Payroll in Spain - Zurbano Advisers and Consultants

Salary flexible compesation plan

Zurbano Advisers and Consultants

Is it possible to increase wages without increasing business costs? The answer is yes and we can find the legal explanation in the article 42 of the Law 35/2006 of November 28, of Income Tax of Individuals and Chapter III of Royal Decree 439/2007, of 30 March, amending Council Regulation Tax Income of Individuals.

Our team of compensation and retribution makes a personalised study for every employee with the aim of adapting the salary of the employee to a flexible compensation plan that will help improve their purchasing power without the need to increase business costs.

The idea is so much easy (is really simple, effortless, clear): To know what are the monthly expenses of the employee and substitute the taxable salary with non-taxable salary in kind like: health insurances, public transportation pass, ticket restaurants, childcare expenses, etc