FREQUENTLY ASKED QUESTIONS

Everything you need to know about tax and accounting in the Canary Islands

FREQUENTLY ASKED QUESTIONS

Everything you need to know about tax and accounting in the Canary Islands

How much does it cost to employ workers in my business in the Canary Islands?

This varies depending on the type of industry you’re in as the basic wage for some activities is higher than for others.

You’ll pay social security for your employees which is about 38/38% of the gross salary, and you’ll also retain tax on your employee’s behalf, which varies depending on the amount you pay them.

We advise setting up a consultation so we can look at your specific industry and the number of hours you plan on offering your employees so we can calculate the costs for you.

Still stuck?