How will the IRPF reduction proposed by the Government affect you?

The Tax Reform proposed by the Government will cut the personal income tax payment to 80% of taxpayers, but in a rather uneven way depending on personal allowances and declared income. According to initial calculations by Hisenda’s secretary, Marta Espasa, “the measure has tried to adapt to the majority of taxpayers, but its impact can vary a lot so that an average figure of reduction in the income statement cannot be given.” Despite this technical prudence, the extension of the deduction sections and the fact that the percentage in the first income section is reduced to all taxpayers has a generalized effect, which has been intended to compensate in the case of higher income. high and medium (1.3 points more in the intermediate sections).

According to those first calculations of the reduction of 1.5 points in the first tranche of rent, all those who charge less than 35,000 euros a year will pay less. They make up around 80% of taxpayers. But the measure has a greater intensity in the sections of those that charge less and that can reach 66.6 euros less per year for incomes of less than 16,935 euros gross per year. In terms of quota, the reduction can reach more than 100 euros for around 12% of the taxpayers with lower incomes, mainly mileuristas, pensioners and small self-employed.

For a single or single taxpayer and without dependent children, the difference in the payment to the Treasury will be a maximum of 104 euros with an income of 20,000 euros, but it becomes about 52 euros in the event that the income rises to 30,000 or to 71 euros in the case of a gross income of 16,000 euros per year.

Related news

In the case of a taxpayer married and with a child older than three years, the savings in the tax return will be somewhat less. About 86 euros for those with a gross income of 20,000 euros, 53 euros with an income of 16,000 euros, and 34 euros with a salary of 30,000 euros.

This technical adjustment implies in some cases a maximum variation of 0.7% of or that corresponds to pay the highest income taxpayers. Specifically, 15% of those with the highest income.

Leave a Comment