government Botanical It is close to signing a definitive agreement on reform that will emphasize tax progressiveness among taxpayers in the Valencian Community. The tax package finalized by Consell, Reduction in personal income tax for income up to 60,000 eurosAs Generalitat chief Ximo Puig announced three weeks ago. As of this announcement, Executive, Compomís and their partners at Unides Podem have requested: Increasing the tax burden on high incomes and high net worth to compensate for the loss of income. Well, a priori, there is already consensus to make changes to three specific figures. If profiling of the figures is not complete, an initial agreement has been reached for the taxation of taxes. Income tax for high salariesChange Wealth Tax and Property Transfer Tax.
Talks between the three parties that are part of the Regional Executive have matured so much in the last few hours that they are expected to arrive this Friday. close one last deal. This was confirmed by Consell’s vice president, Aitana Mas, in a speech after Consell’s plenary session this Friday in Orihuela. In fact, the Generalitat’s number two emphasized that his intention was to give, in line with what Puig announced during the control session in Parliament this Thursday. green light for changes during plenary session Consell gathered for this Monday has an extraordinary character.
A roadmap that will include a review of the Wealth Tax is being worked on to include a substantial increase in the case if the negotiating teams do not finish closing the pending borders. property of more than one million euros. Currently, the minimum exemption amount is EUR 500,000 excluding habitual residence. When it comes to Property Transfers, increase from current 10% to 11% for residential transactions of more than one million Euros. All without finishing adjusting the numbers, but according to sources from the Housing Department, to be precise, Puig-led PSPV accepts offers partners to introduce upward changes to these three taxes was what had been agreed until noon this Friday. With these changes, the reduction in income will be compensated for the lower collection between rents up to 60,000 Euros. 150 million €.
The tax reform promoted by Botànic is part of a global agreement that will also agree to reduce tax pressure on middle and low incomes, as well as increase in taxes on high and large incomes. . However, the approval of these measures will be formalized through two procedures. tax cuts, a decree law justified by the urgency of measures to help the population overcome the effects of epidemics. rising inflation and the energy crisis It stems from the consequences of Russia’s invasion of Ukraine. It will have retroactive effects from 1 January 2022. This decree will also include a series of proposals put on the table by the Department of Housing and Bioclimatic Architecture. Hector Illueca (Combines Podem). Resources in this section detail what to include discounts on rent and housing purchases for young peopleas well as bonuses for the rehabilitation of real estate to facilitate access to housing resources.
The second part of the reform, which includes the gradual increase in taxes, is expected to be finalized this Monday, although it will not take effect until 2023. Sources from the Generalitat emphasize that there is jurisprudence showing that retroactive taxes allow for taxes. will be raised. Although the possibility of incorporating these changes into the Budget Incentive Law was initially noted, Ministry of Finance sources indicate that these changes will likely need to be made in the Law itself. Budget law for next year. In any case, some accounts that must be approved by Consell before 1 November to be submitted to the Valencian Parliament.