Overview
- Labour’s expert panel recommends a 3.1% increase to €1,221 if the SMI remains IRPF‑exempt, or 4.7% to €1,240 if it is taxed, to keep the floor near 60% of average pay.
- Formal social dialogue has begun with positions far apart, as CEOE and Cepyme propose a 1.5% rise and unions CCOO and UGT demand 7.5%.
- Economy and Treasury filed a dissent to Labour’s calculations, while Economy minister Carlos Cuerpo called the two options equivalent for purchasing power and said the decision should come before year‑end or as soon as possible.
- Hacienda is preparing a repeat of last year’s targeted IRPF deduction so SMI earners do not lose take‑home pay and the 60% net benchmark is maintained.
- Labour has opened a consultation to limit employers’ absorption of wage supplements when the SMI rises, a move business groups say they could challenge in court.