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Royal Decree 126/2026

Latest Royal Decree 126/2026 news

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Illustrative image: wooden table viewed from above with a calculator, a pen, and euro banknotes.

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The SMI for 2026 is set at 1,221 euros and the IRPF cuts the expected increase

The SMI for 2026 is set at 1,221 euros gross per month in fourteen payments. A tax advisor calculates that the IRPF absorbs much of each salary increase.

Beatriz Lorenzo Aguirre · 22 October 2026