indefinitely at less than 30 years standing. Freelancers and companies can benefit up to nine workers.
Contract "first youth employment" temporary 6 months to under 30 unemployed, with incentives for processing in indefinite.
Incentives for training contract first occupation for young people who have completed their training period may have some work experience related to their degree.
• Improved labor intermediation
Impulse with the regions to the public-private agency in the area of public employment services collaboration.
Authorization for temporary agency to enter into contracts for training and learning work, taking advantage of synergies as many ETT already providing training services.
Unique Job Portal to facilitate job search and where all relevant information is accommodated to guide young people and provide them all the tools that facilitate job search or starting a business
• Warranty Law Market Unit
The next passage of the Act will allow any product or service produced under any regional rules can be offered throughout the national territory without additional processing. Operators will need one license may operate autonomous community and throughout the country.
All public administrations share a single electronic database to exercise control and supervision tasks.
The Council for Market Unit General Management and CCAA host to ensure compliance with the standard
A streamlined dispute resolution procedure involving future CNMC is established.
• Measures to reduce and simplify the administrative burdens
Adoption and implementation of the seventh agreement to reduce administrative burdens.
With a time horizon of two years. Enable citizens and businesses to save more than 1,000 million euros in time and indirect costs arising from administrative procedures, which until now had to use in bureaucracy and red tape.
• Profound reform of different strategic economic sectors
energy Sector
railway infrastructure
Transport and logistics
• Rehabilitation, regeneration and urban renewal