Generalitat chief Ximo Puig announced that the regional government will ratify an agreement. 100 euro tax deduction For mortgages of certain incomes to help combat the effects of inflation.
This was stated by the head of Consel in his speech at the meeting. general Policy Discussion, As part of the “public response to inflation”.
Help will help Individual income up to 30.000 Euro and for joint taxation of 47,000 Euros.
Another of the measures announced by the Valencia president is that Generalitat’s metro, tram and bus public transport will be mobilized. Free for all youth under 30 until the end of the year. This is something that will save 135 Euros per teenager. There are one and a half million Valencians under the age of 30.
tax reform
Generalitat will also approve a tax reform that will benefit low- and middle-income earners. up to 60.000 Euro. It rotates around three axes. The first is to increase the tax-free amount by 10% for all citizens. Second, a new autonomous personal income tax rate for this year, with new divisions adapted to the current situation. Finally, all tax deductions and discounts are increased by 10%. According to the Consell president, more people will be able to benefit from all the cuts.
The effects of this reform will be retroactive from 1 January this year and will apply to 2022 income. 25,000 to 30,000 Euros Income that can benefit from the deduction while pursuing income tax efforts of over 60,000 euros.
As the regional president stated, these three measures will benefit 1,344.000 Valencian taxpayers, or 97.4% of taxpayers. To anyone earning less than 60.000 Euros.
As he stated in his speech to the Valencian Parliament, the Valencia tax reform would mean savings of an average of 111 euros per taxpayer and a total of 149 million for families.