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