Elche consultancy GESEM regained its health after the covid virus. Legislative News DayA meeting with business people that serves to address issues related to developments in employment, tax, or legal matters. The annual event was held at the Hotel Huerto del Cura in Elche on this occasion and served to share and discuss what happened. 2023 expectations. as well as about uncertainties They explained from the consultancy the problems that emerged with the combination of inflation and slowdown, the enactment of the new bankruptcy law and the start of the year, which was marked by the refinancing or restructuring processes, the tools of the commercial and financial sphere.
“The first half of 2023 will not be a year of growth and good news, but neither will crises and sectoral bankruptcies.” Laura Vicente, managing partner of GESEM, guessed. And as announced this morning, the latest Active Population Survey (EPA) Valencia Community head of job creation in the country Being the private sector and especially the service segment, Who will the growth revolve around?.
Raw material cost increases
“Spain, the autonomous community and the province of Alicante have a structural problem in the labor market and there will be loss of employment” And “The increase in raw material and wage costs will cause margins to decrease” Therefore, trying not to reduce business competitiveness and “A defense of our community’s business fabric and especially advocating a liberal economic model in which our city and economic activity are the levers of sustainable growth” added. In this sense, Laura Vicente also stated that they do not believe that such a thing exists. slowdown of the economy but it will require a lot of effort for companies.
project finance
On the other hand, regarding innovations in project finance, Entrepreneurs Law It includes new formal requirements that will restrict the ability to obtain financing through subsidies. Asunción Marcos, Audit partner at GESEM, summed it up as “there will be a lot of public funding”. very different originsbut very laborious and hardened, more and more demanding and very conditioned”.
Laura Vicente, managing partner of GESEM, said, “The first half of 2023 will not be a year of growth and good news, but neither will sectoral crises and bankruptcies.”
new system free quote also played the lead role. “Since January 2023, self-employed or self-employed are starting their journey to contribute to SSI based on their real income, this is an important innovation that has been announced for years and seems like it will never come, but now this is a very important innovation here.” Study partner Conchi Martínez commented on the main developments, how they will affect participating companies and businessmen, and especially everything related to quotas and new contributions.
new regulations
Labor law attorney Melania Alarcón also spoke about the new regulations affecting workers. remote workbecause Spain is at the head of the European Union in issuing work permits for so-called “digital nomads”. “Teleworkers who come to Spain both for their own account and by someone else, employment relationship with their companies, financial solvency or health insurance special for obtaining relevant visas”.
“Since January, self-employed or self-employed people begin their journey to contribute to Social Security based on their actual income, a significant innovation that was announced years ago and never came,” says Concha Martínez.
GESEM’s partners in the field of tax, Pepe Gómez and Manuel Gabaldón Major tax innovations for 2023, both at the state level and at the regional level. “There have been no significant changes, but there are new developments such as increases in personal income tax.” “The legislator tends to reduce the differential taxation between income from business and income from savings. the latter increased by more than 15% in less than 10 years”.
There are also changes in the Corporate Tax that make it impossible for business groups to compensate for their losses. Changes to regional taxes such as Inheritance or Legacy or the well-known “Beckham Act”, or exile regime.
“The legislator tends to reduce the differential taxation between earned income and savings income, the latter increasing by more than 15% in less than 10 years,” said Pepe Gómez and Manuel Gavaldón.
Solidarity Tax
Another tax worrying the industry in this financial area was also pointed out: Solidarity tax Great Luck and its relationship with Wealth Tax. “We have analyzed the new national tax and its impact on people residing in the Community of Valencia who are already paying Wealth Tax and we will have to ask ourselves if this is really so. solidarity tax or great wealth tax ” Explains Manuel Gabaldón.
Finally, sEconome has also made an overall analysis of the system’s functioning. Special tax for non-reusable plastic containers It came into effect in January.