Today, the start of the 2023 income campaign marks the moment when Spanish taxpayers begin to fulfill their Personal Income Tax obligations for the 2022 fiscal year and file the 2022 income statement.
Citizens whose income exceeded certain thresholds in 2022 are required to submit the income statement draft. The Tax Office has made it accessible to taxpayers since March, and a web revenue simulator is available to help individuals review the previous year’s financial data and roughly estimate whether the statement will result in a payment or a refund.
The amount of money in Bizum that will make you the center of attention of the Treasury
It is important to remember that taxpayers can verify their annual income through: the IRPF withholding certificate. This certificate can be obtained from the employer in cases of supplementary unemployment benefits, from the State Employment Agency (SEPE), and from the SGK in the case of a supplementary pension. Some of this income can be evaluated as follows: deductible expenses depending on whether they are salaried, self-employed, or retired.
News from the 2023 Income campaign
Among the most relevant updates for the 2023 income statement is the introduction of an income limit exempt from filing the personal income tax return. Finance Minister María Jesús Montero announced these changes earlier this year. In 2023, those earning less than 15,000 euros per year with two or more payers will not be required to present Form 145. For the already submitted 2022 declaration, a preliminary limit was set at 14,000 euros per year.
To declare or not to declare? Benefits that should not be included in the 2022-2023 Income Statement
It was also established that there is an obligation to file a declaration if income of more than 22,000 euros per year is obtained from a single payer.
Regarding pension plan contributions, the government has implemented changes that favor corporate plans over private plans. Annual contributions to private plans have been reduced from 2,000 euros to 1,500 euros per year. Corporate plans, on the other hand, increase the allowed contributions from 8,000 euros to 8,500 euros, including self-employed workers.
Likewise, the reduction in working performance was increased from 18,000 euros to 21,000 euros. This means that workers with an annual salary below 21,000 euros may still have to file, unless they have additional income and depending on applicable withholdings.
Important dates of the 2023 Income Statement: here is the calendar
The 2022/2023 income statement calendar sets deadlines for submitting a draft of the previous year’s yields. The campaign runs from 11 April to 30 June 2023. Important dates for different filing methods are:
- From April 11 to June 30: online submission.
- From 5 May to 30 June: submission by phone.
- From 1 to 30 June: in-person submission.