[#SpainEconomy]() [#MinimumWage]() [#SMI]() #SpanishTax #FinanceNews # Spain raises minimum wage to 1,286 euros 6 November 2026 at 10:46 > The Spanish government has announced a 5.3% minimum wage increase while planning tax adjustments to keep low earners exempt from income tax. The Spanish government has announced a 5.3% increase in the **minimum wage** (SMI) to 1,286 euros gross per month across 14 payments. Finance Minister **Arcadi España** confirmed that those earning the minimum wage will remain exempt from personal income tax in 2027. To maintain this exemption, tax advisors at **REAF-CGE** estimate the current 591-euro deduction must rise by over 70% to 1,006 euros. Experts suggest the income threshold for this relief should also increase from 20,048 euros to 22,982 euros to protect earners. Without these adjustments, up to 69% of the wage rise could be lost to tax. Expanding the deduction for 2.5 million recipients will cost roughly 1,040 million euros. CGE President **Miguel Ángel Vázquez** has proposed an automatic adjustment mechanism for future. **Spain** ## Related news [#Spain]() [#MinimumWage]() [#SMI]() #LabourMarket [#Economy]() 4 November 2026 at 15:58 ## [Spain's minimum wage set for 4.9% rise in 2027]() > A Ministry of Labour expert group proposes raising the monthly minimum wage to 1,281 euros to maintain worker purchasing power in Spain. [#SpainEconomy]() #EmploymentData [#SocialSecurity]() #JobMarket [#Spain]() 4 November 2026 at 10:41 ## [Spain hits record 22.6m social security members]() > October saw a record monthly increase of 186,612 contributors despite a rise in unemployment to 2.4 million, according to latest data. [#SpainEconomy]() #LaborMarket #SickLeave #Aecoc #Absenteeism 31 October 2026 at 10:43 ## [Sick leave costs Spain €92 billion annually]() > Spanish sick leave costs now exceed education spending as temporary disability absences surge by 73% since 2018, according to Aecoc. [#SpainEconomy]() [#GDPGrowth]() [#INE]() [#SpanishEconomy]() #EconomicData 30 October 2026 at 11:24 ## [Spain's GDP grew by 0.6% in the third quarter]() > National Accounts data shows Spain's economy expanded by 0.6% in Q3 2026, driven by domestic demand and a 2.7% year-on-year growth rate. [#SpainEconomy]() [#Inflation]() #CPI [#CostOfLiving]() [#INE]() 30 October 2026 at 08:45 ## [Spanish inflation hits 4.9% in October 2026]() > Spain's annual inflation rate reached its highest level since 2023 as rising energy costs offset falling fuel and food price pressures. #TaxInspectors #ToledoCongress #PublicServices #TaxAgency [#SpainEconomy]() 29 October 2026 at 15:55 ## [Tax Inspectors Congress opens in Toledo]() > The Association of Tax Inspectors warns of deteriorating public services as their annual congress begins under a cloud of mourning. #Repsol [#FuelPrices]() #Waylet [#SpainEconomy]() [#EnergyCrisis]() 27 October 2026 at 17:31 ## [Repsol extends fuel discounts until 30 November]() > Repsol prolongs fuel price reductions for private and professional customers in Spain following a 15% rise in costs and energy shortages. [#SpainEconomy]() #Unemployment [#INE]() #LaborMarket #SpanishJobs 27 October 2026 at 09:42 ## [Spain's unemployment rate rises to 10.18%]() > Spain's jobless rate reached 10.18% in Q3 2026 despite total employment hitting 22.85 million, according to latest INE survey data. [#Spain]() [#MinimumWage]() [#SMI]() #TaxReform [#SpanishEconomy]() 26 October 2026 at 18:09 ## [Spain plans new minimum wage increase]() > The Spanish Government aims to raise the minimum wage by up to 5% while introducing tax deductions to protect workers' net income. #DanielFuentes [#SpainEconomy]() [#HousingCrisis]() #GenerationalGap #SpanishHistory 25 October 2026 at 18:56 ## [Daniel Fuentes releases new essay on Spain]() > Professor Daniel Fuentes examines Spain's generational economic shifts and housing crisis in his latest book, 'Nadie elige cuándo nace'.