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How should the check of 200 euros be taxed in the Income statement?

Date: March 29, 2024 Time: 18:14:55

The beneficiaries of the 200-euro check that the Pedro Sánchez Executive launched last summer, with the fight against the high inflation target rate, must be very attentive to the new campaign of the 2022 Income statement, which starts Just this Tuesday, April 11.

Although it is true that the check for 200 euros does not have personal income tax withholding, the truth is that it is taxed in the personal income tax return as a capital gain to be entered in the General Taxable Base of the Tax. In fact, the Tax Agency clarifies it through its website.

It should be remembered that the norm indicates that the aid regulated in this chapter will not be subject to Law 38/2003, of November 17, which is the General Law on Subsidies. That is, they are taxed and must be included in the Personal Income Tax Declaration, but only in the case of those beneficiaries who are obliged to do so.

In which Income box should the aid of 200 euros be entered?

The State Tax Administration Agency explains in a video where capital gains are entered in the personal income tax return. These are the steps to follow in the Income statement corresponding to 2022:

When starting a new declaration in Renta WEB, the identification and personal and family data will be shown. If the data is correct, press “OK”. You will access the statement summary; click on “Declaration sections” to locate the option in which to provide the information of the subsidy or aid. Click “Patrimonial gains and losses” and then “Awards, subsidies, compensatory interest and other profits that do not derive from the transfer of patrimonial elements. Check if the aid of 200 euros is among any of the parties. If it is not In this case, it includes the aid of 200 euros in box 304. If you wish to provide more information, you can return to the “Declaration section” or use the “Show options” button.Your declaration.You can save the data to retrieve it in a new session. .. and check if there are any errors with the “Validate. Submit tax return” button.

What if I am a beneficiary of the new government check?

The TaxDown tax advisory, ensures that “this check is taxed as a capital gain in the Income Tax (IRPF)”, therefore, taxpayers who exceed the minimum to make the Income, must include it in the fiscal year corresponding to 2023 and which will be launched in 2024.

🎞️The first tutorial videos are now available on our YouTube channel to guide you in obtaining a new Income reference and in completing various practical cases in Income WEB👉https://t.co/erUhLqgLXO

— AEAT Technical Support (@informaticaaeat) March 16, 2023

In short, the new aid of 200 euros, whose application period ended on March 31, will not influence the next income campaign that starts on April 11, if not the following year’s declaration. According to TaxDown calculations, for an average income of 23,500 euros, the income of these additional 200 euros will mean the payment of 30 euros to the Tax Agency.

However, it will have its differences depending on the autonomous community of residence and how close the maximum rent is to request the aid. As indicated by the platform, a maximum for a taxpayer with an income of 27,000 euros who resides in Madrid, the percentage to be paid will be 17%, that is, 34 euros. For an equal income in Catalonia or the Valencian Community, the percentage would be higher, in some cases even being able to pay up to 45 euros for this check.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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