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Risk Advisory
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Blockchain & Crypto LAB
After the boom of the last few years, the digital asset ecosystem has managed to position itself as one of the sectors of reference and with an exponential growth forecast. At Grant Thornton, we help our clients to explore all aspects of this technology, to create tailored solutions that bring value to the business and address problems and inefficiencies in the business sector.
Royal Decree-Law 1/2025, in effect since January 30, introduces a series of urgent measures in the sociolaboral field, impacting pensions, contributions, ERTEs, and public aid. Additionally, it strengthens protection for businesses and self-employed individuals in La Palma following the eruption of Cumbre Vieja. Below is a summary of the key aspects of the law.
A new maximum limit on public pensions is established from 2025. Additionally, contributory pensions from Social Security and the Civil Servants’ Scheme will be increased by 2.8% this year.
Royal Decree-Law establishes the update of the minimum and maximum contribution bases for 2025. It also strengthens the Intergenerational Equity Mechanism (MEI) with an additional 0.80 percentage point contribution, distributed between the employer and employee.
Exemptions on contributions applicable to Exemptions on contributions applicable to Temporary Employment Regulation Files (ERTEs) and the RED Mechanism will be conditional on maintaining employment for at least six months and up to two years after the measure ends.
Until December 31, 2025, companies receiving public aid will not be able to justify dismissals due to increased energy costs. Furthermore, those that have implemented measures related to the war in Ukraine cannot use these as grounds for dismissal.
Special Measures for La Palma
As part of the support for areas affected by the Cumbre Vieja volcanic eruption, the validity of force majeure ERTEs is extended until June 30, 2025. Companies and self-employed individuals are also given the possibility to defer their Social Security contributions for the period from December 2024 to May 2025 (for companies) and from January to June 2025 (for self-employed). Additionally, the protection for cessation of activity for self-employed workers affected by the disaster is extended and regulated.
These measures aim to reinforce economic stability and social protection, ensuring job maintenance and providing support to the most vulnerable sectors in an uncertain context.
You can find more information in the downloadable PDF available on this page.
