In Spain, financial education is still very scarce, despite the latest advances. This also includes taxation, which is a very important branch of the economy. From TaxDown, the leading online application for filing income tax returns in Spain, they have set to work to promote tax education, especially among the youngest.
The reality is that tax training is still a pending subject in Spain. There are certain basic aspects that should be considered in Spanish schools and institutes because taxation is very important in adult life.
Few people know tax concepts and there are thousands of citizens who, when managing problems related to taxation, go to agencies paying high prices.
How many people make their first income tax return without hardly knowing what this means? It is time to change this and the solution is to do it from the beginning.
Taxation is one more branch of the economy and as you know, at Economipedia we are convinced that promoting financial education is essential from school. In order to prepare future generations in an aspect that is very useful for adult life. Good financial knowledge can improve people’s quality of life.
After several studies by the National Securities Market Commission (CNMV), it is estimated that 46% of the Spanish population has a low or very low level of financial knowledge. Which suggests that the problem comes from below.
What is TaxDown?
TaxDown is a Spanish company that has changed the online tax advisory sector in Spain. This company enters the market by making available to taxpayers a digital service that allows us to make the income declaration, in a simple way, guaranteeing us the best result and the application of all tax deductions that correspond to us as taxpayers.
What is your idea and how do you carry it out?
From TaxDown, they are organizing talks with their tax experts to deal with these issues, it is an innovative idea, which should penetrate our society, apart from, of course, useful.
The idea is to organize talks in schools and institutes with experts to be able to deal with this great forgotten topic, which we would all like to understand and very few know. For example, which taxes are the most important? How do they work? What are their characteristics?
Just a few days ago they were at the Brains International School, with their 1st year high school students teaching a ‘masterclass‘Training on the importance of taxes, especially the Personal Income Tax (IRPF). The idea is to encourage the children and make them see that this problem can stop being it if one becomes familiar with it from the beginning.
Another of the main points is, of course, the great protagonist of our days, technology. It is important to know that there are useful tools that help us make the job much easier and we must make the population see that the complex world of taxes can be greatly simplified thanks to new technologies.
“From TaxDown we are aware that taxation is an area little known to Spaniards, but one of the most necessary to function in our day-to-day life. The sooner we begin to familiarize ourselves with the processes, the better we can apply ourselves when necessary ”, says Enrique García, CEO and co-founder of TaxDown.
TaxDown allows you to simulate your income tax return for free, allowing you to check how much money you could save by filing the return with TaxDown. If you finally decide to make the declaration with TaxDown it has a cost of 35 euros.
However, if you access through the following link, thanks to the agreement between Economipedia and TaxDown, the cost of filing the income statement with them is only 25 euros (the simulation is always free). The link to access is the following: