The President's Party of Totana, Bartholomew Penalver, has said the Entrepreneurs Support Act will benefit 99% of Spanish companies and more than 3 million Self, and that new businesses can be created in 24 hours: are centralized all procedures and to create companies with a capital of less than $ 3,000.
Penalver has stressed fiscal support to entrepreneurship so that companies can pay tax on a corporate tax cut and a 20% in income tax exemption even when unemployment benefit capitalize.
The most important thing that benefits both companies is finally not pay VAT until they have collected the bills and this measure will take effect in January 2014 for companies with a turnover of less than 2,000,000 euros.
PP president commented that establishing the concept of "limited liability Entrepreneur" with what employers will not lose your home in case of a failed business, and are encouraged that some of the profits are reinvested in the business: companies with a turnover of less than 10 million may be deducted up to 10% of the profits reinvested in economic activity.
The PP estimates this Act Support to entrepreneurs is the key standard for economic recovery and job creation.
It includes the "second chance" to allow employers to debts not exceeding € 5,000,000 extrajudicial attend a negotiation instead of the bankruptcy, which is very beneficial to the employer.
