The February payroll will come as a surprise to thousands of taxpayers. And if cobras At less than 35,200 Euros per year (approximately 2,500 Euros per month on 14 payments), you’re in luck. No, they won’t increase your salary, but there are some adjustments to make in personal income tax. have an extra amount in your salary net, which can reach 1,000 euros per year.
This financial innovation, which will affect 80 percent of workers, Income tax deduction for income less than 35,200 Euro per year. In this way, if the fee you will be exempt from paying personal income tax of less than 15,000 euros per yearYou will pay less if the limit was 14,000 Euros before and you do not exceed 21,000 Euros per year. tax offices. on his behalf Those who earn between 21,000 and 35,200 euros per year will have a lower withholding tax. This change will affect a very specific group and does not mean a reduction in the amounts payable, only withholding adjustment.
These are the changes in the IRPF that will affect your payroll.
With this regulation, the Ministry of Finance withholding table Rent 2023 for this year. First, the thresholds at which withholding does not apply are raised – for example, it rises from 15,947 to 17,270 euros for a single person with children – income that usually does not have to pay personal income tax, and on this income they do not have to wait for a return from the Treasury.
Second, the threshold income granting the right to benefit from a limitation, maximum withholding It applies as long as certain personal and family requirements are met, for example in the case of a married taxpayer whose spouse earns less than EUR 1,500.
For example, a taxpayer The annual withholding tax for married people with an income of 22,001 Euros, with two children, is 1,186.57 Euros with the new thresholds, while it is 2,303.22 Euros with the old threshold. Therefore, it is understood that the purpose of this regulatory change is to prevent jumps or significant increases in withholding tax if certain income levels are exceeded.
There is no doubt that tax Personal Income (IRPF) It is a complex concept that depends on many factors such as the taxpayer’s family structure, residence and applicable deductions. This makes it difficult to understand its scope.
But sometimeswithholding taxes can be very low and taxpayers may have to pay the difference to the Treasury on the income statement. It will be available in the first quarter of 2024. This entails a relocation on the date of tax payment.
In any case, taxpayers who wish, ask your employer to apply the withholdings they think are most appropriatebecause they will have to close the gap later.