How will Generalitat’s tax cuts affect Alicante? this is what you can save

No time to read?
Get a summary

Generalitat chief Ximo Puig tax reform this will benefit all Valencians Fee less than 60.000 Euro. In total, 1.3 million residents in the Community. These are the main keys to measures related to taxation.

The Generalitat Valenciana proposes a reform in the autonomous section of the IRPF to correct the effects of inflation in the middle and working classes with three simultaneous measures:

1. Increasing the Personal and Family Minimum by 10% for all IRPF taxpayers.

That way, the new minimums will look like this:

  • Between € 5,550 and € 6,105 for general assumptions

  • Between 6,700 € and 7,370 € for people over 65

  • Between €8,100 and €8,910 for people over 75

  • +10%: Minimum family assumptions for grandchildren, grandchildren and people with disabilities.

2. A new IRPF rate applicable to the General Taxable Base It is neutral to change the rate and personal and family minimum for taxable bases exceeding €60,000, while reducing the liquid income quota by up to €60,000, increasing the progressiveness and redistribution of personal income tax. affects the shrinkage of subdivisions.

3. Increase in amount and limits in regional deductions. All deductions that already have a fixed amount will be increased by 10%, and any remaining deductions will be increased by 10% of the maximum limits set.

In addition, income limits regulated by law Valencian Community To access most of these deductions.

Concrete data. Information

This update is mainly middle income taxpayerscurrently unable to enforce any of these cuts.

Calculations by Generalitat show that:

  • Inside 10,000 euros income the full fee will be 445 euros and 350.55 euros, representing a 21.22% reduction.

  • Inside Income up to 20.000 Eurothe full fee is 1,607 euros and 1,490 euros, which means a decrease of 7.26%.

  • Inside Income up to 30.000 EuroThe full fee of 2,997 euros is paid and is reduced by 2,23% from the reform to 2,930 euros.

  • Inside Income up to 60.000 EuroA full fee of 8,947 euros is paid and reduced to 8,914 euros, a reduction of 0.37%.

  • of the 65 thousand euros andAfter n, there is no difference, the same continues to be paid.

Some concrete examples depending on personal circumstances. In these cases, the entire reform will be taken into account: the increase in the personal and family minimum, the increase in new rates and deductions and their limits.

Concrete examples. Information

The cases examined are:

  • Case 1. Young Single under 35 The one who earns 28,000€ and is mortgaged. Amortize €8,000

  • Case 2. Couple with a responsible relative 80 years old. They earn €30,000 and make a joint comeback

  • Case 3. Family single parent Has a 4-year-old son and an income of 25.800 €

  • Case 4. Partner Two kids (2 and 5 years). They earn €30,000 and €38,000 and make individual declarations

  • Case 5. Couple investing 6,000 € renovate your home to make it more sustainable. They earn €48,000 and make a joint comeback

  • Case 6. Couple with two young children living in a municipality population decline risk. They earn €28,000 and make a joint comeback

  • Case 7. Person mental disability Of the 33% who earned 28,000 € and bought a house. Amortize €8,000

  • Case 8. Few young people under 35 paying money 8,000 € annual rentr. They earn €18,000 and €21,000 and make individual declarations

  • Case 9. Retired person more than 76 years who receives only 15,000 € pension

No time to read?
Get a summary
Previous Article

Sale at Lidl: The ideal clothesline for rainy days less than 7 euros

Next Article

Huesca civil guard who abused children in after-school classrooms sentenced to 53 years in prison