Changes in IRPF withholdings for 2015: here's what they look like
Posted: Sun Dec 22, 2024 5:00 am
Withholdings, that bite in the payroll that gives us so many headaches, if they are not applied or if it is of a small amount, we worry about the fee that the Tax Agency may charge us when we have to file our income tax return and if they apply the corresponding withholding and it is high, we complain about the drain it represents in the reduction of the payroll.
Income tax withholdings are nothing more than an advance payment or payment on account of the future declaration, the objective being that the result of the declaration to be made has a result close to zero, in order to avoid the treasury making refunds or the worker having to face payments that are difficult to pay.
Among the main tax changes in Law 35/2006, of November 28, on income tax introduced by Law 26/2014, of November 27, are those relating to withholdings or payments on new zealand girls whatsapp number account of personal income tax, some of which are detailed below.
How are the withholdings for 2015?
As regards withholdings on work income , the aim of the reduction in personal income tax is to give families more resources to spend. This reduction will take place in two phases, the first in 2015 and the second in 2016. With the modification of article 101.1 of the Personal Income Tax Law , in 2015 the minimum rate will go from 24.75% to 20%, and to 19% in 2016, accompanied by a strong increase in family minimums, up to 32%. For its part, the maximum marginal rate will be 47% in 2015 and 45% in 2016 for incomes of 60,000 euros or more, and the personal income tax brackets will also be reduced from seven to five.
For Directors and members of Boards of Directors, the withholding rate for the 2015 financial year will be 37%. However, when the income comes from entities with a net turnover of less than 100,000 euros, the withholding rate will be 19%. This rate will be 20% for the 2015 financial year.
For its part, the income from professional activities remains generally at 19% for the 2015 financial year, being reduced to 18% in 2016. On the other hand, a new special withholding rate of 15% is created, applicable to activities whose volume of gross income from the previous financial year is less than 15,000 euros and represents more than 75 percent of the gross income from work and economic activities.
In the event that the work income is obtained by expatriates , covered by the special regime for expatriates, the withholding percentage applicable to their work income will be 24% up to 600,000 euros, with 45% applied to the rest, although in 2015 this percentage will rise to 47%.
Income tax withholdings are nothing more than an advance payment or payment on account of the future declaration, the objective being that the result of the declaration to be made has a result close to zero, in order to avoid the treasury making refunds or the worker having to face payments that are difficult to pay.
Among the main tax changes in Law 35/2006, of November 28, on income tax introduced by Law 26/2014, of November 27, are those relating to withholdings or payments on new zealand girls whatsapp number account of personal income tax, some of which are detailed below.
How are the withholdings for 2015?
As regards withholdings on work income , the aim of the reduction in personal income tax is to give families more resources to spend. This reduction will take place in two phases, the first in 2015 and the second in 2016. With the modification of article 101.1 of the Personal Income Tax Law , in 2015 the minimum rate will go from 24.75% to 20%, and to 19% in 2016, accompanied by a strong increase in family minimums, up to 32%. For its part, the maximum marginal rate will be 47% in 2015 and 45% in 2016 for incomes of 60,000 euros or more, and the personal income tax brackets will also be reduced from seven to five.
For Directors and members of Boards of Directors, the withholding rate for the 2015 financial year will be 37%. However, when the income comes from entities with a net turnover of less than 100,000 euros, the withholding rate will be 19%. This rate will be 20% for the 2015 financial year.
For its part, the income from professional activities remains generally at 19% for the 2015 financial year, being reduced to 18% in 2016. On the other hand, a new special withholding rate of 15% is created, applicable to activities whose volume of gross income from the previous financial year is less than 15,000 euros and represents more than 75 percent of the gross income from work and economic activities.
In the event that the work income is obtained by expatriates , covered by the special regime for expatriates, the withholding percentage applicable to their work income will be 24% up to 600,000 euros, with 45% applied to the rest, although in 2015 this percentage will rise to 47%.