The 2023-2024 Income Tax campaign is approaching quickly. With April arriving, the window opens for submitting this process. The campaign starts on April 3 and runs until July 1, 2024, with the online filing deadline on June 26.
Any individual who earned more than 22,000 euros in the prior 12 months from a single employer must register for this campaign and complete the draft return. This requirement ensures those with higher income from a sole payer are prepared to file accurately and on time.
This year a notable change from the tax authority is the obligation to issue refunds ranging roughly from 400 to 900 euros for taxpayers whose income fell between 22,000 and 35,200 euros in the prior year. The exact refund amount will vary based on the taxpayer’s overall situation and qualifying factors.
The change to the tax rules traces back to the year 2022 when the Ministry of Finance amended the Personal Income Tax Regulations to approve a relief that reduces withholding on this tax. That reform laid the groundwork for how refunds and withholdings are calculated today and influences decisions for many households as they prepare their returns.
The new exemption threshold for filing the Personal Income Tax will be 15,000 euros for two earners, which means if total income stays below that figure, there is no personal income tax to pay. However, this is not the only provision affecting filings this year.
This tax year also includes deductions for purchasing electric vehicles. Eligible individuals who bought such vehicles after June 30, 2023, can take advantage of this credit. These deductions are designed to encourage cleaner transportation and reduce overall tax liability for eligible buyers.
In addition, deductions are available for home rehabilitation and energy efficiency improvements. A broader framework for cryptocurrency scrutiny is also introduced, with closer monitoring and reporting requirements.
Overall, these measures reflect ongoing efforts to adjust tax policy in response to changed incomes, new consumption patterns, and environmental goals. Taxpayers should review their situation carefully to determine which changes may affect their liability, potential refunds, or eligibility for credits. The campaign process includes careful preparation, clear documentation, and timely filing to maximize any applicable deductions and avoid penalties.
Taxpayers are encouraged to consult the official guidance or seek professional advice to navigate the specifics of their personal circumstances. Preparing early can help ensure that all eligible credits are captured, that thresholds are respected, and that the filing aligns with current law and administrative rules.
For many, understanding how the new rules apply to family income, multiple sources of earnings, or investment income will determine the best approach to declare and receive any refunds to which they are entitled. Staying informed about the latest changes makes the filing experience smoother and helps taxpayers minimize unnecessary delays or questions from the tax office.