Economists believe that the tax on the rich will go against CCAA laws
The president of the General Council of Economists (CGE), Valentín Pich, has warned this Thursday that the new solidarity tax on large fortunes could go against the regulatory capacity of the Autonomous Communities, “demonstrating the failure of continuing with a financing system that dates back to 2009”.
In addition, Pich considers it “unusual” to incorporate a new tax into the tax system, as is the case of the solidarity tax on large fortunes, through an amendment to a bill, and believes that this “set a precedent”. This has been transferred by Pich during his speech this Thursday at the Annual Conference of the Registry of Tax Advisory Economists that have been held in Cádiz.
During the event, the president of the REAF, Agustín Fernández, warned that not only taxpayers from Communities such as Andalusia, Galicia or Madrid, with discounts in force, will have to pay the new tax, but also very high than other regions such as Asturias, Cantabria, Catalonia and Region of Murciabecause its maximum marginal is less than 3.5%.
For his part, the Dean of the College of Economists of Cádiz, Javier Cabeza de Vaca, commented that, if the Wealth Tax does not make sense in Spain, at the present time, because it is a rarity within modern tax systems , “less still does the projected tax.” Regarding the increase in the rates in the personal income tax savings base projected for 2023, economists have commented that now is the time, before the end of the year, to review operations, such as those that originate strong capital gains or dividend distributions becauseif they are carried out next year, they may have a higher taxation.
As soon as to the increase to 7%, currently 5%, of the expenses that are difficult to justify in a simplified direct estimate for 2023, included in the Budget bill, recalls that only the percentage limit has been modified but not the absolute maximum that is still set at 2,000 euros, noting that, if it is not increased this last limit, many businessmen and professionals will not benefit from this new measure.
Recommendations to optimize Income 2022
Economists have launched 100 recommendations to optimize Income 2022 before the end of the year. Among them, those responsible for the REAF have highlighted that if it is planned the collection of dividends from your company, or the sale or donation of any patrimonial element that generates a patrimonial gain, the increase in the taxation of savings income planned for 2023 will affect, since it has an impact on any income that is included in the savings base. Therefore, it may be convenient to advance operations before December 31st.
In addition, they have indicated that, if you have rented a property that constitutes the habitual residence of the tenant, you can apply a reduction of the net yield of 60%, which It will not proceed if you rent it seasonally or to a company without designating the employee of the company who is going to occupy it. youNor will you be entitled to the reduction if the rent includes the provision of services typical of the hotel industry, such as cleaning, changing sheets, or a maintenance service.
It must be taken into account that, in 2023, if the Law for the right to housing is finally approved, this reduction is expected to increase in some cases, but the decrease, from 60 to 50% in the general case. For example, landlords who rent a home located in a stressed area by lowering the rent by at least 5%, may apply a reduction of 90% (instead of the current 60%). Those who rent a home located in a stressed area for young people between the ages of 18 and 35 may apply a reduction of 70%.
“So, If you own a home in a stressed area and want to rent it, Perhaps you should wait for this rule to come into force and rent it to young people, or lower the rent to your current tenant when the contract ends and a new one has to be signed,” the economists have recommended.
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