Less than two weeks before the start of 2023, which will be accompanied by several tax novelties by the Tax Agency, which must take into account Spanish taxpayers for the 2022 Income Statement. Among them, the reduction for income from work stands out. to be used on gross salaries of between 15,000 and 21,000 euros. This measure, designed by the Ministry of Finance and Public Function, headed by María Jesús Montero, would entail a reduction in personal income tax for 50% of workers, which would mean savings of 1,881 million euros, according to what is published on the Government website. from Spain.
A direct consequence of this extension of the reduction for work income is that taxpayers who receive income from more than one payer will not be required to declare if the sum of their income does not exceed 15,000 euros, a difference from the previous 14,000 euros.
Minister Montero has placed special emphasis on the fact that the package of measures that she already presented last September, and that will be incorporated into the General State Budget for 2023 or in laws that will allow its implementation next year, does not imply a rate deflation or a change in tax brackets and rates.
Income tax reduction to 50% for the lowest incomes
To promote the reduction of the tax gap between capital and work income, the AEAT includes measures in the personal income tax, which will affect 17,814 taxpayers and will allow savings of more than 200 million. Thus, the tax for income between 200,000 and 300,000 euros rises one point, to 27%, and the tax for capital income of more than 300,000 euros rises to 28%.
In the same way, the current reduction for work actions “to help taxpayers who need it most” is extended, as stated by María Jesús Montero at a press conference. Currently, this tax benefit is only enjoyed by taxpayers with gross income of up to 18,000 euros, but the Government of Spain will extend it from 2023 to those with a gross salary of 21,000 euros. Therefore, not only will there be more beneficiaries, but the tax aid will be greater.
This brings with it several changes. One of the main ones is that the minimum tax rate for a single taxpayer with no children rises from 14,000 to 15,000 euros. Therefore, a worker who currently receives the Minimum Interprofessional Salary, set at 14,000 euros, will not pay personal income tax when the Government increases the SMI in 2023. the tax.
With the increase in the reduction in work income, in the case of an employee with two children who files the joint return, the minimum tax rate increases: it goes from 18,000 euros to 19,000 euros.
Who will be exempt from presenting the Income 2022
One of the great innovations promoted by the Ministry of Finance and Public Function has to do with the fact that those taxpayers who obtained gross returns do not exceed 15,000 euros will not have the obligation to file the Income Statement for the year 2022. Precisely in this sense, it should be remembered that, until now, the limit was set at 14,000 euros, which will be a great advantage for wage earners with lower incomes.